Revisiting Aspiration Level:

DOI
  • Suzuki Osamu
    Institute of Business and Accounting, Kwansei Gakuin University

Bibliographic Information

Other Title
  • 「希求水準」の再考：業績予想データを用いたアプローチの可能性
  • An Exploratory Study to Employ Performance Forecasts Dat

Description

<p>Aspiration level is defined as an organizational goal. Attainment of the aspiration level regulates risk-pursuing decisions by organizations. However, there is a dearth of empirical research examining the consistency between assumptions underlying operationalization of aspiration levels and actual goal setting behaviors by organizations. We empirically analyzed updates of financial performance forecasts disclosed by sample firms. Our finding is that these firms flexibly adjust allocation of weights between prior forecasts and prior results. This observation is particularly salient for sample firms characterized with limited organizational slack. Our results suggest that we reconsider the assumption that aspiration level is set to be stable by a simple mechanical formula.</p>

Journal

  • Organizational Science

    Organizational Science 57 (4), 115-125, 2024-06-20

    The Academic Association for Organizational Science

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