Journal
JOURNAL OF BUSINESS RESEARCH
Volume 158, Issue -, Pages -Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jbusres.2022.113623
Keywords
Strategic aggressiveness; Innovation; Firm size; Firm performance; Institutional theory; Resource -based view
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This study examines the differential impact of strategic aggressiveness on firm performance in large and small firms, drawing on the resource-based view (RBV), institutional theory, and the corporate entrepreneurship literature. The findings suggest that the relationship between strategic aggressiveness and firm-level performance is stronger in small firms compared to large firms.
Strategic aggressiveness, including product and process innovation, is a central construct in both the strategic management and entrepreneurship literatures, including strategic positioning, innovation, and competitive dy-namics. While scholars have considered antecedents to strategic aggressiveness, this area of research lacks empirical studies assessing the impact of a firm's innovative efforts on organizational-level outcomes. Moreover, most empirical studies examining strategic aggressiveness focus on large organizations. This study draws on the resource-based view (RBV), institutional theory, and the corporate entrepreneurship literature to examine the extent to which strategic aggressiveness differentially impacts firm performance in large and small firms. Using a two-sample design comprising 773 firms from 74 industries, this study finds that the relationship between strategic aggressiveness and firm-level performance is stronger in small firms compared to large firms.
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