Performance feedback and firms' R&D frequency: a comparison between state-owned and private-owned enterprises in China

被引:21
|
作者
Chen, Xin [1 ]
Xie, En [2 ]
Van Essen, Marc [3 ]
机构
[1] Xi An Jiao Tong Univ, Sch Management, 28 Xianning Rd, Xian 710049, Shaanxi, Peoples R China
[2] Tongji Univ, Sch Econ & Management, 1500 Siping Rd,Tongji Bldg A, Shanghai 200092, Peoples R China
[3] Univ South Carolina, Darla Moore Sch Business, Columbia, SC 29208 USA
基金
中国国家自然科学基金;
关键词
R&D investments; Frequency; Performance feedback; Social aspiration; Historical aspiration; RISK-TAKING; EXECUTIVE-COMPENSATION; CORPORATE-OWNERSHIP; INNOVATION; INVESTMENT; SEARCH; INCENTIVES; MANAGEMENT; CEO; DETERMINANTS;
D O I
10.1057/s41291-019-00092-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
R&D investments are an important precursor to innovation and ultimately affect a firm's long-term performance. Prior research has treated R&D expenses as static over time, but over the last few years, scholars have switched to a more dynamic perspective of R&D investment. Using data from Chinese listed manufacturing firms, this study investigates the influence of performance feedback on R&D investment frequency, and further explores how that influence differs in SOEs and POEs. These results provide insight into the dynamics of firms' R&D investment, which can help decision-makers properly stimulate firms' R&D investments in China's emerging economy.
引用
收藏
页码:221 / 258
页数:38
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