Abstract:This article extends the current research on innovation by investigating the relationship between innovative capabilities and export firms’ overall performance. From the perspectives of the resource-based view (RBV) and dynamic capability, we examine the differential and interactive effects of exploration and exploitation capabilities in product innovation for external markets and overall performance (direct and mediated by a new product). In addition, we test the moderating effect of market dynamism and the c… Show more
“…Similar to previous studies (Cabral et al, 2015;Cao, Gedajlovic, & Zhang, 2009;Jansen, Van Den Bosch, & Volberda, 2006;Lisboa, Skarmeas, & Lages, 2013;O'reilly & Tushman, 2013;Wei et al, 2014), the result confirming the positive effect of DCs on the performance of companies listed in B3 S/A shows that, overall, investments in DC development enable BP improvement in Brazilian companies. Therefore, this outcome shows the importance of developing the skills and capabilities of these companies to (re)configure their assets/resources in order to adapt them to dynamic changes in the Brazilian market and to search for the appropriate improvement of their business performance (Eisenhardt & Martin, 2000;Teece, 2007Teece, , 2009Teece et al, 1997).…”
Section: Resultssupporting
confidence: 87%
“…These authors found that the ambidextrous capability is related to company performance measured through a scale based on sales increase, on greater participation in the market, on gross ROE and on return in total assets. Based on exams in the direct and interactive effects of capabilities, either "exploitation" or "exploration", on product innovation for foreign markets and on general company performance, Cabral, Coelho, Coelho and Costa (2015) used data from 498 Brazilian exports companies in their research and concluded that exploitation capabilities influence product innovation and global performance (ambidexterity), whereas exploration capabilities, and their interaction with the exploitation ones (ambidexterity), influence the overall performance rather than product innovation.…”
Section: The DC -Bp Relationshipmentioning
confidence: 99%
“…Thus, among other possibilities, such as non-linear relationships, it is possible to find DC's moderating and/or mediating function in the CG -BP relationship. Cabral et al (2015) found that the relationship between exploitation capabilities and global performance is mediated by product innovation. Therefore, the present study contributes to the theory by defining how exploration capabilities influence general performance, either directly or indirectly, through product innovation.…”
Section: The Moderating And/or Mediating Effect Of the Cg -Dc -Bp Relationshipmentioning
Purpose- The main objective is to analyze the direct effect of Corporate Governance (CG) on Dynamic Capabilities (DCs) and on Business Performance (BP), and the moderating and/or mediating impact of DCs on the CG-BP relationship.Methodology- The quantitative analysis was performed through PLS-SEM. Data were collected through a survey involving companies listed in B3 S/A from 2014 to 2016, except for companies from the financial sector. The final sample encompassed 195 companies per assessed year, thus totaling 585 observations concerning 2014, 2015 and 2016.Findings- Confirmed the direct and positive effect of CG on DC development, as well as DC’s influence on BP and the mediating effect of DC on the CG - BP relationship. The main conclusion was that DCs are a powerful mediating influence on the CG-BP relationship. Hence, even with efficient corporate governance mechanisms, the companies must make decisions in line with their dynamic capabilities as a way to reach better business performance.Limitations- Research cross-section method of data collection; and universe of companies listed in the Brazilian stock market.Practical implications- For example, the rejected hypothesis about the direct effect of CG on BP and the confirmation of the indirect effect via DCs suggests the analysis of aspects related to costs with monitoring procedures applied to agency conflicts and to complementary factors that must be achieved in order to boost performance. On practical terms, the results contribute to companies that look for the best and most satisfactory performance in the markets they work in.
