R&D Management and Corporate Financial Policy

John B. Guerard, Jr., Alden S. Bean and Steven Andrews
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John B. Guerard, Jr.: O'Connor & Associates, Chicago, Illinois 60604
Alden S. Bean: College of Business and Economics, Lehigh University, Bethlehem, Pennsylvania 18015
Steven Andrews: U.S. Bureau of the Census, Washington, DC 20233

Management Science, 1987, vol. 33, issue 11, 1419-1427

Abstract: The hypothesis that firms simultaneously determine their research and development, investment, dividend, and new debt policies generally is substantiated in the financial literature. The determinants of research and development, dividend, investment and financing decisions of 140 firms are estimated econometrically during the 1978--1982 period. Management gains insights into the interactions of pursuing research and development expenditures, paying dividends, and undertaking investments.

Keywords: R&D management; corporate finance; corporate strategy (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:33:y:1987:i:11:p:1419-1427

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