The Influence of national culture on R&D expense change among agrochemical firms
| Authors | |
|---|---|
| Year of publication | 2017 |
| Type | Article in Periodical |
| Magazine / Source | Zemědělská ekonomika |
| MU Faculty or unit | |
| Citation | |
| Web | https://www.agriculturejournals.cz/web/agricecon.htm?volume=63&firstPage=524&type=publishedArticle |
| Doi | http://dx.doi.org/10.17221/230/2016-AGRICECON |
| Field | Management and administrative |
| Keywords | Agricultural chemicals; behavioral theory of the firm; feedback driven behaviour; Hofstede cultural dimensions; research and development |
| Attached files | |
| Description | Research and development (R&D) represents significant expenditure and investment into the future competitiveness of a given firm. The behavioral theory of the firm assumes that these expenditures are subject to changes caused by performance feedback. This paper builds upon these assumptions and extends them by considering the possible effect of national cultures on the nature of these responses to the performance feedback. The research follows 119 firms from nine countries over the period 2001-2015 and analyses their behaviour using Generalized Linear Mixed models. The findings mostly support the effect of national cultures, measured by the Hofstede cultural dimensions, on changes in R&D expense and point to the fact that national culture is one of the factors which needs to be taken into account when utilizing behavioral theory of the firm. |
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