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Beyond Collaborative Network Communities: Innovation Performance Feedback and the Formation of New Bridging Ties

Published online by Cambridge University Press:  26 December 2024

Yafei Nie  and
Jingbei Wang
Yafei Nie
Affiliation:
Northwestern Polytechnical University, China
Jingbei Wang*
Affiliation:
Shandong University, China
*
Corresponding author: Jingbei Wang ([email protected])
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Abstract

Although extant research has highlighted the tangible benefits of bridging ties that interlink network communities, our understanding of the determinants of a firm's propensity to form new bridging ties is scarce. Drawing on the behavioral theory of the firm, we conceptualize the formation of new bridging ties as a consequence of decision-makers' bounded rationality and verify the effect of performance feedback on the share of new bridging ties. Additionally, we contend that decisions regarding forming new bridging ties in response to performance feedback are bounded by CEOs' experience. We use a longitudinal dataset of Chinese publicly listed firms in the pharmaceutical industry from 2010 to 2020. The results indicate that the magnitude of a firm's outperformance relative to its aspirations positively affects the share of new bridging ties, while the magnitude of a firm's underperformance relative to its aspirations has an inverted U-shaped relationship with the share of new bridging ties. CEOs' academic and political experience strengthens the positive relationship between the magnitude of a firm's outperformance relative to its aspirations and the share of new bridging ties. CEOs' political experience flattens the inverted U-shaped effect of the magnitude of a firm's underperformance relative to its aspirations on the share of new bridging ties.

摘要

摘要

虽然现有研究强调了连接不同网络社团的桥梁关系所带来的益处，但我们对企业如何决定形成新桥梁关系的影响因素理解有限。基于企业行为理论，本文认为新桥梁关系的形成是决策者有限理性的结果，并验证了公司层面的绩效反馈对新桥梁关系形成的影响。具体而言，公司基于绩效反馈而决定是否形成新桥梁关系，会受到首席执行官（CEO）自身经验的限制。我们分析了2010 年至2020 年中国制药行业上市公司的纵向数据集。结果表明，企业的正面绩效反馈对新桥梁关系建立的比例有正面影响，而企业负面绩效反馈对于建立新桥梁关系比例呈倒U型影响。CEO 的学术和政治经验加强了企业正向绩效反馈的程度与新桥梁关系比例之间的正向关系，而CEO 的政治经验则削弱了企业负向绩效反馈的程度对新桥梁关系比例的倒U型影响。

Keywords

behavioral theory of the firmbridging tieCEO experiencecollaboration networkperformance feedback协作网络桥梁关系绩效反馈企业行为理论CEO经验
Type
Article
Information
Management and Organization Review , Volume 20 , Issue 4 , August 2024 , pp. 649 - 670
Copyright
Copyright © Northwestern Polytechnical University; Shandong University and the Author(s), 2024. Published by Cambridge University Press on behalf of International Association for Chinese Management Research

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