... by competitive dynamics. Drawing on vicarious learning theory, this study investigates how competitors' explorative CVC investments influence a focal firm's explorative CVC strategy and when imitation gives way to strategic differentiation. Design/methodology/approach Using panel data from 1,485 Chinese...

... advantage for firms, and failure to compete in this space can place the firm at a competitive disadvantage. Originality/value This study makes several contributions to the EM literature. Leveraging competitive dynamics and the institutional viewpoints, this study builds theory with regard to how signals...