RESOURCE ALLOCATION AS AN OUTCROPPING OF STRATEGIC CONSISTENCY: PERFORMANCE IMPLICATIONS.
研究了多元化企业跨业务部门的财务资源分配一致性对企业绩效的影响，发现研发强度差异与资产回报率负相关，但资本强度差异无此关系。
Similarities in financial resource allocations across the lines of business of diversified firms may indicate corporate strategic consistency, which may lead to superior corporate performance. In support of this argument, the variance in R&D intensity across the lines of business of 96 diversified firms was found to be inversely related to industry-adjusted return on assets. However, no relationship was found for capital intensity. These results provide partial support for the usefulness of a resource-based approach to the study of diversification strategy.