The Influence of Performance Feedback and Top Management Team Orientation on Decisions about R&D in Technology-based Firms

Rögnvaldur Sæmundsson*, Marina Candi*, Olaf Sigurjonsson

*Corresponding author for this work

Research output: Contribution to journalJournal articlepeer-review

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 languageEnglish
Article number102420
JournalTechnovation
Number of pages13
ISSN0166-4972
DOIs
Publication statusPublished - 24 Nov 2021

Bibliographical note

Epub ahead of print. Published online: 24. November 2021

Keywords

  • Performance feedback
  • R&D
  • Risk-taking
  • Technology-based firms
  • Top management team orientation

Cite this