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Corporate raiders don't cut investment in R & D

✍ Scribed by Jonathan B. Welch; Paul Bolster

Book ID
116022699
Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
862 KB
Volume
25
Category
Article
ISSN
0024-6301

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## Abstract The purpose of this paper is to analyze the effects that takeover threats have on firms' preacquisition R&D intensity. Critics of takeovers usually argue that takeover threats may reduce target firms' R&D investments. However, I find that target firms may increase R&D investment in orde