Ho, Yew Kee; Tjahjapranata, Mira; Yap, Chee Meng - In: The Journal of Business 79 (2006) 2, pp. 851-876
We show that a firm's ability to reap growth opportunities from R&D investments depends on its size, leverage, and the industry concentration. While the direct effects of these factors are significant, the size-leverage interaction reveals further important insights. Large firms' advantages over...