How negative aspiration performance gaps affect innovation efficiency

By taking insights from the behavioral theory, this study analyzes how performing below aspiration levels influences innovation efficiency. Furthermore, this research analyzes whether firms respond differently to performance pressures depending on certain factors at the organizational level, such as...

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Bibliographic Details
Published in:Small business economics 2020-01, Vol.54 (1), p.209-233
Main Authors: Manzaneque, Montserrat, Rojo-Ramírez, Alfonso A., Diéguez-Soto, Julio, Martínez-Romero, Maria J.
Format: Article
Language:English
Subjects:
Behavior
Business and Management
Contingencies
Conversion
Efficiency
Entrepreneurship
Industrial Organization
Innovations
Management
Manufacturing
Microeconomics
Panel data
Small business
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Summary:By taking insights from the behavioral theory, this study analyzes how performing below aspiration levels influences innovation efficiency. Furthermore, this research analyzes whether firms respond differently to performance pressures depending on certain factors at the organizational level, such as financial slack and family management. Conducting a panel data analysis on 3116 observations of Spanish manufacturing firms over the 2001–2013 period, we find that performing below aspiration levels improves the firm’ sconversion rate of innovation efficiency in both the short and the long term. Furthermore, this study confirms that two contingencies, namely the levels of financial slack and family management, are quite relevant towards gaining a full understanding of the complex nuances associated with the investigated core relationship.
ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-018-0091-8