A behavioral theory of R&D expenditures and innovations: Evidence from shipbuilding

• 成果类型: Article
• 署名作者: Greve, HR
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/30040661
• 发表日期: 2003
• 页码: 685-702
• 关键词: VARIABLE RISK PREFERENCES; ORGANIZATIONAL INNOVATION; STRATEGIC PERSISTENCE; Product innovation; performance; MODEL; adaptation; DECISION; japanese; determinants

摘要

I base an integrated model of innovation development and launch on the behavioral theory of the firm. This model specifies that research and development expenses are increased when low performance causes problemistic search and when excess resources cause slack search. Innovations generated by search are launched if low performance gives managers high risk tolerance. Using data from shipbuilding firms, I show that high performance reduces R&D intensity and innovation launches, and high slack increases R&D intensity, as predicted.