Corporate boards’ and firms’ R&D responses to performance feedback
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F23%3A00129922" target="_blank" >RIV/00216224:14560/23:00129922 - isvavai.cz</a>
Result on the web
<a href="https://www.emerald.com/insight/content/doi/10.1108/JSMA-06-2021-0132/full/html" target="_blank" >https://www.emerald.com/insight/content/doi/10.1108/JSMA-06-2021-0132/full/html</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1108/JSMA-06-2021-0132" target="_blank" >10.1108/JSMA-06-2021-0132</a>
Alternative languages
Result language
angličtina
Original language name
Corporate boards’ and firms’ R&D responses to performance feedback
Original language description
Purpose – A firm will respond to performance feedback, i.e. a comparison of its current performance with the goals to which it aspires, by means of changes in its search activity. There is an emerging body of literature that studies how such behavioral responses are shaped by important decision-makers inside firms. The study focuses on the corporate board – one of the most influential decision-making groups in terms of strategy. More specifically, the study aims to study the moderation effect of the size, turnover and age diversity of the board. Design/methodology/approach – The sample is based on the largest listed German automobile and manufacturing firms followed between the years 2001 and 2015. The sample is analyzed using fixed-effects panel data models. Findings – The findings indicate that the age diversity of the corporate board and, partially, also the turnover of its members moderate firms’ responsiveness to performance feedback. On the other hand, the size of the board does not seem to play a role. The study, therefore, supports the notion of taking into account the characteristics of the corporate board when analyzing strategic decision-making and points to areas for further research. Originality/value – The study contributes to the literature by empirically testing the moderating effect of three characteristics of corporate boards that have not been largely tested in the literature to date.
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
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Strategy and Management
ISSN
1755-425X
e-ISSN
1755-425X
Volume of the periodical
16
Issue of the periodical within the volume
1
Country of publishing house
GB - UNITED KINGDOM
Number of pages
13
Pages from-to
173-185
UT code for WoS article
000718366700001
EID of the result in the Scopus database
2-s2.0-85118897387