所属单位：国际工商管理学院

主题：Institution Matters: Reexamining the Relationship Between Performance Below Aspiration and the Firm's R&D Search in China

报告人:Shihao Zhou   Xi'an Jiaotong-Liverpool University  Assistant Professor    

时间：2017-04-10 10:00至11:30

地点：ylzz总站线路检测_首頁(歡迎您)国际工商管理学院106

报告人简介：

We examine how negative performance feedback and institutional context jointly influence a firm's R&D search intensity. A substantial amount of research indicates that, to turnaround poor performance, firms increase R&D search when their financial performance is below the aspiration level. However, at the same time, poorly performing firms, which are often short-term-oriented and face finacial constraints, may also be reluctant to conduct R&D search, which is very costly and may only be beneficial in a long-term. We propose that, in weak national institutions such as China, poorly performing firms would reduce R&D search because the weak institution would make firms more short-term-oriented and exacerbate the financial constraints problem. Furthermore, while state ownership and provincial economic growth rate enable Chinese firms to invest more in R&D in the presence of negative performance feedback, strong provincial IPR regime would reduce the firm's R&D search further.