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Situational and institutional determinants of firms' R&D search intensity

Chen, Wei‐Ru, Miller, Kent D.·2007·Strategic Management Journal

Abstract

Our theory extends the situational considerations explaining firm R&D search intensity beyond the behavioral theory of the firm by including shifts in the focus of attention among bankruptcy, aspirations, and slack. We also allow that search can reflect institutionalized investment patterns within firms and industries. We find stable firm‐specific R&D investment patterns (i.e., institutionalized search) and variations in R&D intensity depending on firms' situations—including performance relative to aspirations, proximity to bankruptcy, and slack. Our empirical results evidence shifts in the focus of attention relevant to explaining R&D search intensity for subsamples of firms in different situations. Copyright © 2007 John Wiley & Sons, Ltd.

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Metadata

Authors
Chen, W., & Miller, K. D.
Venue
Strategic Management Journal
Publisher
Wiley
Published
2007-02-05
Volume
28
Issue
4
Pages
369-381
ISSN
  • 0143-2095 (ISSN-L)
  • 1097-0266
OpenAlex
W1987235763
Cited by
708
References
49
FWCI
19.81
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Situational and institutional determinants of firms' R&D search intensity. https://app.cochat.ai/papers/10.1002/smj.594
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Chen, W., & Miller, K. D. (2007). Situational and institutional determinants of firms' R&D search intensity. Strategic Management Journal. https://doi.org/10.1002/smj.594

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.