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| Research on the Influence Mechanism of Future Negative Performance Feedback on Enterprise Upgrade |
| SONG Tiebo，HUANG Jianbin，YAO Hao |
| South China University of Technology, Guangzhou, China |
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Abstract Based on the “expected future” perspective in the performance feedback model, this study focuses on the relationship between future negative performance feedback and enterprise upgrading. It also discusses the moderating effects of industry status, redundant resources and the managerial ownership on the relationship. The results show that:①Future performance negative feedback will promote the enterprise upgrading;②The industry position will first increase the main effect in the short term and then weaken it, but the effect will become positive linear adjustment in the long-term;③The redundant resources of the enterprise will first enhance the main effect and then weaken it;④The managerial ownership will increase the main effect;⑤Non-state-owned enterprises will significantly promote enterprise upgrading when facing the negative feedback of future performance expectations, while the response behavior of state-owned enterprises is not obvious.
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Received: 03 April 2021
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