Sink or swim in the R&D pool: the relationship between peer density and streamlining
Xin Pan,
Xuanjin Chen,
Shumin Qiu
Abstract:Our study explores the strategic reduction of firms' R&D investment, focusing on ‘peer R&D density’ as a main factor. This concept reflects the level of R&D engagement among competing firms. Based on organisational ecology theory, we find a U‐shaped relationship between peer R&D density and R&D streamlining, driven by legitimacy and competition resulting from high peer density. Furthermore, we examine how state ownership moderates this relationship. Using data from Chinese listed firms betw… Show more
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