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Small Business Economics

05.09.2018

How negative aspiration performance gaps affect innovation efficiency

verfasst von: Montserrat Manzaneque, Alfonso A. Rojo-Ramírez, Julio Diéguez-Soto, Maria J. Martínez-Romero

Erschienen in: Small Business Economics

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Abstract

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’s conversion 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.

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Fußnoten
1
Following to Baysinger and Hoskisson (1989), we consider as industries with technological opportunities those such as chemicals, computers, drugs, aerospace equipment, electrical equipment, precision instruments, and photographic equipment and supplies
 
2
Regions in the European Union—NUTS 2013/EU-28. Eurostat: http://​ec.​europa.​eu/​eurostat/​web/​nuts/​overview [Accessed 1st of July of 2016]. The subdivisions are (1) Madrid (reference category), (2) Northwest of Spain, (3) Northeastern, (4) Center, (5) South, and (6) Canary Islands.
 
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Metadaten
Titel
How negative aspiration performance gaps affect innovation efficiency
verfasst von
Montserrat Manzaneque
Alfonso A. Rojo-Ramírez
Julio Diéguez-Soto
Maria J. Martínez-Romero
Publikationsdatum
05.09.2018
Verlag
Springer US
Erschienen in
Small Business Economics
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI
https://doi.org/10.1007/s11187-018-0091-8

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