Organizational Structure, R&D Intensity, and Firm Value

  title={Organizational Structure, R&D Intensity, and Firm Value},
  author={Jan Mahrt-Smith},
  • Jan Mahrt-Smith
  • Published 2006
  • Business
  • This paper presents a theoretical model and an empirical study to show that the organizational structure of a firm affects firm value through the level of RD second, studies on the effect of innovation on firm value. The current paper shows that there are important interaction effects between the two - both in theory and in the data. 
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