“…Similar to previous studies (Cabral et al, 2015;Cao, Gedajlovic, & Zhang, 2009;Jansen, Van Den Bosch, & Volberda, 2006;Lisboa, Skarmeas, & Lages, 2013;O'reilly & Tushman, 2013;Wei et al, 2014), the result confirming the positive effect of DCs on the performance of companies listed in B3 S/A shows that, overall, investments in DC development enable BP improvement in Brazilian companies. Therefore, this outcome shows the importance of developing the skills and capabilities of these companies to (re)configure their assets/resources in order to adapt them to dynamic changes in the Brazilian market and to search for the appropriate improvement of their business performance (Eisenhardt & Martin, 2000;Teece, 2007Teece, , 2009Teece et al, 1997).…”
Section: Resultssupporting
confidence: 87%
“…These authors found that the ambidextrous capability is related to company performance measured through a scale based on sales increase, on greater participation in the market, on gross ROE and on return in total assets. Based on exams in the direct and interactive effects of capabilities, either "exploitation" or "exploration", on product innovation for foreign markets and on general company performance, Cabral, Coelho, Coelho and Costa (2015) used data from 498 Brazilian exports companies in their research and concluded that exploitation capabilities influence product innovation and global performance (ambidexterity), whereas exploration capabilities, and their interaction with the exploitation ones (ambidexterity), influence the overall performance rather than product innovation.…”
Section: The DC -Bp Relationshipmentioning
confidence: 99%
“…Thus, among other possibilities, such as non-linear relationships, it is possible to find DC's moderating and/or mediating function in the CG -BP relationship. Cabral et al (2015) found that the relationship between exploitation capabilities and global performance is mediated by product innovation. Therefore, the present study contributes to the theory by defining how exploration capabilities influence general performance, either directly or indirectly, through product innovation.…”
Section: The Moderating And/or Mediating Effect Of the Cg -Dc -Bp Relationshipmentioning
Purpose- The main objective is to analyze the direct effect of Corporate Governance (CG) on Dynamic Capabilities (DCs) and on Business Performance (BP), and the moderating and/or mediating impact of DCs on the CG-BP relationship.Methodology- The quantitative analysis was performed through PLS-SEM. Data were collected through a survey involving companies listed in B3 S/A from 2014 to 2016, except for companies from the financial sector. The final sample encompassed 195 companies per assessed year, thus totaling 585 observations concerning 2014, 2015 and 2016.Findings- Confirmed the direct and positive effect of CG on DC development, as well as DC’s influence on BP and the mediating effect of DC on the CG - BP relationship. The main conclusion was that DCs are a powerful mediating influence on the CG-BP relationship. Hence, even with efficient corporate governance mechanisms, the companies must make decisions in line with their dynamic capabilities as a way to reach better business performance.Limitations- Research cross-section method of data collection; and universe of companies listed in the Brazilian stock market.Practical implications- For example, the rejected hypothesis about the direct effect of CG on BP and the confirmation of the indirect effect via DCs suggests the analysis of aspects related to costs with monitoring procedures applied to agency conflicts and to complementary factors that must be achieved in order to boost performance. On practical terms, the results contribute to companies that look for the best and most satisfactory performance in the markets they work in.
“…Firms' resources and capabilities are the main determinants of firms' performance [30] and they are important in providing and sustaining their competitive advantage [31]. From a performance point of view J. D. E. O. Cabral et al reviewed several studies and summarized that firms typically develop and apply knowledge and skills that make them more innovative and increase their overall performance [32].…”
“…External problems faced by MSMEs include the high transaction costs due to unfavorable business climate, scarcity of raw materials, technology, government policies as well as the acquisition of formal legality which is still a fundamental problem for MSMEs in Indonesia. Cabral et al, (2015) states that the factors that determine the capability of a business network are innovation. Innovation, which is one of the three dimensions of entrepreneurial orientation, is closely related to the ability to apply creativity in order to solve problems and opportunities to improve and enrich life.…”
The Micro, Small and Medium Enterprises (MSMEs) of milkfish presto in Semarang have decreased in terms of quantity and quality. The problems faced are the low levels of productivity due to the internal factors, such as: the quality of Human Resources, limited information on access to capital, innovation, and business networking capabilities; and the external factors, such as: high transaction costs, scarcity of raw materials, the acquisition of formal legality and government policies,. This study raised the prestige of milkfish MSMEs in Semarang because it continued to experience a decline from 2013-2019, amounting to 48.64% due to these internal and external factors. Therefore, the aims of this study is to analyze the effect of labor, business capital, innovation, government policy, and networking capabilities on the performance of young entrepreneurs at milkfish presto MSMEs in Semarang. The source data is used by the collection of questionnaires from 41 respondents of the milkfish presto MSME owners in Semarang. The analytical method using multiple regression by SPSS 21 analysis tools. The results showed that business capital, innovation, government policies, and networking capabilities significantly influence the performance of young entrepreneurs, and labor does not significantly influence the performance of young entrepreneurs. The conclusion of this study is that to improve the performance of young entrepreneurs, it is necessary to encourage increased business capital, innovation, and government policies, as well as networking capabilities
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