Find and Replace: R&D Investment Following the Erosion of Existing Products

• Joshua L. Krieger

  Joshua L. Krieger

  [email protected]

  https://orcid.org/0000-0001-8338-4668

  Harvard Business School, Harvard University, Boston, Massachusetts 02163

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• Xuelin Li

  Xuelin Li

  [email protected]

  https://orcid.org/0000-0002-3491-1393

  Department of Finance, Darla Moore School of Business, University of South Carolina, Columbia, South Carolina 29208

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• Richard T. Thakor

  Richard T. Thakor

  [email protected]

  https://orcid.org/0000-0001-6636-6302

  Finance department, Carlson School of Management, University of Minnesota, Minneapolis, Minnesota 55455MIT Laboratory for Financial Engineering, Cambridge, Massachusetts 02142

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