Government policy changes and organizational goal setting: Extensions to the behavioral theory of the firm

The increasing frequency and extent of government policy changes in many countries and industries has exposed an important theoretical gap about how such changes influence organizational goal setting. This paper extends the behavioral theory of the firm to account for changes in government policy on...

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Bibliographic Details
Published in:Journal of business research Vol. 129; pp. 406 - 417
Main Authors: Shinkle, George A., Hodgkinson, Gerard P., Gary, Michael Shayne
Format: Journal Article
Language:English
Published: Elsevier Inc 01.05.2021
Elsevier B.V
Subjects:
Analysis
Behavioral theory of the firm
Business schools
Goal aspirations
Goal dimensions
Goal setting
Government policy
Organizational goals
Behavioral theory of the firm
Organizational goals
Government policy
Goal aspirations
Goal dimensions
ISSN:0148-2963, 1873-7978
Online Access:Get full text
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Summary:The increasing frequency and extent of government policy changes in many countries and industries has exposed an important theoretical gap about how such changes influence organizational goal setting. This paper extends the behavioral theory of the firm to account for changes in government policy on goal dimensions (i.e., what goals are adopted) and goal aspirations (i.e., the target levels adopted). We advance propositions regarding the specification of goal dimensions and add a new factor into the aspiration adaptation model to account for anticipatory (i.e., forward-looking) responses on the part of firms to government policy changes.
ISSN:0148-2963
1873-7978
DOI:10.1016/j.jbusres.2021.02.056