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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&amp;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