haku: @author Baysinger, B. D. / yhteensä: 7
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| Tekijä: | Baysinger, B. D. Kosnik, R. D. Turk, T. A. |
| Otsikko: | Effects of board and ownership structure on corporate R&D strategy. |
| Lehti: | Academy of Management Journal
1991 : MAR, VOL. 34:1, p. 205-214 |
| Asiasana: | R&D CORPORATE STRATEGY COMPANY OWNERSHIP BOARD OF DIRECTORS ORGANIZATIONAL STRUCTURE |
| Kieli: | eng |
| Tiivistelmä: | The extent to which the percentage of outside directors on a corporation's board of directors, the concentration of equity ownership, and the roles of individual and institutional stockholders influence the company's R&D strategy is examined. The results show that high insider representation on a board and a concentration of equity among institutional investors positively affect corporate R&D spending. Significant relationships between diversification and R&D spending was not found, in contrast to previous studies, that have reported a negative relationship between unrelated diversification and R&D spending. |
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