An Empirical Study on Relationship Between Diversification Strategy and Research and Development Investment

Yu-feng Wang () and Fan Yang
Additional contact information
Yu-feng Wang: Hunan University
Fan Yang: Hunan University

Chapter Chapter 51 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 475-484 from Springer

Abstract: Abstract Based on the data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2008 to 2010, this paper theoretically analyzes different diversification strategies affect the choice of different internal control mechanism models, and then affect the department managers of research and development investment willingness. Empirical evidence shows that compared with the single business company, diversification strategy inhibits research and development investment of the company; in addition, compared with related diversification, unrelated diversification strategy inhibits research and development investment of the company; moreover, research and development intensity in diversified firms will be negatively related to a continuous measure of diversification.

Keywords: Department manager; Diversification strategy; Internal control mechanism models; Research and development intensity (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38442-4_51

Ordering information: This item can be ordered from
http://www.springer.com/9783642384424

DOI: 10.1007/978-3-642-38442-4_51

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().