Momentum and Inferential Strategies: How Rational are R&D Investment Decisions?
Volume: 2019, Issue: 1, Pages: 11622 - 11622
Published: Aug 1, 2019
Abstract
This study uses longitudinal data on Spanish manufacturing firms between 1998 and 2012 to provide a microfoundational account of R&D investment decisions. While there is evidence for both momentum and inferential strategies as mechanisms guiding organizational action in decision contexts characterized by uncertainty, prior research has tended to study the two behavioral strategies in silos. I investigate the two strategies in a single setting...
Paper Details
Title
Momentum and Inferential Strategies: How Rational are R&D Investment Decisions?
Published Date
Aug 1, 2019
Volume
2019
Issue
1
Pages
11622 - 11622
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