R&D investment under the influence of board characteristics and performance feedback

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00095916" target="_blank" >RIV/00216224:14560/17:00095916 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
R&D investment under the influence of board characteristics and performance feedback
Original language description
Performance feedback process assumed by the behavioral theory of the firm has been studied in numerous studies and its influence on firms’ R&D expenditures has been confirmed. It supposes that a firm pays attention to certain aspiration levels – comprising a firm historical performance and performance of its peers. When this level is not attained, a firm is motivated towards change, which is often translated as an increase in R&D spending. However, performance feedback is clearly not the only one of the possible factors affecting firms’ short term behavior. In this paper, it is argued that board characteristics – notably board size, age of its members and board turnover – and their changes can influence yearly differences in R&D spending as well. This paper studies joint influence of performance feedback process and board characteristics on a sample of large German industrial firms listed on exchange markets.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 5th International Conference on Management, Leadership and Governance (ICMLG 2017)
ISBN
9781911218272
ISSN
2049-6818
e-ISSN
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Number of pages
8
Pages from-to
487-494
Publisher name
Academic Conferences and Publishing International Limited
Place of publication
Reading
Event location
Johannesburg
Event date
Jan 1, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000404892000060

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