Sofka, Wolfgang; Grimpe, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
known about how the direction of search strategies influences innovation performance. In this paper, we argue that firms … that being open for innovation generally pays off. However, both moderating factors have a crucial role to play: On the one … novel knowledge and to enhance innovation performance. We develop targeted management recommendations based on these results. …