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

Xin Chen (), En Xie () and Marc van Essen ()
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Xin Chen: Xi'an Jiaotong University (China, Xi'an) - XJTU
En Xie: Tongji University
Marc van Essen: University of South Carolina [Columbia]

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Abstract: 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.

Keywords: R&D investments; Frequency; Performance feedback; Social aspiration; Historical aspiration (search for similar items in EconPapers)
Date: 2021-04-01
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Published in Asian Business and Management, 2021, 20 (2), pp.221 - 258. ⟨10.1057/s41291-019-00092-0⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05656769

DOI: 10.1057/s41291-019-00092-0

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