The performance effect of two different dimensions of absorptive capacity and moderating role of holding-cash
- Authors
- Park, Ji-Hoon; Choi, Jeong-Duk
- Issue Date
- Oct-2017
- Publisher
- Carfax Publishing Ltd.
- Keywords
- Absorptive capacity; cognitive schema; organisational slack; financial performance
- Citation
- Technology Analysis and Strategic Management, v.29, no.9, pp.1033 - 1047
- Indexed
- SSCI
SCOPUS
- Journal Title
- Technology Analysis and Strategic Management
- Volume
- 29
- Number
- 9
- Start Page
- 1033
- End Page
- 1047
- URI
- https://scholarworks.bwise.kr/hanyang/handle/2021.sw.hanyang/3194
- DOI
- 10.1080/09537325.2016.1268681
- ISSN
- 0953-7325
- Abstract
- This study identified two different dimensions of absorptive capacity and examined the relationship between absorptive capacity and a firm's financial performance. Further, we measured absorptive capacity using both the inputs and outputs involved in its development simultaneously, and investigated the complementary role of holding-cash in the performance effect of two dimensions of absorptive capacity. Our results showed that a firm's homogeneous absorptive capacity has a positive effect on its short-term performance, while a firm's heterogeneous absorptive capacity may hinder its short-term business performance. However, a high level of either homogeneous or heterogeneous absorptive capacity is not always useful to a firm's long-term financial performance. Finally, cash, as a slack resource, was found to be more useful for the performance effect of heterogeneous absorptive capacity than for that of homogeneous absorptive capacity in the short term.
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