Innovative competence, exploration and exploitation: The influence of technological diversification

García, Cristina Quintana; Velasco, Carlos Ángel Benavides

doi:10.1016/j.respol.2007.12.002

Cited by 343 publications

(172 citation statements)

References 66 publications

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“…These characteristics are especially important for SMEs, which face major difficulties in obtaining credit for their eco-investments compared to larger firms, which often have better access to equity and long-term loans [11]. As known from general innovation theory, given the inherent risk of innovation, firms have the incentive to diversify or develop multiple external linkages and strategies in order to maximize their chances of success [39][40][41]. However, diversification comes at a price.…”

Section: Hypothesis 2 (H2)mentioning

confidence: 99%

Eco-Efficiency Actions and Firm Growth in European SMEs

Jové‐Llopis¹,

Segarra‐Blasco²

2018

Sustainability

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This study investigates the effects of eco-efficiency actions on firm performance in terms of sales growth in an extensive sample of 11,336 small-and medium-sized enterprises (SMEs) located in 28 European countries. Our empirical results suggest that not all eco-strategies are positively related to better performance, at least not in the short term. We found that European companies using renewable energies, and recycling or designing products that are easier to maintain, repair, or reuse, perform better. Those that aim to reduce water or energy pollution, however, seemed to show a negative correlation to firm growth. Our results also indicate that high investment in eco-strategies improves firm growth, particularly in new members that joined the EU from 2004 onwards. Finally, we observed a U-shaped relationship between eco-strategies and firm growth, which indicates that a greater breadth of eco-strategies is associated with better firm performance. However, few European SMEs are able to either invest heavily or undertake multiple eco-strategies, thus leaving room for policy interventions.

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Section: Hypothesis 2 (H2)mentioning

confidence: 99%

Eco-Efficiency Actions and Firm Growth in European SMEs

Jové‐Llopis¹,

Segarra‐Blasco²

2018

Sustainability

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“…The fixed costs only pay off if green innovation activities exceed a certain limit. If there are increasing returns to scale in green research, a firm moves from expensive 'exploration' of new knowledge to the less expensive 'exploitation' of existing knowledge (see March 1991, Quintana-García andBenavides-Velasco 2008), once it decides to further increase its knowledge stock.…”

mentioning

confidence: 99%

The Performance Effect of Environmental Innovations

2013

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract. While recent literature has focused on explaining the determinants of green innovations, it is not well understood how such innovations affect performance. To analyse the relationship between green innovation and performance, new industry-level panel data were exploited: these include 12 OECD countries, the whole manufacturing sector and a period of 30 years. The results show that green inventions are U-shape related to performance. However, the turning point is quite high and hence only relevant for a few industries. This indicates that -given the current level of green promotion -market incentives alone are not sufficient to allow the green invention activities of industries to rise considerably. Terms of use: Documents in EconStor may

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“…Third, although researchers have extensively used patent data to capture innovation performance, these data have limitations [93][94][95]. The operationalization of innovation performance using patent data may capture only technological dimension among diverse dimensions in innovation, such as organizational innovation and business model innovation.…”

Section: Resultsmentioning

confidence: 99%

Effect of R&D Collaboration with Research Organizations on Innovation: The Mediation Effect of Environmental Performance

Rhee

2015

Sustainability

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Abstract:The purpose of this study was to advance our understanding of corporate environmental performance by linking its antecedents and consequences. This study examined how collaboration with research organizations, as a proactive strategic decision, influences the environmental performance of firms, which in turn leads to innovation performance. Using the data collected from 597 Korean firms representing a cross-section of industries, we found that a firm's collaboration with research organizations positively affected the firm's environmental performance, which positively influenced its innovation performance. Furthermore, the results indicated a full mediation effect of environmental performance on the relationship between collaboration with research organizations and innovation performance. This study offers a more comprehensive understanding of corporate environmental performance and discusses implications for innovation performance. Limitations and future research directions are also discussed.

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Innovative competence, exploration and exploitation: The influence of technological diversification

Cited by 343 publications

References 66 publications

Eco-Efficiency Actions and Firm Growth in European SMEs

Eco-Efficiency Actions and Firm Growth in European SMEs

The Performance Effect of Environmental Innovations

Effect of R&D Collaboration with Research Organizations on Innovation: The Mediation Effect of Environmental Performance

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