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The influence of national culture on changes in R&D expenses among agrochemical firms

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  • Michal JIRASEK

Abstract

Research and development (R&D) represents a significant expenditure and investment into the future competitiveness of a given firm. The behavioural 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 an effect of national cultures, measured by Hofstede's cultural dimensions, on changes in R&D expenditure and indicate that national culture is one of the factors which needs to be taken into account when utilizing the behavioural theory of the firm.

Suggested Citation

  • Michal JIRASEK, 2017. "The influence of national culture on changes in R&D expenses among agrochemical firms," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(11), pages 524-530.
    • Handle: RePEc:caa:jnlage:v:63:y:2017:i:11:id:230-2016-agricecon
    DOI: 10.17221/230/2016-AGRICECON
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    References listed on IDEAS

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    1. Sandeep SINGH & Ravi KIRAN & Dinesh GOYAL, 2015. "Identification of key factors for enhancing competitiveness: an exploratory study of the selected agri-biotech firms of Punjab in India," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(4), pages 179-188.
    2. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    3. Wei‐Ru Chen & Kent D. Miller, 2007. "Situational and institutional determinants of firms' R&D search intensity," Strategic Management Journal, Wiley Blackwell, vol. 28(4), pages 369-381, April.
    4. Lewellyn, Krista B. & Bao, Shuji ‘Rosey’, 2015. "R&D Investment in the Global Paper Products Industry: A Behavioral Theory of the Firm and National Culture Perspective," Journal of International Management, Elsevier, vol. 21(1), pages 1-17.
    5. Mark Washburn & Philip Bromiley, 2012. "Comparing Aspiration Models: The Role of Selective Attention," Journal of Management Studies, Wiley Blackwell, vol. 49(5), pages 896-917, July.
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    Cited by:

    1. Mirela Cristea & Gratiela Georgiana Noja, 2019. "European agriculture under immigration effects: New empirical evidence," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(3), pages 112-122.

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