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  • Manuscript_finalMay2016_Soetanto_Jack

    Rights statement: The final publication is available at Springer via http://dx.doi.org/10.1007/s10961-016-9533-0

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Slack resources, exploratory and exploitative innovation and the performance of small technology-based firms

Research output: Contribution to journalJournal article

E-pub ahead of print
<mark>Journal publication date</mark>16/12/2016
<mark>Journal</mark>The Journal of Technology Transfer
Number of pages19
Publication StatusE-pub ahead of print
Early online date16/12/16
<mark>Original language</mark>English

Abstract

This paper aims to contribute (1) to the understanding about how small technologybased
firms in spite of being constrained by limited resources, can still perform exploratory
and exploitative innovation and (2) to extend knowledge about the role of slack resources in
the context of small technology-based firms in facilitating those innovation activities. Herein,
we focus on two types of slack resources: internal slack, resources that are available within the
firms and external slack, additional resources that are gathered through the facilitation of
external sources such as business incubators. Using a sample of 141 small technology-based
firms located at incubators, this study combined two streams of research on incubator studies
and innovation to construct some hypotheses examining the role of slack resources and
innovation activities in enhancing the performance of small technology-based firms operating
in incubator setting. Our findings demonstrate that neither slack resources nor innovation
activities alone explain firm performance. Instead, small technology-based firms fit
their innovation activities to their slack resources. While the relationship between internal
slack and performance is mediated by exploitative innovation, exploratory innovation plays a
role as a mediator for the relationship between external slack and performance.

Bibliographic note

The final publication is available at Springer via http://dx.doi.org/10.1007/s10961-016-9533-0