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류세라,최승호,Wen Zhen,Joseph T. Mahoney 한국경영학회 2021 한국경영학회 통합학술발표논문집 Vol.2021 No.8
This study investigates conditions under which the knowledge-originating firm is more likely to learn from other firms’ experience to revitalize its unutilized knowledge. In doing so, we examine 1,757 U.S. pharmaceutical firms from 1979 to 2017 concerning how their propensity to explore or exploit influences the subsequent use of their own unutilized or utilized knowledge. We find that engaging in exploration search promotes spill-ins of their unutilized knowledge to reinvent themselves in a new technological trajectory. In contrast, the exploitation search of firms enables spill-ins of utilized knowledge to extend and refine their existing knowledge. Further, the knowledge distance between the knowledge-originating firm and the recipient firm positively moderates these relationships.