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The influence of performance feedback and top management team orientation on decisions about R&D in technology-based firms

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  • Saemundsson, Rögnvaldur
  • Candi, Marina
  • Sigurjonsson, Throstur Olaf

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.

Suggested Citation

  • Saemundsson, Rögnvaldur & Candi, Marina & Sigurjonsson, Throstur Olaf, 2022. "The influence of performance feedback and top management team orientation on decisions about R&D in technology-based firms," Technovation, Elsevier, vol. 113(C).
    • Handle: RePEc:eee:techno:v:113:y:2022:i:c:s0166497221002017
    DOI: 10.1016/j.technovation.2021.102420
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