신흥국 기업에서 혁신의 활용(Exploitation)과 탐색(Exploration)이 기업의 혁신성과에 미치는 영향The Effects of Exploitation and Exploration on the Firm Innovation Performance in Emerging Economies
- Other Titles
- The Effects of Exploitation and Exploration on the Firm Innovation Performance in Emerging Economies
- Authors
- 이민선; 정지혜; 남대일
- Issue Date
- 2020
- Publisher
- 한국국제경영학회
- Keywords
- knowledge-based view; emerging economies; innovation; exploitation; exploration; 지식기반관점; 신흥 경제; 혁신; 활용(Exploitation); 탐색(Exploration)
- Citation
- 국제경영연구, v.31, no.1, pp.153 - 177
- Indexed
- KCI
- Journal Title
- 국제경영연구
- Volume
- 31
- Number
- 1
- Start Page
- 153
- End Page
- 177
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/59542
- DOI
- 10.14365/ibj.2020.31.1.6
- ISSN
- 1598-2718
- Abstract
- This study empirically analyzes the effects of exploitation and exploration on the innovation performance of emerging companies. We assumed that R&D expenditures or outsourcing production are positively associated with the level of innovation of the firm. The study conducted an analysis based on World Bank data collected from 2008 to 2009 for 1,555 companies in 11 emerging countries. As a result, firms in many emerging economies with insufficient resources and in low-tech manufacturing industries have shown that exploratory innovation activities, represented by investments in R&D expenditure, are still critical to achieving superior performance in new product production. On the other hand, exploitative activities through outsourcing did not have a significant impact on firms’ innovation performance. Through the results of this analysis, this study suggests that exploratory activities are meaningful in emerging countries to increase their innovation performance.
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