How does inconsistent negative performance feedback affect the R&D investments of firms? A study of publicly listed firms
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DOI: 10.1016/j.jbusres.2019.04.045
Abstract: Abstract We analyze the innovation incentives of firms in a model in which a firm's R&D investment is endogenous to performance comparisons due to performance feedback from historical and social comparisons. Performance feedback reveals relevant… read more here.
Keywords: performance feedback; performance; negative performance; feedback ... See more keywords