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
Original language | English |
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Article number | 102420 |
Journal | Technovation |
Volume | 113 |
Number of pages | 13 |
ISSN | 0166-4972 |
DOIs | |
Publication status | Published - May 2022 |
Bibliographical note
Published online: 24. November 2021.Keywords
- Performance feedback
- R&D
- Risk-taking
- Technology-based firms
- Top management team orientation