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How the threat of knowledge loss drives firms’ R&D dynamism

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Resumo:Drawing on threat rigidity theory, this paper argues that the threat of knowledgeloss gives rise to a threat rigidity effect in firms’ R&D function, that is, reduces their R&Ddynamism. It further argues that the dampening of R&D dynamism is greater for firms morevulnerable to the threat of knowledge loss due to facing greater product market competition, yetlower for firms that can better respond to the threat due to having relatively higher absorptivecapacity and/or greater financial slack. Using a sample of publicly listed US manufacturingfirms tracked over a 15-year observation period from 1991 to 2015 and leveraging the quasi-natural experiment created by the staggered rejection of the inevitable disclosure doctrine (IDD)across fourteen US states, it empirically tests and finds support for the above hypotheses
Autores principais:Asija, Aman
Outros Autores:Ringov, Dimo
Assunto:Difference-in-differences Inevitable disclosure doctrine Threat of knowledge loss Threat rigidity theory
Ano:2025
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso aberto
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL

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