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

George A. Shinkle (Lead), Gerard P. Hodgkinson, Michael Shayne Gary

Research output: Contribution to journalArticlepeer-review

Abstract

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.
Original languageEnglish
Pages (from-to)406–417
Number of pages12
JournalJournal of Business Research
Volume129
DOIs
Publication statusPublished - May 2021

Keywords

  • Behavioral theory of the firm
  • Goal aspirations
  • Goal dimensions
  • Government policy
  • Organizational goals

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