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Corporate restructuring and industrial research and development / Academy Industry Program.
- Format:
- Book
- Author/Creator:
- Academy Industry Program (National Research Council (U.S.))
- Language:
- English
- Subjects (All):
- Corporate reorganizations--United States.
- Corporate reorganizations.
- Consolidation and merger of corporations--United States.
- Consolidation and merger of corporations.
- Research, Industrial.
- Physical Description:
- 1 online resource (160 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : National Academy Press, 1990.
- Language Note:
- English
- Summary:
- The debate about the effects of corporate restructuring on industrial investment in research and development has important implications for public policy, since research and development is vital to the nation's ability to compete in the global marketplace. Researchers worry that debt service will cut research and development funds; financiers argue that restructuring improves corporate efficiency without affecting research and development expenditures. This book eminated from a symposium sponsored by the Academy Industry Program. The speakers represented a range of opinions from government, Wall Street, industry, and academia. In addition to helping all sides in the dialogue learn something of the others' needs and expectations by presenting various points of view on the issue, the discussions identify areas in which more research is needed to guide policy decisions.
- Contents:
- Corporate Restructuring and Industrial Research and Development
- Copyright
- Preface
- Contents
- CORPORATE RESTRUCTURING AND INDUSTRIAL RESEARCH AND DEVELOPMENT
- Evening Session October 11, 1989
- THE COST OF CAPITAL
- THE ARGUMENT BEYOND CAPITAL COSTS
- THE SECTORAL INCIDENCE OF RESTRUCTURING ACTIVITY
- R&
- D INTENSITY OF RESTRUCTURING TARGETS
- D CHANGES AFTER RESTRUCTURING
- THE STOCK MARKET AND R&
- D EXPENDITURES
- CONCLUSION
- Morning Session October 12, 1989
- Afternoon Session October 12, 1989
- Appendix A Industrial Research and Corporate Restructuring: An Overview of Some Issues
- IS THERE REASON FOR CONCERN?
- THE RISE OF THE LBO
- EXPLAINING THE SLOWDOWN IN R&
- D GROWTH
- TWO POINTS OF VIEW ON LEVERAGED TAKEOVERS
- RESTRUCTURING AND R&
- D: A NEGATIVE VIEW
- BUYOUTS AND MANAGEMENT REFORM: THE POSITIVE VIEW
- SOME TENTATIVE ASSESSMENTS
- Appendix B List of Participants
- Appendix C Agenda.
- Notes:
- Symposium on which report is based was held October 11 and 12, 1989 at the National Academy of Sciences.--Pref.
- On title page: National Academy of Sciences, National Academy of Engineering, Institute of Medicine.
- Includes background paper: "Industrial research and corporate restructuring: an overview of some issues," by Kenneth Flamm.
- Includes bibliographical references.
- Contains:
- Flamm, Kenneth, 1951- Industrial research and corporate restructuring : an overview of some issues.
- ISBN:
- 9786610212804
- 9781280212802
- 1280212802
- 9780309582407
- 0309582407
- 9780585142470
- 0585142475
- OCLC:
- 614639368
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