Negative performance feedback, CEO tenure, and punctuated equilibrium innovation

被引：36

作者：

Chen, Weihong ^{[1
]}

Zhong, Xi ^{[2
]}

Lv, David Diwei ^{[3
,4
]}

机构：

[1] Guangxi Univ, Sch Econ, 100 Daxue East Rd, Nanning 530004, Guangxi, Peoples R China

[2] Guangdong Univ Technol, Sch Management, 161 Yinglong Rd, Guangzhou 510520, Guangdong, Peoples R China

[3] Sun Yat Sen Univ, Sch Business, 135 Xingang West Rd, Guangzhou 510275, Guangdong, Peoples R China

[4] Hong Kong Polytech Univ, Inst Text & Clothing, Business Div, Hung Hom,Kowloon, Hong Kong, Peoples R China

来源：

R & D MANAGEMENT | 2022年 / 52卷 / 03期

基金：

中国国家自然科学基金;

关键词：

BEHAVIORAL-THEORY; ORGANIZATIONAL AMBIDEXTERITY; DEVELOPMENT EXPENDITURES; FIRM INNOVATION; EXPLORATION; EXPLOITATION; INVESTMENT; CHINA;

D O I：

10.1111/radm.12501

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on the insights of the behavioral theory of the firm and the agency theory, we explore the impact of negative performance feedback (NPF) on the dynamic equilibrium between exploitative and exploratory innovation. Using the 2007-2020 listed Chinese A-share high-tech manufacturing companies as a research sample, our study finds that NPF has a significant positive impact on the punctuated equilibrium innovation of firms. Moreover, we find that the chief executive officer's (CEO) existing tenure weakens the above-mentioned relationship, whereas CEO's expected tenure strengthens it.

引用

页码：564 / 576

页数：13

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