Too Much of a Good Thing? The Nonlinear Effect of Dynamic Capabilities on New Venture Survival

Ritter, Thomas; Walter, Achim; Sienknecht, Monika; Coviello, Nicole

doi:10.5465/ambpp.2018.241

Cited by 2 publications

(1 citation statement)

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“…A few studies further investigate the degree of market dynamism and volatility of the environment in which high-tech entrepreneurial ventures operate, with inconclusive results. In fact, they do not find support for the argument that the positive relation between DCs and firm performance is influenced by market dynamism, either positively or negatively ( Wu, 2010 ; Wang et al, 2015 ; Ritter et al, 2018 ).…”

Section: Background and Hypothesesmentioning

confidence: 77%

Dynamic capabilities and high-tech entrepreneurial ventures’ performance in the aftermath of an environmental jolt

Colombo

Piva

Quas

et al. 2021

Long Range Planning

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This paper contributes to studies on dynamic capabilities (DCs) by showing that a neglected environmental contingency – i.e. the occurrence of a jolt – shapes the DCs–performance relationship. We focus on high-tech entrepreneurial ventures because these are the firms that jolts affect most; in so doing, we also advance the understanding of DCs in the entrepreneurship field. We argue that, in the aftermath of an environmental jolt, the high-tech entrepreneurial ventures that use internationalization and new product development capabilities to modify their resource configuration and regain environmental fit enjoy better performance. Econometric estimates on a sample of 340 Italian high-tech entrepreneurial ventures confronting the consequences of the global economic crisis that began in 2008 confirm that separately using these two DCs has a positive performance effect. This effect is stronger for relatively smaller ventures. Interestingly, despite synergies should arise from the combined use of the two DCs, we do not detect any superadditive effects.

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Section: Background and Hypothesesmentioning

confidence: 77%