政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/104672

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109953/140892 (78%)
Visitors : 46228919 Online Users : 1030

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 會計學系 > 期刊論文 > Item 140.119/104672

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/104672

Title:	How do slack resources affect the relationship between R
Authors:	李佳玲;吳徐哲
Contributors:	會計系
Date:	2016-10
Issue Date:	2016-12-08 15:07:08 (UTC+8)
Abstract:	Research and development (R&D) investment affects future operating earnings. Behavioral theory claims that slack resources benefit innovation, whereas agency theory argues that they represent a form of inefficiency and inhibit innovation. This paper thus examines how slack resources affect the relationship between R&D investments and firm performance based on two dimensions of R&D: R&D capital and R&D expenses. R&D capital captures long-term R&D investment, whereas R&D expenses represent R&D investment in the current year. This study is undertaken in Taiwan using a large 5-year dataset within high-tech industries. Slack resources are broadly classified into absorbed slack with low managerial discretion and unabsorbed slack with high managerial discretion. We find that absorbed slack negatively affects the relationship between R&D investments and performance, as proposed by agency theory. We further find that unabsorbed slack has a slightly curvilinear effect on the positive relationship between R&D capital and firm performance. The proposal of behavioral theory thus is more valid when focusing on unabsorbed slack resources. Our findings suggest that it is necessary to identify the types of slack and R&D investments that are being considered when discussing the impacts of R&D investment on performance.
Relation:	R&D management, Vol.46, No.S3, pp.958-978
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/radm.12141
DOI:	10.1111/radm.12141
Appears in Collections:	[會計學系] 期刊論文

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML2	717	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...