6. Limitations and future research directions
This study contains some limitations which highlight several avenues for future research. First, one limitation is rooted in the crosssectional nature of the results, which prevents the establishment of the causal effects of absorptive capacity over time, although the study includes the lagged firm performance as a control variable taking account for the variation in firm performance initially.Second, this study emphasizes the consequences of market knowledge ACAP, its complementary function in addition to market orientation on firm performance, and the intermediary role of customer acquisition & retention, but this study does not address strategic antecedents of absorptive capacity of customer and competitor intelligence.