Dynamic capabilities and firm performance in a financial crisis

Makkonen, Hannu; Pohjola, Mikko; Olkkonen, Rami; Koponen, Aki

doi:10.1016/j.jbusres.2013.03.020

Cited by 251 publications

(225 citation statements)

References 67 publications

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“…The Schumpeterian view hypothesized that the routines and capabilities that comprise the fundamental structure of a firm and the evolutionary that fit between environment and a firm are what determine performance (Makkonen et al, 2014). Moreover, the view suggested that the novel combination of knowledge and the firm's existing resources into new operational capabilities constitutes the fundamental of dynamic capabilities (Jiao et al, 2013;Makkonen et al, 2014;Pavlou and Sawy, 2011).…”

Section: Dynamic Capabilitiesmentioning

confidence: 99%

Mediating Role of Dynamic Capabilities on the Relationship between Intellectual Capital and Performance: A Hierarchical Component Model Perspective in PLS-SEM Path Modeling

Aminu¹,

Mahmood²

2015

Research J. of Business Management

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The strategy of accumulating valuable assets guided by the firm's intellectual right is often not enough to support a significant performance in a rapidly changing environment. Hence, in such an environment, superior performance relies upon the ability of a firm to integrate, build and reconfigure those resources, the process of which is termed as dynamic capabilities. Hence, the purpose of this study is to investigate the mediating role of dynamic capabilities on the relationship between intellectual capital and manufacturing firm performance in a turbulent business setting. The data was gathered from 124 manufacturing enterprises in Nigeria and analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM). The analyzed data supported all the hypothesized relationships of the study. Hence, the study found that there is positive relationships between all the dimensions of intellectual capital and dynamic capabilities and also dynamic capabilities mediate the relationship between intellectual capital and performance. Consequently, this study concluded that managers need to deploy not only valuable resources but also dynamic capabilities by reconfiguring their existing resources to conceive of and implement difficult to replicate value adding strategies. Finally, the study outlined some limitations that opened the avenues for future research.

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Section: Dynamic Capabilitiesmentioning

confidence: 99%

Mediating Role of Dynamic Capabilities on the Relationship between Intellectual Capital and Performance: A Hierarchical Component Model Perspective in PLS-SEM Path Modeling

Aminu¹,

Mahmood²

2015

Research J. of Business Management

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“…O Produto Interno Bruto (PIB) ainda está abaixo de seu pico pré-crise em muitos países desenvolvidos, especialmente na Europa, onde a crise financeira evoluiu para a crise do euro (MAKKONEN et al, 2014).…”

Section: A Bolha Imobiliária E a Crise Econômica Mundial De 2008unclassified

A Crise Econômica Mundial De 2008 E O Reflexo Sobre as Instituições Bancárias Brasileiras

Drago¹,

Moura

Marchi

2017

Estudo & Debate

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Resumo: Este artigo tem o objetivo de explicar por meio da literatura acadêmica como as instituições bancárias brasileiras reagiram a crise econômica mundial de 2008. Assim, realizou-se uma pesquisa bibliográfica a partir das bases Web Of Science e Scielo, analisando trabalhos defendidos entre os anos de 2007 e 2015, indexados pelos termos: (I) A bolha imobiliária e a crise econômica mundial de 2008; (II) A crise econômica nas instituições bancárias brasileiras. Os resultados apontam que os bancos brasileiros foram pouco impactados pela crise econômica mundial, pois souberam redirecionar a sua fonte de receita para produtos de baixo risco, sendo que as poucas operações que oferecem maior risco são ofertadas para clientes que passam por criteriosa análise de crédito e apresentam garantias vinculadas às operações. Palavras-chave:Crise Econômica. Instituições Bancárias Brasileiras. The results show that Brazilian banks were little affected by the global economic crisis, because they knew redirect their source of revenue for low-risk products, and the few operations that offer higher risk are offered to customers who have gone through careful analysis and presenting guarantees linked to operations. THE WORLD ECONOMIC CRISIS OF 2008 AND GLARE ON BANKING INSTITUTIONS BRAZILIAN

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“…Therefore, dynamic capabilities have been defined as the company's potential to systematically solve problems, sense opportunities and threats, make timely decisions, and implement strategic decisions and changes efficiently to ensure that the company is following the right path [Li, Liu, 2014, p. 2793. Dynamic capabilities are thus related to organizational change that promotes innovation and, as a result, improves the company's evolutionary fitness [Makkonen et al, 2014]. The dynamic capabilities perspective garnered much attention because a resource-based strategy grounded on the simple accumulation of valuable assets/resources, protected by an aggressive intellectual property stance, proved inadequate to support a significant competitive advantage [Teece et al, 1997].…”

Section: Theoretical Background and Research Hypothesesmentioning

confidence: 99%

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Dynamic capabilities and firm performance in a financial crisis

Cited by 251 publications

References 67 publications

Mediating Role of Dynamic Capabilities on the Relationship between Intellectual Capital and Performance: A Hierarchical Component Model Perspective in PLS-SEM Path Modeling

Mediating Role of Dynamic Capabilities on the Relationship between Intellectual Capital and Performance: A Hierarchical Component Model Perspective in PLS-SEM Path Modeling

A Crise Econômica Mundial De 2008 E O Reflexo Sobre as Instituições Bancárias Brasileiras

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