Performance Shortfalls and R&D Investment Change: Aspirations, Actions, and Expectations

Built on the Behavioral Theory of the Firm, the paper examines how firm response to performance feedback is influenced by firm expectation on the likelihood of an action to close the performance gap. Using firm level change in R&D intensity as a problemistic search behavior, we explore how perfo...

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Bibliographic Details
Main Authors: Liying Huang, Lerong He, Guangqing Yang
Format: Article
Language:English
Published: MDPI AG 2021-03-01
Series:Sustainability
Subjects:
D
Online Access:https://www.mdpi.com/2071-1050/13/6/3006