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Sustainability 2016, 8(3), 200; doi:10.3390/su8030200

Exploration and Exploitation as Antecedents of Environmental Performance: The Moderating Effect of Technological Dynamism and Firm Size

College of Business Administration, Hongik University, 94 Wausan-ro, Mapo-gu, Seoul 04066, Korea
Sogang Business School, Sogang University, 35 Baekbeom-ro, Mapo-gu, Seoul 04107, Korea
Author to whom correspondence should be addressed.
Academic Editor: Giuseppe Ioppolo
Received: 16 November 2015 / Revised: 11 February 2016 / Accepted: 22 February 2016 / Published: 25 February 2016
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [671 KB, uploaded 25 February 2016]   |  


This study aims to expand our understanding of environmental performance by adopting exploration and exploitation concepts, which are key types of firm innovation. We reveal exploration and exploitation as two important antecedents of proactive and reactive environmental performance. We also identify the conditions under which the distinct effects of these two types of innovation are moderated. Using a sample of 2060 firm-year observations over a 12-year period in various industries, we find that firm exploration positively affects proactive environmental performance, whereas firm exploitation positively influences reactive environmental performance. Furthermore, we find that the positive effect of exploitation on reactive environmental performance intensifies when technological dynamism is high, and the positive effect of exploration on proactive environmental performance strengthens when a firm is large. View Full-Text
Keywords: environmental performance; exploration and exploitation; moderating effect environmental performance; exploration and exploitation; moderating effect

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Yu, G.J.; Kwon, K.-M.; Lee, J.; Jung, H. Exploration and Exploitation as Antecedents of Environmental Performance: The Moderating Effect of Technological Dynamism and Firm Size. Sustainability 2016, 8, 200.

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