Performance feedback and firms’ R&D 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
En Xie: Tongji University
Marc Van Essen: University of South Carolina

Asian Business & Management, 2021, vol. 20, issue 2, No 3, 258 pages

Abstract: 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
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DOI: 10.1057/s41291-019-00092-0

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