Single Stimuli, Multiple Responses: Performance Feedback and
Firms’ R&D Changes

J 2020

Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes

JIRÁSEK, Michal

Základní údaje

Originální název

Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes

Autoři

JIRÁSEK, Michal (203 Česká republika, garant, domácí)

Vydání

Prague Economic Papers, 2020, 1210-0455

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50204 Business and management

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Impakt faktor

Impact factor: 0.481

Kód RIV

RIV/00216224:14560/20:00116746

Organizační jednotka

Ekonomicko-správní fakulta

DOI

http://dx.doi.org/10.18267/j.pep.734

UT WoS

000564452100001

Klíčová slova anglicky

Behavioral theory of the firm; performance feedback; R&D expense; ROA; US industrial firms

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 12. 4. 2021 12:54, Mgr. Daniela Marcollová

Anotace

V originále

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.

Návaznosti

MUNI/A/0920/2017, interní kód MU

Název: Důsledky zpětné vazby na výkonnost na individuální a podnikové úrovni

Investor: Masarykova univerzita, Důsledky zpětné vazby na výkonnost na individuální a podnikové úrovni, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Přiložené soubory

Single_stimuli_final.pdf

Vyhledat podobné dokumenty

Citovat

JIRÁSEK, Michal. Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes. Prague Economic Papers. 2020, roč. 29, č. 4, s. 381-402. ISSN 1210-0455. Dostupné z: https://dx.doi.org/10.18267/j.pep.734.

@article{1687382,
   author = {Jirásek, Michal},
   article_number = {4},
   doi = {http://dx.doi.org/10.18267/j.pep.734},
   keywords = {Behavioral theory of the firm; performance feedback; R&D expense; ROA; US industrial firms},
   language = {eng},
   issn = {1210-0455},
   journal = {Prague Economic Papers},
   title = {Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes},
   url = {https://pep.vse.cz/artkey/pep-202004-0001_single-stimuli-multiple-responses-performance-feedback-and-firms-8217-r-amp-d-changes.php},
   volume = {29},
   year = {2020}
}

TY  - JOUR
ID  - 1687382
AU  - Jirásek, Michal
PY  - 2020
TI  - Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R&D Changes
JF  - Prague Economic Papers
VL  - 29
IS  - 4
SP  - 381-402
EP  - 381-402
SN  - 12100455
KW  - Behavioral theory of the firm
KW  - performance feedback
KW  - R&D expense
KW  - ROA
KW  - US industrial firms
UR  - https://pep.vse.cz/artkey/pep-202004-0001_single-stimuli-multiple-responses-performance-feedback-and-firms-8217-r-amp-d-changes.php
L2  - https://pep.vse.cz/artkey/pep-202004-0001_single-stimuli-multiple-responses-performance-feedback-and-firms-8217-r-amp-d-changes.php
N2  - 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.
ER  -

JIRÁSEK, Michal. Single Stimuli, Multiple Responses: Performance Feedback and Firms’ R\&{}D Changes. \textit{Prague Economic Papers}. 2020, roč.~29, č.~4, s.~381-402. ISSN~1210-0455. Dostupné z: https://dx.doi.org/10.18267/j.pep.734.

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