Firm-level effects of staged investments in innovation: The moderating role of resource availability
Abstract
Integrating insights on firms’ resource availability with bounded rationality and real options arguments, we propose that resource-abundant and resource-constrained firms reap different effects from a staged approach to innovation. We argue that resource availability triggers overoptimism and managerial discretion, and thereby impedes adequate resource reallocation in staged innovation projects, leading to different effects of staging at the...
Paper Details
Title
Firm-level effects of staged investments in innovation: The moderating role of resource availability
Published Date
Sep 1, 2020
Journal
Volume
49
Issue
7
Pages
103994 - 103994
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