D 2019

Grow up to be Different: Firm Responses to Performance Feedback over Their Life Cycle

JIRÁSEK, Michal a Mariko UENO

Základní údaje

Originální název

Grow up to be Different: Firm Responses to Performance Feedback over Their Life Cycle

Autoři

JIRÁSEK, Michal (203 Česká republika, garant, domácí) a Mariko UENO (392 Japonsko, domácí)

Vydání

Reading, Proceedings of the 14th European Conference on Innovation and Entrepreneurship ECIE 2019, od s. 1229-1234, 6 s. 2019

Nakladatel

Academic Conferences and Publishing International

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50204 Business and management

Stát vydavatele

Velká Británie a Severní Irsko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

Kód RIV

RIV/00216224:14560/19:00110889

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-1-912764-34-1

ISSN

DOI

Klíčová slova anglicky

R&D investment; performance feedback; organizational life cycle; manufacturing firms
Změněno: 11. 5. 2020 14:06, Mgr. Pavel Sedláček

Anotace

V originále

Investment in research and development projects has the potential of bringing advantages to the firm after the project is finished. These long-term benefits are on the other hand counterbalanced by short-term costs of running projects. The bet on a future innovation is always uncertain, and it takes several years before it will be clear whether it turned out into a gain or a loss. Nevertheless, the question of whether the firm considers such a bet worthwhile may be shaped a priori by its situation. The literature on performance feedback theory generally considers investment in research and development as a response to unsatisfactory performance, i.e., it assumes that the firm attempts to solve its performance problems via investment. On the other hand, some studies point to moderating role of slack resources, proximity to bankruptcy and other factors that shape firms’ preferences of more or fewer investments in response to negative performance feedback. In our research, we propose that these preferences are much shaped by the firm’s life cycle stage, which is beside other factors characterized by differences in above-mentioned moderators. In this sense, we assume that firms’ responses to performance feedback differ systematically, which may explain contradictory findings we currently observe across empirical studies based on the performance feedback theory. Using a sample of U.S. industrial firms, the most commonly studied population in the literature, we show how firms’ responses are shaped by life cycle stages they are currently in. The findings have considerable implications for the study of firm strategic behavior. First, they help to explain when and why some firms see research and development as a potential solution for unsatisfactory performance; while other firms in the same situation see it as a good target for cost-cutting. Second, they help in reconciling contradictory findings of the empirical studies in the performance feedback literature.

Návaznosti

MUNI/A/1148/2018, interní kód MU
Název: Faktory ovlivňující rozhodování stakeholderů: Experimenty
Investor: Masarykova univerzita, Faktory ovlivňující rozhodování stakeholderů: Experimenty, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty