LOOKING BACKWARD INSTEAD OF FORWARD: ASPIRATION-DRIVEN INFLUENCES ON THE EFFICIENCY OF THE CAPITAL ALLOCATION PROCESS

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Resource Allocation and Strategy (2017, background): “Arrfelt, Wiseman, and Hult (2013) draw on the behavioral theory of the firm to highlight the tension between investment in businesses to correct current performance problems and investment in businesses with superior performance prospects.”
Managerial Risk Taking (2016, unknown): “While most findings support the assertion that it increases risk taking (Arrfelt et al., 2013; Barreto, 2012; Chen, 2008; Chen & Miller, 2007; Greve, 2003; Iyer & Miller, 2008), some evidence indicates otherwise.”
Motivation and Ability? A Behavioral Perspective on the Pursuit of Radical Invention in Multi-Technology Incumbents (2017, unknown): “…1970) will drivemanagers of areas performing below aspirations to take greater risks (Kacperczyk, Beckman, & Moliterno, 2015) and be more inventive (Gaba& Joseph, 2013),whilemaking those in high-performing areas more risk-averse (Arrfelt et al., 2013; Hoskisson, Hitt, & Hill, 1991, 1993).”
In the Horns of the Dilemma: Socioemotional Wealth, Financial Wealth, and Acquisitions in Family Firms (2018, background): “…positive and negative outcomes are possible) to the case of executive compensation (Martin et al., 2013) and resource allocation in multiunit firms (Arrfelt et al., 2013), more needs to be understood about how firms deal with decisions that imply losses and gains in parallel, eventually in goal…”