Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2020
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Prague Economic Papers
ISSN
1210-0455
e-ISSN
2336-730X
Svazek periodika
29
Číslo periodika v rámci svazku
4
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
22
Strana od-do
381-402
Kód UT WoS článku
000564452100001
EID výsledku v databázi Scopus
2-s2.0-85090536203