IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i4p3494-d1068129.html
   My bibliography  Save this article

A Two-Stage Bilateral Matching Study of Teams-Technology Talents in New R&D Institutions Based on Prospect Theory

Author

Listed:
  • Lin Jiang

    (School of Information Engineering, Yancheng Teachers University, Yancheng 224002, China)

  • Biyun Chen

    (School of Information Engineering, Yancheng Teachers University, Yancheng 224002, China)

Abstract

This study considers two-stage bilateral matching of teams and scientific and technological talents in new R&D organizations and proposes a two-stage dual-objective bilateral matching method based on prospect theory. The matching of teams and scientific and technological talent in new R&D institutions is divided into two stages: elimination matching in the first stage and selection matching in the second stage. In the first stage, the evaluation index of the team to talent and the cost index of talent are constructed, the dual reference points of peer and expectation are set for evaluating talent, and the bottom-line reference points are set for talent cost. The comprehensive prospect value in the first stage is calculated based on prospect theory, and the matching in the first stage is completed based on the dual-objective optimization model with the highest evaluation value and the lowest cost value. In the second stage, using the matching results of the first stage, the team evaluates the talent again, while the talent ranks the team to obtain the satisfaction value, and completes the second stage of bilateral matching based on prospect theory and the dual-objective optimization model with the highest evaluation value and the highest satisfaction value. Finally, a case study and method comparison show that the proposed method is feasible and effective.

