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- W3183376589 abstract "Despite the importance of exploration intensity for firms’ performance and survival, we lack a detailed understanding of how environmental shocks, which are increasingly common, influence firms’ exploration intensity. We argue that environmental shocks increase firms’ exploration intensity by breaking through firms’ inertia and that this relationship is stronger in firms with lower levels of unabsorbed financial slack because they experience greater urgency to adapt to their environment. We empirically validate our research model through a firm-fixed effects model testing the effect of the 2011 Fukushima nuclear disaster on the exploration intensity of nuclear energy firms using an international multisource panel-dataset. We contribute to both the literature on exploration and exploitation and on slack resources." @default.
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- W3183376589 date "2021-08-01" @default.
- W3183376589 modified "2023-10-16" @default.
- W3183376589 title "How environmental shocks influence firms’ exploration intensity: Evidence from a nuclear disaster" @default.
- W3183376589 doi "https://doi.org/10.5465/ambpp.2021.294" @default.
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