Strength of the association between R&D volatility and firm growth: The roles of corporate governance and tangible asset volatility

Pankaj C. Patel, Maria Guedes, Nuno Soares and Vítor da Conceição Gonçalves

Journal of Business Research, 2018, vol. 88, issue C, 282-288

Abstract: We investigate the complementary roles of corporate governance; property, plant, and equipment (PPE) volatility; and intangible asset volatility in improving the returns from R&D volatility. With increasing R&D volatility, corporate governance can help align divergent goals and heterogeneous resources both internally and externally. PPE volatility or intangible asset volatility could help synchronize asset turnover with R&D volatility. The findings show that corporate governance and PPE volatility complement R&D volatility in improving a firm's performance.

Keywords: R&D volatility; PPE asset volatility; Corporate governance; Firm growth (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:88:y:2018:i:c:p:282-288

DOI: 10.1016/j.jbusres.2017.12.033

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