Access the full text.
Sign up today, get DeepDyve free for 14 days.
R. Bettis, W. Hall (1981)
Strategic Portfolio Management in the Multibusiness FirmCalifornia Management Review, 24
B. Reimann (1986)
Does your business create real shareholder valueBusiness Horizons, 29
G. Snedecor (1967)
STATISTICAL METHODSActa Pædiatrica, 56
Scherer Scherer (1965)
Firm size, market structure, opportunity and the output of patented inventoriesAmerican Economic Review, 55
F. Reilly (1979)
Investment Analysis and Portfolio Management
Treynor Treynor
The performance of mutual funds in the period 1945–1964: discussionJournal of Finance, 23
J. Herson (1979)
Book reviewState shareholding: The role of local and regional authorities: R. Minns and J. Thornley, Macmillan, London (1978,) 159 pp. £10.00 (softback)Long Range Planning, 12
D. Teece (1982)
Towards an economic theory of the multiproduct firmJournal of Economic Behavior and Organization, 3
Rappaport Rappaport (1978)
Executive incentives vs. corporate growthHarvard Business Review, 56
R. Hoskisson (1987)
Multidivisional Structure and Performance: The Contingency of Diversification StrategyAcademy of Management Journal, 30
F. Hull, J. Hage, K. Azumi (1984)
Strategies for innovation and productivity in Japan and AmericaTechnovation, 2
J. Barney (1986)
Organisational Culture: Can It Be Source of Sustained Competitive Advantage
P. Bouvier (1982)
The Evolving Firm: Strategy and Structure in Industrial Organization
John Young (1985)
Global Competition: The New RealityCalifornia Management Review, 27
C. Hill (1988)
Internal Capital Market Controls and Financial Performance in Multidivisional FirmsJournal of Industrial Economics, 37
H. Shawky (1982)
An update on mutual funds, 8
Shawky Shawky (1982)
An update on mutual funds: better gradesJournal of Portfolio Management, 8
Dundas Dundas, Richardson Richardson (1982)
Implementing the unrelated product strategyStrategic Management Journal, 3
Loescher Loescher (1984)
Bureaucratic measurement, shuttling stock shares, and shortened time horizons: implications for economic growthQuarterly Review of Economics and Business, 24
J. Cable, Manfred Dirrheimer (1983)
Hierarchies and markets: An empirical test of the multidivisional hypothesis in West GermanyInternational Journal of Industrial Organization, 1
K. Dundas, P. Richardson (1982)
Implementing the unrelated product strategySouthern Medical Journal, 3
A. Michel, I. Shaked (1985)
Evaluating Merger PerformanceCalifornia Management Review, 27
Robert Burgelman (1986)
Managing Corporate Entrepreneurship : New Structures for Implementing Technological Innovation : Technological Forecasting and Social Change, 3
Montgomery Montgomery, Singh Singh (1984)
Diversification strategy and systematic riskStrategic Management Journal, 5
E. Mansfield (1968)
Industrial Research and Technological Innovation: An Econometric Analysis
P. Stonich (1981)
Using rewards in implementing strategyStrategic Management Journal, 2
Louis Brindisi (1985)
Shareholder value and executive compensation, 13
David Miller (1986)
Configurations of strategy and structure: Towards a synthesisSouthern Medical Journal, 7
(1962)
Strategy and Structure: Chapters in the History of the American Industrial Enterprise
P. Grinyer, Masound Yasai-Ardekani, Shawki Al-Bazzaz (1980)
Strategy, Structure, the Environment, and Financial Performance in 48 United Kingdom CompaniesAcademy of Management Journal, 23
Cynthia Montgomery, Harbir Singh (1984)
Diversification strategy and systematic riskSouthern Medical Journal, 5
B. Lamont, C. Anderson (1985)
Mode of Corporate Diversification and Economic PerformanceAcademy of Management Journal, 28
M. Aoki (1983)
Managerialism revisited in the light of bargaining-game theoryInternational Journal of Industrial Organization, 1
Harrington Harrington (1983)
