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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Vydáno v:Journal of business research Ročník 129; s. 406 - 417
Hlavní autoři: Shinkle, George A., Hodgkinson, Gerard P., Gary, Michael Shayne
Médium: Journal Article
Jazyk:angličtina
Vydáno: Elsevier Inc 01.05.2021
Elsevier B.V
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ISSN:0148-2963, 1873-7978
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Shrnutí: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