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

被引:0
|
作者
Xin Chen
En Xie
Marc Van Essen
机构
[1] Xi’an Jiaotong University,The School of Management
[2] Tongji University,The School of Economics and Management
[3] University of South Carolina,Darla Moore School of Business
来源
关键词
R&D investments; Frequency; Performance feedback; Social aspiration; Historical aspiration;
D O I
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学科分类号
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.
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页码:221 / 258
页数:37
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