| Summary: | 碩士 === 國立成功大學 === 企業管理學系碩博士班 === 94 === Research and development (R&D) has assumed a key functional role in many firms but there is no easy way to achieve sustained innovation success. Previous research has shown that persistence is beneficial. Thus, the primary goal of this study is to investigate the relationship between organizational slack and firm’s R&D persistence. Institutional differences of corporate governance will also be examined. Besides, we compare the predictive power of (1) contingency models which explore how a firm’s environmental dynamism moderates the relationship between organizational slack and firm’s R&D persistence. (2) Configuration models which assess the combined effects of slack, environment, and institution on firm’s R&D persistence. This study use R&D-active firms adopted from the 1999-2003 R&D Scoreboard published annually by the British government (Ministry of Trades and Industries). Final samples are 402.
The result of this study shows that there is a U-shape relationship between high-discretion slack and firm’s R&D persistence. Firms in the bank-based system (such as Japan or Germany) are more likely to have higher R&D persistence than those in the market-based system (such as the United States or United Kingdom). Environmental dynamism will positively moderate the impact of organizational slack on R&D persistence. When subject to a more dynamic environment, firms with higher level of slack will lead to higher R&D persistence. Among firms subject to more dynamic environment, higher level of slack in the market-based system will be associated with higher R&D persistence.
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