Abstract
Firm R&D spending has long played a prominent role in management research. However, concurrently with the profusion of scholarly work on firm R&D spending, researchers across a variety of streams have employed R&D spending to tap into markedly different constructs. This has resulted in a theoretical thicket. In this paper, we hack through this thicket by reviewing and comparing the predictive power of the research traditions on R&D spending as a variable of interest. We find R&D spending to be the most reflective of problemistic and slack search initiated and conducted by a dominant coalition of inside directors based on internal knowledge and information.
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