Institutional Embeddedness of Search Strategies and the Implications for Innovation Performance

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

    Abstrakt

    The innovation performance of modern firms is increasingly determined by their ability to search and absorb external knowledge. However, after a certain threshold firms “oversearch” their environment and innovation performance declines. In this paper, we argue that prior literature has largely ignored the institutional context that provides or denies access to external knowledge at the country level. Combining institutional and knowledge search theory, we suggest that the market orientation of the institutional environment and the magnitude of institutional change influence when firms begin to experience the negative performance effects of oversearch. Based on a comprehensive sample of almost 8,000 firms from ten European countries, we find that institutions matter considerably for firms’ search activity. Higher market orientation of institutions increases the effectiveness of firms’ search for external knowledge while higher magnitudes of institutional change decrease it. Our results provide important insights for management on how to adapt search strategies to the institutional
    context.
    OriginalsprogEngelsk
    TitelProceedings of the 55th Annual Meeting of the Academy of International Business
    RedaktørerPatricia McDougall-Covin, Tunga Kiyak
    UdgivelsesstedEast Lansing, MI
    ForlagAcademy of International Business
    Publikationsdato2013
    Sider168-169
    StatusUdgivet - 2013
    BegivenhedAIB 2013 Annual Meeting : Bridging the Divide: Linking IB to Complementary Disciplines and Practice - Sabancı University, Koç University, and Özyeğin University, Istanbul, Tyrkiet
    Varighed: 3 jul. 20136 jul. 2013
    Konferencens nummer: 55
    http://aib.msu.edu/events/2013/

    Konference

    KonferenceAIB 2013 Annual Meeting
    Nummer55
    LokationSabancı University, Koç University, and Özyeğin University
    LandTyrkiet
    ByIstanbul
    Periode03/07/201306/07/2013
    Internetadresse
    NavnAcademy of International Business. Annual Meeting. Proceedings
    Vol/bind55
    ISSN2078-4430

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