Academy of Management Annual Meeting Proceedings includes abstracts of all papers and symposia presented at the annual conference, plus 6-page abridged versions of the “Best Papers” accepted for inclusion in the program (approximately 10%). Papers published in the Proceedings are abridged because presenting papers at their full length could preclude subsequent journal publication. Please contact the author(s) directly for the full papers.

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Acquisitive Growth Strategy and Relative R&D Intensity: The Effects of Leverage, Diversification, and Size.

Michael A. Hitt

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Robert E. Hoskisson

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R. Duane Ireland

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and

Jeff Harrison

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Published Online:13 Dec 2017https://doi.org/10.5465/ambpp.1989.4977789

Abstract

Acquisitive growth strategies absorb managerial energy and lead to increased leverage, greater diversification and larger size. Because of these effects, managers tend to emphasize short-term performance and become risk averse. Analysis of 191 mergers showed that acquisitive growth, leverage, diversification and size were negatively related to relative R&D intensity.

Vol. 1989, No. 1

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Published online 13 December 2017

Published in print 1 August 1989

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