Suggested Citation

  • Lin Jiang & Biyun Chen, 2023. "A Two-Stage Bilateral Matching Study of Teams-Technology Talents in New R&D Institutions Based on Prospect Theory," Sustainability, MDPI, vol. 15(4), pages 1-27, February.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:4:p:3494-:d:1068129
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/4/3494/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/4/3494/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thomas P. Moliterno & Nikolaus Beck & Christine M. Beckman & Mark Meyer, 2014. "Knowing Your Place: Social Performance Feedback in Good Times and Bad Times," Organization Science, INFORMS, vol. 25(6), pages 1684-1702, December.
    2. Abramo, Giovanni & D’Angelo, Ciriaco Andrea & Di Costa, Flavia, 2019. "When research assessment exercises leave room for opportunistic behavior by the subjects under evaluation," Journal of Informetrics, Elsevier, vol. 13(3), pages 830-840.
    3. Rajshree Agarwal & Serguey Braguinsky & Atsushi Ohyama, 2020. "Centers of gravity: The effect of stable shared leadership in top management teams on firm growth and industry evolution," Strategic Management Journal, Wiley Blackwell, vol. 41(3), pages 467-498, March.
    4. Ranadeb Chaudhuri & Zoran Ivković & Joshua Pollet & Charles Trzcinka, 2020. "A Tangled Tale of Training and Talent: PhDs in Institutional Asset Management," Management Science, INFORMS, vol. 66(12), pages 5623-5647, December.
    5. Guoli Chen & Sterling Huang & Philipp Meyer‐Doyle & Denisa Mindruta, 2021. "Generalist versus specialist CEOs and acquisitions: Two‐sided matching and the impact of CEO characteristics on firm outcomes," Strategic Management Journal, Wiley Blackwell, vol. 42(6), pages 1184-1214, June.
    6. Yutao Sun & Cong Cao, 2020. "The dynamics of the studies of China’s science, technology and innovation (STI): a bibliometric analysis of an emerging field," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1335-1365, August.
    7. Pavlos Eirinakis & Dimitrios Magos & Ioannis Mourtos & Panayiotis Miliotis, 2012. "Finding All Stable Pairs and Solutions to the Many-to-Many Stable Matching Problem," INFORMS Journal on Computing, INFORMS, vol. 24(2), pages 245-259, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gregorio González-Alcaide, 2021. "Bibliometric studies outside the information science and library science field: uncontainable or uncontrollable?," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(8), pages 6837-6870, August.
    2. Ling, Aifan & Huang, Xinrui & Ling, Boya (Vivye), 2022. "Fund immunity to the COVID-19 pandemic: Evidence from Chinese equity funds," The North American Journal of Economics and Finance, Elsevier, vol. 63(C).
    3. Bettina Klaus & David F. Manlove & Francesca Rossi, 2014. "Matching under Preferences," Cahiers de Recherches Economiques du Département d'économie 14.07, Université de Lausanne, Faculté des HEC, Département d’économie.
    4. Daniel A. Levinthal & Claus Rerup, 2021. "The Plural of Goal: Learning in a World of Ambiguity," Organization Science, INFORMS, vol. 32(3), pages 527-543, May.
    5. Maloney,William F. & Zambrano,Andrés, 2021. "Learning to Learn : Experimentation, Entrepreneurial Capital, and Development," Policy Research Working Paper Series 9890, The World Bank.
    6. Alderman, Jillian & Forsyth, Joetta & Griffy-Brown, Charla & Walton, Richard C., 2022. "The benefits of hiring a STEM CEO: Decision making under innovation and real options," Technology in Society, Elsevier, vol. 71(C).
    7. Kallias, Antonios & Kallias, Konstantinos & Tsalkamas, Ioannis & Zhang, Song, 2023. "One size does not fit all: The conditional role of CEO education on IPO performance," Journal of Business Research, Elsevier, vol. 157(C).
    8. Baghdadi, Ghasan A. & Safiullah, Md & Heyden, Mariano L.M., 2023. "Do gender diverse boards enhance managerial ability?," Journal of Corporate Finance, Elsevier, vol. 79(C).
    9. Matteo Prato & Fabrizio Ferraro, 2018. "Starstruck: How Hiring High-Status Employees Affects Incumbents’ Performance," Organization Science, INFORMS, vol. 29(5), pages 755-774, October.
    10. Abramo, Giovanni & D'Angelo, Ciriaco Andrea & Grilli, Leonardo, 2021. "The effects of citation-based research evaluation schemes on self-citation behavior," Journal of Informetrics, Elsevier, vol. 15(4).
    11. Serguey Braguinsky & Atsushi Ohyama & Tetsuji Okazaki & Chad Syverson, 2021. "Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan's Early Industrialization," American Economic Review, American Economic Association, vol. 111(12), pages 3795-3826, December.
    12. André, Kévin & Cho, Charles H. & Laine, Matias, 2018. "Reference points for measuring social performance: Case study of a social business venture," Journal of Business Venturing, Elsevier, vol. 33(5), pages 660-678.
    13. Vera Rocha & Luca Grilli, 2024. "Early-stage start-up hiring: the interplay between start-ups’ initial resources and innovation orientation," Small Business Economics, Springer, vol. 62(4), pages 1641-1668, April.
    14. Hai Huang & Shengbin Hao & Yu Chen, 2023. "The more the better? Service transition for shaping sustainable development in manufacturing firms and the role of top management team attributes," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 3255-3270, November.
    15. Yao, Wenyun & Yang, Hang & Shi, Xiulian & Song, Zilong, 2024. "Top management team stability and debt concentration," International Review of Financial Analysis, Elsevier, vol. 91(C).
    16. Lanza, Andrea & Simone, Giuseppina & Bruno, Randolph, 2016. "Resource orchestration in the context of knowledge resources acquisition and divestment. The empirical evidence from the Italian “Serie A” football," European Management Journal, Elsevier, vol. 34(2), pages 145-157.
    17. Graham N. S. Miller, 2020. "I’ll Know One When I See It: Using Social Network Analysis to Define Comprehensive Institutions Through Organizational Identity," Research in Higher Education, Springer;Association for Institutional Research, vol. 61(1), pages 51-87, February.
    18. Giovanni Abramo & Ciriaco Andrea D’Angelo & Myroslava Hladchenko, 2023. "Assessing the effects of publication requirements for professorship on research performance and publishing behaviour of Ukrainian academics," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(8), pages 4589-4609, August.
    19. van den Oever, Koen, 2017. "Uncharted waters : A behavioral approach to when, why and which organizational changes are adopted," Other publications TiSEM 0136c8c2-ecdd-4f82-8ca7-d, Tilburg University, School of Economics and Management.
    20. Robert A. Buckle & John Creedy, 2022. "Methods to evaluate institutional responses to performance‐based research funding systems," Australian Economic Papers, Wiley Blackwell, vol. 61(3), pages 615-634, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:4:p:3494-:d:1068129. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.