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Explorationexploitation innovation and firm performance the mediation of entrepreneurial orientation

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  • 2020-12-11 12:17:04
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Exploration/exploitationinnovationandfirmperformance:themediationofentrepreneurialorientationandmoderationofcompetitiveintensityBojunHou,JinHongandRuonanZhuAbstractPurpose–Althoughmanyscholarshavefoundthatexplorationandexploitationinnovationhavesignificantlypositiveeffectsonfirmperformance,itremainstoberesolvedwhethertherelationshipbetweenthetwoisstillestablishedatdifferentstagesofenterprisedevelopmentandindifferentcompetitivecontexts.Thispaperaimstoclarifytheeffectofexploration/exploitationinnovationonfirmperformanceinstart-ups,andinparticular,themediationroleofentrepreneurialorientation(EO)andthemoderationroleofcompetitiveintensityaretestedtoexploretheirdisturbingeffectsonaboverelationship.Design/methodology/approach–Theauthorsconstructatheoreticalframeworktoanalyzeandverifytherelationshipbetweeninnovation,EOandfirmperformance.Thehypothesesofthispaperareputforwardbytheoreticalinference.Inadditiontotestthehypotheses,143questionnairesarecollectedfromtechnology-orientedstart-upsinHefeiNationalUniversitySciencePark.Findings–Theempiricalresultsshowthatconsistentwithpreviousfindings,explorationinnovationandexploitationinnovationbothhavepositiveimpactonfirmperformance;meanwhile,theEOpartiallymediatestherelationshipbetweenbothinnovationsandfirmperformance.WhatcannotbeignoredisthatthecompetitionintensityplaysamoderationrolebetweenEOandfirmperformance.Originality/value–ThefindingsrevealthattheimpactofinnovationactivitiesoncorporateperformancehasbeendisruptedbyEOandcompetitionintensit

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