Performance Feedback and Innovative Search Strategies: An Integrative Perspective of Motivation and Capacity for Risk Taking

IF 4.5 2区管理学 Q1 BUSINESS

British Journal of Management Pub Date : 2024-01-22 DOI:10.1111/1467-8551.12794

Zhiqun Zhang, Xin Gu, Xue Yang

{"title":"Performance Feedback and Innovative Search Strategies: An Integrative Perspective of Motivation and Capacity for Risk Taking","authors":"Zhiqun Zhang, Xin Gu, Xue Yang","doi":"10.1111/1467-8551.12794","DOIUrl":null,"url":null,"abstract":"<p>Innovative search is a critical component of strategic decision making, and its different dimensions convey various levels of risk. Prior research on the behavioural theory of the firm has focused on motivation logic or capacity logic to predict the effects of performance feedback on risk taking but has paid limited attention to their joint effects. To construct a comprehensive framework in the behavioural theory of the firm, we consider both motivation and capacity logic to analyse the impact of performance feedback on risk taking. We argue that underperformance feedback positively affects innovative search scope and that overperformance feedback entails a U-shaped relationship with innovative search scope, while innovative search depth shows the opposite trend. Using a unique dataset consisting of 9,730 firm-year observations of 2,102 Chinese listed firms from 2008 to 2018, we conduct fixed-effect regression analyses to test our hypotheses and find support for most theoretical predictions. We also identify the boundary roles of environmental dynamism. This study contributes to the literature on the behavioural theory of the firm by predicting innovative search strategies using a consistent and integrative framework.</p>","PeriodicalId":48342,"journal":{"name":"British Journal of Management","volume":null,"pages":null},"PeriodicalIF":4.5000,"publicationDate":"2024-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"British Journal of Management","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1467-8551.12794","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Innovative search is a critical component of strategic decision making, and its different dimensions convey various levels of risk. Prior research on the behavioural theory of the firm has focused on motivation logic or capacity logic to predict the effects of performance feedback on risk taking but has paid limited attention to their joint effects. To construct a comprehensive framework in the behavioural theory of the firm, we consider both motivation and capacity logic to analyse the impact of performance feedback on risk taking. We argue that underperformance feedback positively affects innovative search scope and that overperformance feedback entails a U-shaped relationship with innovative search scope, while innovative search depth shows the opposite trend. Using a unique dataset consisting of 9,730 firm-year observations of 2,102 Chinese listed firms from 2008 to 2018, we conduct fixed-effect regression analyses to test our hypotheses and find support for most theoretical predictions. We also identify the boundary roles of environmental dynamism. This study contributes to the literature on the behavioural theory of the firm by predicting innovative search strategies using a consistent and integrative framework.

查看原文本刊更多论文

绩效反馈与创新搜索策略：动机与风险承担能力的综合视角

创新探索是战略决策的一个重要组成部分，其不同层面传递着不同程度的风险。以往关于企业行为理论的研究主要从动机逻辑或能力逻辑来预测绩效反馈对风险承担的影响，但对它们的共同影响关注有限。为了构建企业行为理论的综合框架，我们同时考虑了动机逻辑和能力逻辑，以分析绩效反馈对风险承担的影响。我们认为，绩效反馈不足会对创新搜索范围产生积极影响，而绩效反馈过度会与创新搜索范围形成 U 型关系，而创新搜索深度则呈现相反的趋势。我们使用一个独特的数据集，该数据集由 2008 年至 2018 年期间 2102 家中国上市公司的 9730 个公司年观测值组成，我们通过固定效应回归分析来检验我们的假设，并发现大多数理论预测都得到了支持。我们还确定了环境动力的边界作用。本研究通过使用一致的整合框架预测创新搜索策略，为企业行为理论文献做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

British Journal of Management Multiple-

CiteScore

10.00

自引率

12.50%

发文量

期刊介绍： The British Journal of Management provides a valuable outlet for research and scholarship on management-orientated themes and topics. It publishes articles of a multi-disciplinary and interdisciplinary nature as well as empirical research from within traditional disciplines and managerial functions. With contributions from around the globe, the journal includes articles across the full range of business and management disciplines. A subscription to British Journal of Management includes International Journal of Management Reviews, also published on behalf of the British Academy of Management.