The DOI matches its Crossref record; 10 of the 10 references it cites were found in a registry or an index.
Exploration, exploitation, and financial performance: analysis of S&P 500 corporations
Open accessAbstract
The literature suggests that established firms need to balance their exploration and exploitation activities in order to achieve superior performance. Yet, previous empirical research has modeled this balance as the interaction of orthogonal activities. In this study, we show that there is a trade‐off between exploration and exploitation and that the optimal balance between exploration and exploitation depends upon environmental conditions. Using a novel methodology to measure the relative exploration versus exploitation orientation, we find an inverted U‐shaped relationship between the relative share of explorative orientation and financial performance. This relationship is positively moderated by the R&D intensity of the industry in which the firm operates. Copyright © 2008 John Wiley & Sons, Ltd.
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Cites
Initial conditions and moment restrictions in dynamic panel data models
Blundell, R., & Bond, S. (1998) · Journal of Econometrics · doi:10.1016/s0304-4076(98)00009-8 · Cited by 22,571
Exploration and Exploitation in Organizational Learning
March, J. G. (1991) · Organization Science · doi:10.1287/orsc.2.1.71 · Cited by 21,942
Another look at the instrumental variable estimation of error-components models
Arellano, M., & Bover, O. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01642-d · Cited by 19,880
HUSELID, M. A. (1995) · Academy of Management Journal · doi:10.2307/256741 · Cited by 9,342
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
Exploration vs. Exploitation: An Empirical Test of the Ambidexterity Hypothesis
He, Z.-L., & Wong, P.-K. (2004) · Organization Science · doi:10.1287/orsc.1040.0078 · Cited by 3,737
Jansen, J. J. P., Van Den Bosch, F. A. J., & Volberda, H. W. (2006) · Management Science · doi:10.1287/mnsc.1060.0576 · Cited by 3,705
Aging, Obsolescence, and Organizational Innovation
Sørensen, J. B., & Stuart, T. E. (2000) · Administrative Science Quarterly · doi:10.2307/2666980 · Cited by 1,862
Extracting Policy Positions from Political Texts Using Words as Data
LAVER, M., BENOIT, K., & GARRY, J. (2003) · American Political Science Review · doi:10.1017/s0003055403000698 · Cited by 1,377
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Cited by
Organizational Ambidexterity: Past, Present, and Future
O'Reilly, C. A., & Tushman, M. L. (2013) · Academy of Management Perspectives · doi:10.5465/amp.2013.0025 · Cited by 2,580
Exploration and Exploitation Within and Across Organizations
Lavie, D., Stettner, U., & Tushman, M. L. (2010) · Academy of Management Annals · doi:10.1080/19416521003691287 · Cited by 1,650
Benitez, J., Castillo, A., Llorens, J., & Braojos, J. (2018) · Information & Management · doi:10.1016/j.im.2017.09.004 · Cited by 318
Service innovation and performance in SMEs
McDermott, C. M., & Prajogo, D. I. (2012) · International Journal of Operations & Production Management · doi:10.1108/01443571211208632 · Cited by 226
Horne, J., Recker, M., Michelfelder, I., Jay, J., & Kratzer, J. (2020) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2019.118052 · Cited by 172
Metadata
- Authors
- Uotila, J., Maula, M., Keil, T., & Zahra, S. A.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2008-11-27
- Volume
- 30
- Issue
- 2
- Pages
- 221-231
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2112571414
- Cited by
- 906
- References
- 10
- FWCI
- 57.03
- Type
- journal article
- Language
- en
- Open access
- green
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- Uotila, J., Maula, M., Keil, T., & Zahra, S. A. (2009). Exploration, exploitation, and financial performance: analysis of S&P 500 corporations. Strategic Management Journal. https://doi.org/10.1002/smj.738
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
