Proactive R&D management and firm growth: A punctuated equilibrium model

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Intellectual Capital, Financial Performance and Companies’ Sustainable Growth: Evidence from the Korean Manufacturing Industry (2018, background): “Mudambi and Swift [60] and Demir and Tolga [61] reported that R&D expenditure volatility is positively related to firm growth.”
Doing More with Less: Innovation Input and Output in Family Firms (2016, background): “…more promising projects; political turmoil among middle managers can delay the implementation of innovation projects (Kanter, 1983; Shane, Venkataraman, & MacMillan, 1995); and lavish use of the granted resources can introduce substantial inefficiencies into the process (Mudambi & Swift, 2011).”
EMNE catch‐up strategies in the wind turbine industry: Is there a trade‐off between output and innovation capabilities? (2012, background): “However, similar to the trade-off between exploration and exploitation (March, 1991; Gupta, Smith, and Shalley, 2006; Mudambi and Swift, 2011), there is an inherent trade-off between innovation and output capabilities that has direct implications for the breadth versus depth of firms’ knowledge…”