Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F20%3A00116746" target="_blank" >RIV/00216224:14560/20:00116746 - isvavai.cz</a>
Result on the web
<a href="https://pep.vse.cz/artkey/pep-202004-0001_single-stimuli-multiple-responses-performance-feedback-and-firms-8217-r-amp-d-changes.php" target="_blank" >https://pep.vse.cz/artkey/pep-202004-0001_single-stimuli-multiple-responses-performance-feedback-and-firms-8217-r-amp-d-changes.php</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.pep.734" target="_blank" >10.18267/j.pep.734</a>
Alternative languages
Result language
angličtina
Original language name
Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes
Original language description
The behavioral theory of the firm assumes that firms react on performance feedback by increasing their search for alternative courses of action. However, the empirical literature is full of contradictory findings. This paper puts forward the idea that at least part of these contradictions can be explained if we can identify groups of firms behaving differently from firms in other groups and theoretical propositions. The paper uses exploratory analysis of US and German industrial firms and changes in R&D expense as their response to financial performance feedback. The cluster analysis of behavioural patterns of these firms results in identifying several behaviourally distinctive groups. The findings support the idea that contradictions in previous studies may partially stem from having a different mix of heterogeneously behaving firms. Also, they point to the proposition that for further understanding of responses to performance feedback, these groups of firms should be analysed separately.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50204 - Business and management
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Prague Economic Papers
ISSN
1210-0455
e-ISSN
2336-730X
Volume of the periodical
29
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
22
Pages from-to
381-402
UT code for WoS article
000564452100001
EID of the result in the Scopus database
2-s2.0-85090536203