Why some firms never invest in formal R&D

Alvaro Cuervo‐Cazurra and C. Annique Un
Authors registered in the RePEc Author Service: Alvaro Cuervo-Cazurra ()

Strategic Management Journal, 2010, vol. 31, issue 7, 759-779

Abstract: In this paper we study the frequency of formal R&D investments. We link real options theory to the knowledge‐based view to explain how a firm's knowledge resources influence its frequency of investing in R&D to establish technological options. Specifically, we propose that a firm that lacks internal knowledge resources is more likely to never invest in R&D, a firm that has both internal and external knowledge resources is more likely to sometimes invest in R&D, while a firm that has internal knowledge resources but lacks external knowledge resources is more likely to always invest in R&D. Copyright © 2010 John Wiley & Sons, Ltd.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:bla:stratm:v:31:y:2010:i:7:p:759-779

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