DOES STRONGER R&D CAPABILITY ALWAYS PROMOTE BETTER INNOVATION? THE MODERATING ROLE OF KNOWLEDGE BOUNDARY SPANNING OF R&D NETWORK

Setting the research background in China, this study draws on absorptive capacity, knowledge inertia and prospect theory to show the relationship between R&D capability and innovation performance which comprises exploitation and exploration. We propose that stronger R&D capability promotes exploitation performance but inhibits exploration performance. As exploitation represents immediate interest and exploration represents long-term...