Title

Unbundling the Effect of Prior Invention Experience from Firm Size on Future Exploratory and Exploitative Search

Abstract

This paper examines the role of prior invention experience on future search activities within the pharmaceutical industry. Specifically, we examine to what extent prior invention experience influences future exploratory and exploitative search behavior by firms. The results indicate there is a negative relationship between prior experience and future exploratory search, but a positive effect of prior experience on future exploitative search. Additionally, we find that these effects are moderated by firm size. Specifically, firm size mitigates the negative relationship between prior experience and future exploratory search, and also weakens the positive relationship between prior experience and future exploitative search.

Document Type

Article

DOI

https://doi.org/10.1080/14479338.2016.1276409

Keywords

exploitative search, exploratory search, Innovation strategy, R&D management

Publication Date

4-3-2017

Journal Title

Innovation: Management, Policy and Practice

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