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SUMMARY:MTEI Seminar by Prof. Wong Poh Kam\, National University of Singap
 ore
DTSTART:20140507T120000
DTEND:20140507T133000
DTSTAMP:20260916T044012Z
UID:308f71e55a467988129e44bdbab85b6b3d6f0e4ac6fdabef522d1eae
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Wong Poh Kam\, National University of Singapore\n"Perfor
 mance Feedback\, Financial Slack and the Innovation Behavior of Firms"\n(w
 orking paper with Lydia Lu)"Abstract\nWe examine the effect of a firm’s 
 performance feedback on its innovation behavior. Building on Cyert and Mar
 ch’s (1963) behavioral theory of the firm\, we develop specific hypothes
 es about how firms adjust their exploratory and exploitative innovation ac
 tivities in response to performance feedback\, and how this adjustment is 
 moderated by the firms’ financial slack. Empirical evidence from a panel
  data covering 323 Taiwanese electronics firms listed on the Taiwan Stock 
 Exchange (TSE) over 1998- 2011 is consistent with our theoretical predicti
 ons. In particular\, we found that firms reduce both exploratory and explo
 itative innovation activities\, but more so the former\, in response to fu
 rther improvement in performance when their performance is above their asp
 iration level. In contrast\, firms increase exploratory innovation activit
 ies but decrease exploitative innovation ones in response to deteriorating
  performance when their performance is below their aspiration level. In ad
 dition\, our results show that financial slack has a different moderating 
 effect on the link between performance feedback and innovation when firm p
 erformance is above or below its aspiration levels.
LOCATION:ODY 4.03 - VIP Room http://plan.epfl.ch/?zoom=20&recenter_y=58638
 00.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,labels\,info
 rmation\,parkings_publics\,arrets_metro&floor=4&q=ODY_4.03
STATUS:CONFIRMED
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