Performance feedback and firms search behaviors: Role of corporate governance in companies around the world

IF 3.8 4区管理学 Q2 BUSINESS

Brq-Business Research Quarterly Pub Date : 2023-03-30 DOI:10.1177/23409444231164427

R. DasGupta, Sibanjan Mishra

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引用次数: 1

Abstract

Research on firm’s motivation to undertake search behaviors in situations of positive and negative performance feedback is limited in empirical literature. In addition, the role of institutionalized corporate governance mechanisms in mediating firm’s aspiration-driven search behaviors is yet to be explored. Therefore, this study aims at examining whether firms around the world facing positive and negative performance feedback undertake different search behaviors. Furthermore, we test whether firm’s corporate governance mechanisms strengthen such search behaviors. This study reports that negative performance feedback positively influences firm problem-driven search behaviors, whereas positive performance feedback positively impacts its innovative search behaviors. Furthermore, we find a significant negative moderating influence of board strength, while a mixed positive influence of board effectiveness on firm performance feedback to carry out distinctive search behaviors. Therefore, we think that these findings would help the regulators and policy makers to strengthen their existing corporate governance mechanisms and regulations. JEL CLASSIFICATION: G30, G32, G34

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绩效反馈与公司搜索行为:公司治理在全球公司中的作用

实证文献对企业在积极和消极绩效反馈情况下进行搜索行为动机的研究有限。此外，制度化的公司治理机制在中介企业愿望驱动的搜索行为中的作用还有待探讨。因此，本研究旨在考察世界各地面临积极和消极绩效反馈的公司是否会采取不同的搜索行为。进一步，我们检验了公司治理机制是否强化了这种搜索行为。负性绩效反馈对企业问题驱动型搜索行为有正向影响，而正性绩效反馈对企业创新型搜索行为有正向影响。此外，我们发现董事会力量对企业绩效反馈有显著的负向调节作用，而董事会有效性对企业绩效反馈有混合的正向调节作用。因此，我们认为这些研究结果将有助于监管机构和政策制定者加强现有的公司治理机制和监管。凝胶分类:g30、g32、g34

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

Brq-Business Research Quarterly Multiple-

CiteScore

7.50

自引率

6.90%

发文量