Corporate boards’ and firms’ R&D responses to performance feedback

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Corporate boards’ and firms’ R&D responses to performance feedback

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Corporate boards’ and firms’ R&D responses to performance feedback

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Strategy and Management

ISSN

1755-425X

e-ISSN

1755-425X

Svazek periodika

16

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

13

Strana od-do

173-185

Kód UT WoS článku

000718366700001

EID výsledku v databázi Scopus

2-s2.0-85118897387