“…The characteristics of the founders among the newly listed firms in emerging economies, in particular their ability to deploy resources skillfully and their social ties, offer an interesting setting in which to investigate the slack-R&D relationship. Being the creator of the firm, the founder plays an essential role in constructing the initial structure of the firm, gathering resources, and implementing strategies (Abebe, Li, Acharya, & Daspit, 2020;Honjo & Kato, 2022;Jaskiewicz, Block, Miller, & Combs, 2017;Meier & Schier, 2022;Nelson, 2003;Wasserman, 2017). Compared to top executives in established firms where R&D activities are constrained by the organisational routines, the founder is more deeply involved in the firm's resource-gathering activities and has greater discretion in the deployment of resources (Lee, Yoon, & Boivie, 2020;Teng, Li, & Tanna, 2022).…”