Firms face a ceaseless dilemma of adaptation to their environments by embracing the right combination of exploration/exploitation strategies. Regarding this quandary’s long-term impact, we propose a novel theoretical model linking the pursuit of exploration and exploitation approaches and the...

Value implications of corporate social responsibility (CSR) have been extensively studied in the existing literature. Yet, most prior investigations of this relationship analyze CSR’s impact on the level of firm value across different contexts without considering the risk associated with such...

We develop a typology of incumbent adaptations to emerging disruptive business model innovations, based on two generic strategies: (i) explorative adoption of a disruptive business model, (ii) exploitative strengthening of the existing business model. We derive and test hypotheses concerning the...