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

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Yu-feng Wang

    (Hunan University)

  • Fan Yang

    (Hunan University)

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.

Suggested Citation

  • Yu-feng Wang & Fan Yang, 2013. "An Empirical Study on Relationship Between Diversification Strategy and Research and Development Investment," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 475-484, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38442-4_51
    DOI: 10.1007/978-3-642-38442-4_51
    as

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