A LONGITUDINAL-STUDY OF THE CAUSE AND CONSEQUENCES OF CHANGES IN DIVERSIFICATION IN THE UNITED-STATES PHARMACEUTICAL-INDUSTRY 1977-1986

被引：82

作者：

HILL, CWL

HANSEN, GS

机构：

[1] Graduate School of Business Administration, University of Washington, Seattle, Washington

来源：

STRATEGIC MANAGEMENT JOURNAL | 1991年 / 12卷 / 03期

关键词：

D O I：

10.1002/smj.4250120303

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper hypothesizes that diversification by firms based in the pharmaceutical industry during the 1977‐86 time period was primarily undertaken to reduce the risks associated with being dependent upon a technologically dynamic environment. Consistent with this non‐efficiency motive for diversification, declining economic performance is predicted. A longitudinal empirical analysis provides support for these propositions. Copyright © 1991 John Wiley & Sons, Ltd.

引用

页码：187 / 199

页数：13

共 30 条

[1] DIVERSIFICATION STRATEGIES, BUSINESS CYCLES AND ECONOMIC-PERFORMANCE [J].