A BEHAVIORAL THEORY OF R&D EXPENDITURES AND INNOVATIONS: EVIDENCE FROM SHIPBUILDING.
基于企业行为理论，研究了绩效和冗余资源如何影响研发支出与创新推出，利用造船企业数据验证了低绩效引发问题搜索、高冗余促进研发投入的假设。
I base an integrated model of innovation development and launch on the behavioral theory of the firm. This model specifies that research and development expenses are increased when low performance causes “problemistic search” and when excess resources cause “slack search.” Innovations generated by search are launched if low performance gives managers high risk tolerance. Using data from shipbuilding firms, I show that high performance reduces R&D intensity and innovation launches, and high slack increases R&D intensity, as predicted.