Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/312468 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Journal of Business Economics [ISSN:] 1861-8928 [Volume:] 94 [Issue:] 2 [Publisher:] Springer [Place:] Berlin, Heidelberg [Year:] 2023 [Pages:] 279-309
Verlag: 
Springer, Berlin, Heidelberg
Zusammenfassung: 
A firm's aptitude to acquire new knowledge and simultaneously exploit existing capabilities is suggested to improve firm performance. Although resource endowment is important to achieve a balance between exploration and exploitation, the role of a firm's non-scale free resources on the exploration‒exploitation and performance linkage has gained little attention. We transfer and apply the first longitudinal test of the exploration–exploitation and firm performance linkage in a German sample. We argue and replicate an inverted U-shaped relationship between relative exploration and firm performance. Further, we hypothesize the competition for and the access to non-scale free resources to moderate this relationship. While we do not find support for the latter, we reveal that the competition for non-scale free resources weakens the relationship between relative exploration and firm performance. We contribute to the exploration–exploitation literature by testing the proposed relationship between exploration–exploitation and firm performance in a different geographical setting, advancing the generalizability of this relationship. In order to do so, we make the commonly accepted measurement approach of Uotila et al. (Strateg Manag J 30:221–231. 10.1002/smj.738, 2009) applicable to German-speaking countries by translating, refining, and extending the dictionary proposed by March (1991) with more contemporary words. Moreover, we contribute by investigating the competition for non-scale free resources between companies in the context of exploration–exploitation. We thereby reveal lower competition for non-scale free resources as a success factor for improving the relationship between a firm's relative exploration orientation and its performance. This seems particularly important since Germany's economy has been confronted with a decline in its innovative strength and an eminent lack of skilled workforce in recent years.
Schlagwörter: 
Exploration–exploitation
Firm performance
Non-scale free resources
Geographical context
JEL: 
L26
M10
M54
O32
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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