Innovative competence has been argued to be a critical source of sustainable competitive advantage (Roberts, 1999; Geroski et al., 1993). By continuously introducing new products, firms can create new markets, overcome market barriers, and outperform their rivals (Schumpeter, 1934). Despite the...

This study applies the knowledge-based view of the firm to examine the relationships between exploration, characteristics of knowledge stock, and innovative performance. The article argues that the effectiveness of exploration on innovation is contingent upon two dimensions of knowledge stock:...