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Search Behavior and Catch-up of Firms in Emerging Markets

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Authors
Miao, Yuzhe; Song, Jaeyong
Issue Date
2014-12
Publisher
College of Business Administration (경영대학)
Citation
Seoul Journal of Business, Vol.20 No.2, pp. 71-90
Keywords
catch-upsearch behaviorChinainnovationpatenttechnology
Abstract
This study investigates catch-up in the form of knowledge creation of firms in emerging markets by stressing two distinct types of search behaviors of an organization – horizontal search and vertical search. Based on an empirical analysis of 204 Chinese firms, this study provides new theoretical insights into and practical implications by emphasizing that in order to catch-up, firms in emerging markets should adopt idiosyncratic search strategies different from those of firms in more advanced countries. The regression results show that due to their under-developed absorptive capacity, firms in emerging markets should avoid searching in diverse knowledge fields, as established large firms in advanced countries are encouraged to do, in order to innovate successfully. Our findings also suggest that searching for recent and emerging knowledge helps firms in emerging markets overcome their learning curve disadvantage in the process of catch-up.
ISSN
1226-9816
Language
English
URI
http://hdl.handle.net/10371/94356
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College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Seoul Journal of BusinessSeoul Journal of Business Volume 20, Number 1/2 (2014)
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