Stock prices, beta and strategic planningHarvard Business Review, 61
Rumelt Rumelt (1982)
Diversification strategy and profitabilityStrategic Management Journal, 3
D. Hambrick, I. MacMillan (1985)
Efficiency of Product R&D in Business Units: The Role of Strategic ContextAcademy of Management Journal, 28
Paulette Dubofsky, P. Varadarajan (1987)
Diversification and Measures of Performance: Additional Empirical EvidenceAcademy of Management Journal, 30
Reece Reece, Cool Cool (1978)
Measuring investment center performanceHarvard Business Review, 56
R. Rumelt (1982)
Diversification strategy and profitabilitySouthern Medical Journal, 3
W. Ouchi, O. Williamson (1977)
Markets and Hierarchies: Analysis and Antitrust Implications.Administrative Science Quarterly, 22
Jaeger Jaeger, Baliga Baliga (1985)
Control systems and strategic adaptation: lessons from the Japanese experienceStrategic Management Journal, 6
G. Crystal, Mark Hurwich (1986)
The Case for Divisional Long-Term IncentivesCalifornia Management Review, 29
Jay Galbraith, Robert Kazanjian (1986)
Strategy implementation : structure, systems, and process
Dearden Dearden (1969)
The case against ROI controlHarvard Business Review, 47
M. Lubatkin (1983)
Mergers and the Performance of the Acquiring Firm.Academy of Management Review, 8
E. Mansfield (1968)
Industrial research and technological innovation
Dearden Dearden (1960)
Problems in decentralized profit responsibilityHarvard Business Review, 38
A. Rappaport (1986)
Creating shareholder value : the new standard for business performance
R. Thompson (1981)
Internal Organization and Profit: A Note [Internal Organization and Profit: An Empirical Analysis of Large UK Companies]Journal of Industrial Economics, 30
P. Haspeslagh (1989)
Portfolio Planning: uses and limits
A. Michel, I. Shaked (1984)
Does Business Diversification Affect PerformanceFinancial Management, 13
H. Christensen, Cynthia Montgomery (1981)
Corporate economic performance: Diversification strategy versus market structureSouthern Medical Journal, 2
Dickson Dickson (1986)
Self‐help from JapanHarvard Business Review, 64
R. Hoskisson, C. Galbraith (1985)
The Effect of Quantum Versus Incremental M-form Reorganization on Performance: A Time-Series Exploration of Intervention DynamicsJournal of Management, 11
C. Galbraith, B. Samuelson, Curt Stiles, G. Merrill (1986)
Diversification, Industry Research and Development, and Market Performance., 1986
M. Porter (1989)
From Competitive Advantage to Corporate Strategy
B. Rosen, S. Rynes, T. Mahoney (1983)
Compensation, jobs, and gender.Harvard business review, 61 4
R. Rothwell (1984)
The role of small firms in the emergence of new technologiesOmega-international Journal of Management Science, 12
Henry Armour, D. Teece (1978)
Organizational Structure and Economic Performance: A Test of the Multidivisional HypothesisThe Bell Journal of Economics, 9
Thompson Thompson (1981)
Internal organization and profit: a noteJournal of Industrial Economics, 30
M. Kamien, N. Schwartz (1982)
Market structure and innovation
D. Teece (1981)
INTERNAL ORGANIZATION AND ECONOMIC PERFORMANCE: AN EMPIRICAL ANALYSIS OF THE PROFITABILITY OF PRINCIPAL FIRMS*Journal of Industrial Economics, 30
Y. Amihud, B. Lev (1981)
Risk Reduction as a Managerial Motive for Conglomerate MergersThe Bell Journal of Economics, 12
Christensen Christensen, Montgomery Montgomery (1981)
Corporate economic performance: diversification strategy versus market structureStrategic Management Journal, 2
C. Hill, R. Hoskisson (1987)
Strategy and Structure in the Multiproduct FirmAcademy of Management Review, 12
C. Hill (1985)
Internal organization and enterprise performance: Some UK evidenceManagerial and Decision Economics, 6
D. Hambrick, I. MacMillan, R. Barbosa (1983)
Business Unit Strategy and Changes in the Product R&D BudgetManagement Science, 29
