“…Because of the importance of capability in both theory and practice, many studies have examined the effects of different organizational capabilities on performance (Hsiao and Chen, 2013). Some scholars have investigated the performance implications of different types of capability in terms of marketing capability Day, 1994), operational capability (Flynn et al, 2010;Ling et al, 2013;Mahmood et al, 2011;Tanriverdi and Venkatraman, 2005) and R&D capability (Argyres, 1996;Mahmood et al, 2011). From a resource-based perspective, previous studies have suggested that firms with superior capabilities enjoy superior financial performance Mahmood et al, 2011;Tanriverdi, 2005), since they can efficiently convert their resources into valuable and difficult-to-imitate capabilities, thereby achieving a competitive advantage (Nath et al, 2010).…”