The influence of performance feedback and top management team orientation on decisions about R&D in technology-based firms

Rögnvaldur Saemundsson, Marina Candi and Throstur Olaf Sigurjonsson

Technovation, 2022, vol. 113, issue C

Abstract: The purpose of this work is to investigate the influence of performance feedback on decisions about R&D—more specifically R&D intensity and R&D direction, ranging from exploitation to exploration—and how this varies depending on top management team orientation. Using panel data collected from a large sample of technology-based firms over nine years, hypotheses about how the relationship between performance feedback and decisions about R&D are moderated by the technology orientation of top management teams are tested. Overall, the findings support the basic premises put forth, namely that top management team orientation influences decisions about R&D in response to performance feedback. This sheds new light on our understanding of the relationship between performance feedback and decisions about R&D in technology-based firms.

Keywords: Performance feedback; R&D; Risk-taking; Technology-based firms; Top management team orientation (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:113:y:2022:i:c:s0166497221002017

DOI: 10.1016/j.technovation.2021.102420

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