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Strength of the association between R&D volatility and firm growth: The roles of corporate governance and tangible asset volatility

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  • Patel, Pankaj C.
  • Guedes, Maria João
  • Soares, Nuno
  • da Conceição Gonçalves, Vítor

Abstract

We investigate the complementary roles of corporate governance; property, plant, and equipment (PPE) volatility; and intangible asset volatility in improving the returns from R&D volatility. With increasing R&D volatility, corporate governance can help align divergent goals and heterogeneous resources both internally and externally. PPE volatility or intangible asset volatility could help synchronize asset turnover with R&D volatility. The findings show that corporate governance and PPE volatility complement R&D volatility in improving a firm's performance.

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  • Patel, Pankaj C. & Guedes, Maria João & Soares, Nuno & da Conceição Gonçalves, Vítor, 2018. "Strength of the association between R&D volatility and firm growth: The roles of corporate governance and tangible asset volatility," Journal of Business Research, Elsevier, vol. 88(C), pages 282-288.
    • Handle: RePEc:eee:jbrese:v:88:y:2018:i:c:p:282-288
    DOI: 10.1016/j.jbusres.2017.12.033
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