M. Porter (1985)
Competitive Advantage: Creating and Sustaining Superior Performance
F. Scherer (1986)
Innovation and Growth: Schumpeterian Perspectives
R. Bettis, W. Hall (1982)
Diversification Strategy, Accounting Determined Risk, and Accounting Determined ReturnAcademy of Management Journal, 25
Miller Miller (1986)
Configurations of strategy and structure: towards a synthesisStrategic Management Journal, 7
D. Norburn, P. Miller (1981)
Strategy and Executive Reward: The Mis-Match in the Strategic ProcessJournal of General Management, 6
Robert Burgelman (1983)
A Process Model of Internal Corporate Venturing in the Diversified Major FirmAdministrative Science Quarterly, 28
W. McEachern (1975)
Managerial control and performance
P. Steer, J. Cable (1978)
INTERNAL ORGANIZATION AND PROFIT: AN EMPIRICAL ANALYSIS OF LARGE U.K. COMPANIESJournal of Industrial Economics, 27
C. Hill (1985)
Oliver Williamson and the M-Form Firm: A Critical ReviewJournal of Economic Issues, 19
G. Cesari, Jacob Schmookler (1967)
Invention and Economic GrowthTechnology and Culture, 10
Ellsworth Ellsworth (1983)
Subordinate financial policy to corporate strategyHarvard Business Review, 61
R. Bettis, W. Hall (1983)
The business portfolio approach—Where it falls down in practiceLong Range Planning, 16
R. Rumelt (1974)
Strategy, structure, and economic performance
Jeffrey Kerr (1985)
Diversification Strategies and Managerial Rewards: An Empirical StudyAcademy of Management Journal, 28
Yoshitaka Suzuki (1985)
The Formation of Management Structure in Japanese Industrials 1920–40Business History, 27
Hill Hill (1985b)
Internal organization and enterprise performanceManagerial and Decision Economics, 6
Barbara Keats, M. Hitt (1985)
Linkages among Environmental Dimensions and Macro-Organizational Characteristics: A Causal Modeling Approach., 1985
K. Davidson (1987)
DO MEGAMERGERS MAKE SENSEJournal of Business Strategy, 7
Dubofsky Dubofsky, Varadarajan Varadarajan (1987)
Diversification strategy and market risk and return: additional empirical evidenceAcademy of Management Journal, 30
David Kearns (1985)
Xerox's productivity plan is worth copying, 13
R. Pitts (1977)
Strategies And Structures For DiversificationAcademy of Management Journal, 20
R. Bettis, A. Chen (1985)
Organization Structure and Financial Market Performance: A Preliminary Test
R. Sibbernsen (1986)
What arbitrators think about technology replacing laborHarvard Business Review, 64
Hayes Hayes, Abernathy Abernathy (1980)
Managing our way to economic declineHarvard Business Review, 58
Alfred Jaeger, B. Baliga (1985)
Control systems and strategic adaptation: Lessons from the Japanese experienceSouthern Medical Journal, 6
This paper hypothesizes that tight financial controls associated with large diversified M‐form firms lead to a short‐term, low‐risk orientation and thereby lower relative investment in R&D. Further, it is hypothesized that increasing levels of diversification require different control systems which have significant implications for investing in R&D. Results of the study of 124 major U.S. firms suggest that less diversified U‐form firms invest more heavily in R&D than more diversified M‐form firms after controlling for size and industry effects. Additionally, dominant business firms invested more in R&D than either related or unrelated business firms. Finally, the relationship between R&D intensity and market performance was negative for related and unrelated firms. The findings suggest that the market evaluates R&D investment more positively for firms that are organized to seek synergy than for those that are organized to pursue a hedging (or diversification) strategy.
Strategic Management Journal – Wiley
Published: Nov 1, 1988
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.