Underperformance duration and SMEs’ technology and market search: The moderating roles of firm risks and industrial munificence

Key Points

• Underperformance durations lead to reduced effectiveness in both technology and market search efforts.
• A critical decrease of 25% was noted in innovation outputs linked to prolonged underperformance periods.
• Assessment using various metrics indicates firm risks heighten the challenges faced in technology search across sectors.
• The findings suggest that understanding industry dynamics is vital for supporting SMEs during unfavorable conditions.