Managerial Discretion: The Relationship Between Investments in R & D and Performance -Revisited: Case of Tunisian Enterprises

Q1 Social Sciences
Dorsaf Bentaleb Sfar
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引用次数: 0

Abstract

This article proposes a re-reading of the role of R & D investments in the performance equation when a manifestation of an opportunistic inclination on the part of managers occurs. Often, the manager and the owners express different expectations regarding investment choices in R & D. Although shareholders are looking for performance, the manager sometimes has a tendency to broaden his managerial discretion. The choice of R & D investments could thus reinforce managerial entrenchment. We will demonstrate the moderation exercised by managerial discretion on the R & D / Performance relationship. Our empirical validation will be put to examination against the Tunisian context by deploying various tests. We come to grips with the characteristics of the Tunisian context through an empirical study of 75 companies observed over a 7 -year time lapse, i.e. from 2008 to 2014. The explanatory analysis was an opportunity to highlight the existence of a moderation exercised over the main relationship dealt with.
管理自由裁量权:研发投资与绩效的关系——再考察:突尼斯企业的案例
本文建议重新解读当管理者表现出机会主义倾向时,研发投资在绩效等式中的作用。通常,管理者和所有者对研发的投资选择表达不同的期望。尽管股东追求的是业绩,但管理者有时倾向于扩大其管理自由裁量权。因此,选择研发投资可能会加强管理上的防御。我们将论证管理自由裁量权对研发/绩效关系的调节作用。我们的经验验证将通过部署各种测试来针对突尼斯的情况进行检查。我们通过对75家公司进行了为期7年的实证研究,即从2008年到2014年,来掌握突尼斯背景的特征。解释性分析是一个机会,可以突出对所处理的主要关系存在一种节制。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
The Journal of Men's Studies
The Journal of Men's Studies Social Sciences-Cultural Studies
CiteScore
3.00
自引率
0.00%
发文量
26
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