KLI

문제해결형 탐색의 차별적 효과에 대한 탐구: 최고경영진의 임금 격차와 장기 인센티브의 조절효과

Metadata Downloads
Abstract
A behavioral theory of the firm provides insights into organizational search based on performance feedback. The prior studies have suggested that if a firm’s performance falls below aspiration levels, the firm is engaged in R&D investment as part of problemistic search. Although providing a useful view of organizational search behavior, existing research has limitations in shedding light on firms’ heterogeneity in problemistic search. In this respect, we posit that the differential effect of negative performance feedback on R&D investment is mainly derived from TMT compensation system. Specifically, this study predicts that depending on TMT pay gap, the positive relationship between negative performance feedback and R&D investment will differ. This study also suggests that as TMT incentive is long-term oriented, R&D investment as problemistic search will be strengthened. To test our hypotheses, we conduct an empirical analysis using firms in the U.S. machinery/computer equipment industry from 2000 to 2018. We find that the larger the TMT pay gap, the weaker the positive relationship between negative performance feedback and R&D investment, while the larger the long-term oriented TMT incentives, the stronger the positive link between negative performance feedback and R&D investment. We then discuss theoretical and practical implications of the results.
Author(s)
강진아공현식이주일
Issued Date
2021
Type
Article
Keyword
Problemistic searchR&D investmentTMTPay dispersionLong-term incentive
DOI
10.17287/kmr.2021.50.4.1129
URI
https://oak.ulsan.ac.kr/handle/2021.oak/9313
https://ulsan-primo.hosted.exlibrisgroup.com/primo-explore/fulldisplay?docid=TN_cdi_nrf_kci_oai_kci_go_kr_ARTI_9854343&context=PC&vid=ULSAN&lang=ko_KR&search_scope=default_scope&adaptor=primo_central_multiple_fe&tab=default_tab&query=any,contains,%EB%AC%B8%EC%A0%9C%ED%95%B4%EA%B2%B0%ED%98%95%20%ED%83%90%EC%83%89%EC%9D%98%20%EC%B0%A8%EB%B3%84%EC%A0%81%20%ED%9A%A8%EA%B3%BC%EC%97%90%20%EB%8C%80%ED%95%9C%20%ED%83%90%EA%B5%AC:%20%EC%B5%9C%EA%B3%A0%EA%B2%BD%EC%98%81%EC%A7%84%EC%9D%98%20%EC%9E%84%EA%B8%88%20%EA%B2%A9%EC%B0%A8%EC%99%80%20%EC%9E%A5%EA%B8%B0%20%EC%9D%B8%EC%84%BC%ED%8B%B0%EB%B8%8C%EC%9D%98%20%EC%A1%B0%EC%A0%88%ED%9A%A8%EA%B3%BC&offset=0&pcAvailability=true
Publisher
경영학연구
Location
대한민국
Language
한국어
ISSN
1226-1874
Citation Volume
50
Citation Number
4
Citation Start Page
1129
Citation End Page
1157
Appears in Collections:
Business > Business Administration
Authorize & License
  • Authorize공개
Files in This Item:
  • There are no files associated with this item.

Items in Repository are protected by copyright, with all rights reserved, unless otherwise indicated.