Research Article
The Impact of Business Strategic Orientation on Innovation-Driven Mergers and Acquisitions: An Empirical Study
Table 1
Indicators for measuring business strategic orientation.
| Name | Meaning |
| RDS | The ratio of research and development to sales | EMPS | The ratio of employees to sales | REV | A historical growth measure (one-year percentage change in total sales) | MS | The ratio of marketing (SG&A) to sales | EMPF | A measure of employee fluctuations | CI | Measure of capital intensity (net PPE scaled by total assets) |
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