Corporate Restructuring and Industrial Research and Development -- Copyright -- Preface -- Contents -- CORPORATE RESTRUCTURING AND INDUSTRIAL RESEARCH AND DEVELOPMENT -- Evening Session October 11, 1989 -- THE COST OF CAPITAL -- THE ARGUMENT BEYOND CAPITAL COSTS -- THE SECTORAL INCIDENCE OF RESTRUCTURING ACTIVITY -- R&D INTENSITY OF RESTRUCTURING TARGETS -- R&D CHANGES AFTER RESTRUCTURING -- THE STOCK MARKET AND R&D EXPENDITURES -- CONCLUSION -- Morning Session October 12, 1989 -- Afternoon Session October 12, 1989 -- Appendix A Industrial Research and Corporate Restructuring: An Overview of Some Issues -- IS THERE REASON FOR CONCERN? -- THE RISE OF THE LBO -- EXPLAINING THE SLOWDOWN IN R&D GROWTH -- TWO POINTS OF VIEW ON LEVERAGED TAKEOVERS -- RESTRUCTURING AND R&D: A NEGATIVE VIEW -- BUYOUTS AND MANAGEMENT REFORM: THE POSITIVE VIEW -- SOME TENTATIVE ASSESSMENTS -- Appendix B List of Participants -- Appendix C Agenda.