Escolhas Intertemporais: O Papel da Frequência de Feedback e Momento de Remuneração

• Andson Braga de Aguiar ^[1] ; José Carlos Tiomatsu Oyadomari ^[2] ; Cláudio Soerger Zaro ^[3]
  1. [1] Universidade de São Paulo

     Universidade de São Paulo

     Brasil

     
  2. [2] Universidade Presbiteriana Mackenzie

     Universidade Presbiteriana Mackenzie

     Brasil

     
  3. [3] Universidade Estadual do Mato Grosso do Sul (Brasil)

  Mostrar afiliaciones +
• Localización: RBGN: Revista Brasileira de Gestão de Negócios, ISSN 1806-4892, Vol. 21, Nº. 2, 2019, págs. 274-290
• Idioma: portugués
• DOI: 10.7819/rbgn.v21i2.3974
• Enlaces
  • Texto completo (pdf)
  • Texto completo
• Resumen

  • Objetivo:

    O artigo examina se gestores alocam esforço mais de longo prazo quando eles recebem feedback trimestral ao invés de feedback de até um mês e acima de um trimestre. O artigo examina ainda se o momento de recebimento da remuneração modera o relacionamento entre a frequência de feedback e as escolhas intertemporais.

    Metodologia:

    O estudo coleta dados de levantamento de 78 gestores de nível intermediário que atuam em uma empresa brasileira.

    Resultados:

    Os resultados indicam que os gestores dedicam mais tempo a tarefas mais de longo-prazo quando eles recebem feedback trimestral. Os resultados também indicam que momento de remuneração modera o relacionamento entre frequência de feedback e escolhas intertemporais.

    Contribuições:

    Os resultados deste estudo oferecem duas principais contribuições. Primeiro, o estudo oferece evidências empíricas do efeito da frequência de feedback em um contexto em que feedback não é mandatório, é fornecido para propósitos internos e não há pressão do mercado de capitais. Segundo, o estudo procura separar o efeito da frequência de feedback do efeito do momento de recebimento da remuneração e examina se o segundo componente modera o efeito do primeiro componente sobre as escolhas intertemporais

