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Vertical Integration and Technological Innovation

Henry Ogden Armour; David J. Teece

The Review of Economics and Statistics 1980

The authors find that a significant relationship exists between vertical integration and expenditures for basic and applied research for the US petroleum industry, 1954-1975. They advance several hypotheses consistent with this finding, and conclude that organizational structure influences expenditures on research in the modern business enterprise.

DOI
10.2307/1927118
Volume
62 (3)
Pages
470
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