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Tekijä: | David, P. Hitt, M.A. Gimeno, J. |
Otsikko: | The influence of activism by institutional investors on R&D |
Lehti: | Academy of Management Journal
2001 : FEB, VOL. 44:1, p. 144-157 |
Asiasana: | INVESTORS R&D R&D PLANNING |
Kieli: | eng |
Tiivistelmä: | Researchs have assumed that large ownership stakes held by institutional investors grant them power to influence R&D investments. The authors found that ownership alone was insufficient and that institutions resorted to activism to influence R&D investments. Institutional activism increased R&D inputs over both the short and long terms. |
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