• Referencias bibliográficas
  • Abernethy, M. A., Bouwens, J., & Lent, L. van (2013). The role of performance measures in the intertemporal choices of business unit managers. Contemporary...
  • Agrawal, A., Dinneen, B., & Seth, I. (2016). Survey: Are today’s CFOs ready for tomorrow’s demands on finance?. McKinsey & Company. Retrieved...
  • Aguiar, A. B. (2011). Consistency in empirical accounting studies on managerial time orientation: A bibliographical analysis. BASE-Revista...
  • Aguiar, A. B., Pinheiro, P. N., & Oyadomari, J. C. T. (2014). How do different performance measures affect managerial time orientation? Empirical...
  • Banker, R. D., & Datar, S. M. (1989). Sensitivity, precision, and linear aggregation of signals for performance evaluation. Journal of...
  • Bellemare, C., Krause, M., Kröger, S., & Zhang, C. (2005). Myopic loss aversion? Information feedback versus investment flexibility. Economic Letters,...
  • Berns, G. S., Laibson, D., & Loewenstein, G. (2007). Intertemporal choice: Toward an integrative framework. Trends in Cognitive Sciences,...
  • Bhojraj, S., & Libby, R. (2005). Capital market pressure, disclosure frequency-induced earnings/ cash flow conflict, and managerial myopia....
  • Bonner, S. E., & Sprinkle, G. B. (2002). The effects of monetary incentives on effort and task performance: Theories, evidence, and a framework...
  • Chenhall, R. H. (2003). Management control systems design within its organizational context: Findings from contingency-based research and directions...
  • Chenhall, R. H., & Morris, D. (1986). The impact of structure, environment, and interdependence on the perceived usefulness of management accounting...
  • Chhokar, J. S., & Wallin, J. A. (1984). A field study of the effect of feedback frequency on performance. Journal of Applied Psychology,...
  • Dillman, D. A. (2007). Mail and Internet Surveys. New York: John Wiley Professional.
  • Ewenstein, B., Hancock, B., & Komm, A. (2016). Ahead of the curve: The future of performance management. McKinsey & Company. Retrieved...
  • Farrel, A. M., Kadous, K., & Towry, K. L. (2008). Contracting on contemporaneous versus forwardlooking measures: An experimental investigation. Contemporary...
  • Feltham, G. A., & Xie, J. (1994). Performance measure congruity and diversity in multi-task principal/agent relations. The Accounting...
  • Ferreira, A., & Otley, D. (2009). The design and use of performance management systems: An extended framework for analysis. Management Accounting...
  • Fisher, J. G. (1998). Contingency theory, management control systems and firm outcomes: Past results and future directions. Behavioral Research...
  • Frederick, S., Loewenstein, G., & O’Donoghue, T. (2002). Time discounting and time preference: A critical review. Journal of Economic...
  • Frezatti, F., de Aguiar, A. B., & Guerreiro, R. (2007). Diferenciações entre a contabilidade financeira e a contabilidade gerencial:...
  • Gneezy, U., & Potters, J. (1997). An experiment on risk taking and evaluation periods. The Quarterly Journal of Economics, 112(2), 631-645.
  • Hair, J. F., Jr., Anderson, R. E., Tatham, R. L., & Black, W. C. (1998). Multivariate data analysis (5th ed). New Jersey: Prentice Hall.
  • Hartmann, F. G. H., & Slapniĉar, S. (2016). Bonus scheme design and risk taking: Experimental evidence on the effect of deferred bonuses....
  • Joseph, J., Klingebiel, R., & Wilson, A. J. (2016). Organizational structure and performance feedback: Centralization, aspirations, and termination...
  • Kraft, A. G., Vashishtha, R., & Venkatachalam, M. (2018). Frequent financial reporting and managerial myopia. The Accounting Review, 93(2), 249-275.
  • Kirby, K. N., & Santiesteban, M. (2003). Concave utility, transaction costs, and risk in measuring discounting of delayed rewards. Journal of...
  • Lam, C. F., DeRue, D. S., Karam, E. P., & Hollenbeck, J. R. (2011). The impact of feedback frequency on learning and task performance: Challenging...
  • Latham, G. P. (2012). Work motivation: History, theory, research, and practice (2nd ed.). Los Angeles: Sage.
  • Latham, G. P., & Locke, E. A. (1991). Selfregulation through goal setting. Organizational behavior and human decision processes, 50(2), 212-247.
  • Laverty, K. J. (1996). Economic “short-termism”: The debate, the unresolved issues, and the implications for management practice and research....
  • Locke, E. A., Shaw, K. N., Saari, L. M., & Latham, G. P. (1981). Goal setting and task performance: 1969–1980. Psychological bulletin, 90(1),...
  • Loewenstein, G., & O’Donoghue, T. (2005). Animal spirits: Affective and deliberative processes in economic behavior (Working Paper No....
  • Lourenço, S. M. (2016). Monetary incentives, feedback, and recognition: Complements or substitutes? Evidence from a field experiment in a...
  • Luckett, P. F., & Eggleton, I. R. C. (1991). Feedback and management accounting: A review of research into behavioral consequences. Accounting,...
  • Lurie, N. H., & Swaminathan, J. M. (2009). Is timely information always better? The effect of feedback frequency on decision making. Organizational...
  • Malmi, T., & Brown, D. A. (2008). Management control systems as a package: Opportunities, challenges and research directions. Management Accounting...
  • Marginson, D., & McAulay, L. (2008). Exploring the debate on short-termism: A theoretical and empirical analysis. Strategic Management...
  • Matta, E., & Beamish, P. W. (2008). The accentuated CEO career horizon problem: Evidence from international acquisitions. Strategic Management...
  • Merchant, K. A., & Van der Stede, W. A. (2012). Management control systems performance measurement, evaluation and incentives (3rd ed.). New...
  • Oliveira, A. C. (2014, janeiro, 23). Benefício mais desejado é participação nos lucros. Você S/A. Retrieved from https://exame.abril.com.br/ carreira/para-todos-os-bolsos/
  • Otley, D. T. (1980). The contingency theory of management accounting: Achievement and prognosis. Accounting, Organizations and Society, 5(4),...
  • Ozdenoren, E., Salant, S. W., & Silverman, D. (2012). Willpower and the optimal control of visceral urges. Journal of the European Economic Association,...
  • Payne, J. W., Bettman, J. R., & Johnson, E. J. (1993). The adaptive decision maker. Cambridge: Cambridge University Press.
  • Pinheiro, P. N., Galdi, F. C., & Oyadomari, J. C. T. (2012). Effects of EVA® based management on intertemporal decisions: A study with...
  • Pitkänen, H., & Lukka, K. (2011). Three dimensions of formal and informal feedback in management accounting. Management Accounting Research,...
  • Prelec, D., & Loewenstein, G. (1991). Decision making over time and under uncertainty: A common approach. Management Science, 37(7), 770–786.
  • Prendergast, C. (1999). The provision of incentives in firms. Journal of economic literature, 37(1), 7-63.
  • Rajgopal, S. (2017). We can’t study short-termism without the right metrics. Harvard Business Review. Retrieved from https://hbr.org/2017/04/ we-cant-study-short-termism-without-the-rightmetrics
  • Santos, L. P. G. (2015). Comparando o uso de mensuração forward-looking e contemporânea de desempenho na formulação de contratos de incentivo...
  • Soman, D., Ainslie, G., Frederick, S., Li, X., Lynch, J., Moreau, P., Mitchell, A., … Zauberman, G. (2005). The psychology of intertemporal...
  • Souder, D., & Shaver, J. M. (2010). Constraints and incentives for making long horizon corporate investments. Strategic Management Journal, 31(12),...
  • Thaler, R. (1981). Some empirical evidence on dynamic inconsistency. Economics Letters, 8(3), 201-207.
  • Thornock, T. A. (2016). How the timing of performance feedback impacts individual performance. Accounting, Organizations and Society, 55,...