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

doi:10.1016/j.technovation.2021.102420

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

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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
Article number	102420
Journal	Technovation
Volume	113
Number of pages	13
ISSN	0166-4972
DOIs	https://doi.org/10.1016/j.technovation.2021.102420
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

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Cite this

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

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",

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T1 - The Influence of Performance Feedback and Top Management Team Orientation on Decisions about R&D in Technology-based Firms

AU - Sæmundsson, Rögnvaldur

AU - Candi, Marina

AU - Sigurjonsson, Olaf

N1 - Published online: 24. November 2021.

PY - 2022/5

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N2 - 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

AB - 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

KW - Performance feedback

KW - R&D

KW - Risk-taking

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KW - Risk-taking

KW - Technology-based firms

KW - Top management team orientation

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DO - 10.1016/j.technovation.2021.102420

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