Dynamic Capabilities and Organizational Performance: A Meta‐Analytic Evaluation and Extension

We move the dynamic capabilities view (DCV) forward in two important ways by meta-analysing prior empirical studies. First, we evaluate the two core theoretical tenets of the DCV: (1) Dynamic capabilities are positively related to performance, and (2) this relationship is stronger in industries with higher levels of technological dynamism. We find support for the former (rc = 0.296) but not for the latter, though results suggest the existence of moderators. Second, we theorize and demonstrate empirically that higher-order dynamic capabilities are more strongly related to performance than lower-order dynamic capabilities, lower-order dynamic capabilities partially mediate the relationship between higher-order dynamic capabilities and performance, and dynamic capabilities contribute more to performance in developing economies than in developed economies. These findings illustrate how the nature of the dynamic capability and the economic context in which it is utilized shape its value, thus offering a more nuanced conceptualization of the dynamic capabilities-performance relationship. [ABSTRACT FROM AUTHOR]

[1]  J. Dunning.  The eclectic paradigm as an envelope for economic and business theories of MNE activity , 2000 .

[2]  Omar R. Malik,et al.  Dynamic Capabilities, Government Policies, and Performance in Firms from Emerging Economies: Evidence from India and Pakistan , 2009 .

[3]  Catherine L. Wang,et al.  Dynamic Capabilities: A Review and Research Agenda , 2007 .

[4]  Li-Chang Hsu.  Clarifying the Effect of Intellectual Capital on Performance: The Mediating Role of Dynamic Capability , 2012 .

[5]  Sanjay Sharma,et al.  A Contingent Resource-Based View of Proactive Corporate Environmental Strategy , 2003 .

[6]  D. Ones,et al.  Theory testing: Combining psychometric meta-analysis and structural equations modeling , 1995 .

[7]  Catherine M. Dalton,et al.  Top Management Teams, Strategy and Financial Performance: A Meta-Analytic Examination , 2006 .

[8]  S. Winter,et al.  The Schumpeterian Tradeoff Revisited , 1982 .

[9]  Koen H. Heimeriks,et al.  Manifestations of Higher-Order Routines: The Underlying Mechanisms of Deliberate Learning in the Context of Postacquisition Integration , 2012 .

[10]  R. Coff.  When Competitive Advantage Doesn't Lead to Performance: The Resource-Based View and Stakeholder Bargaining Power , 1999 .

[11]  Homin Chen,et al.  Network Linkages and Location Choice in Foreign Direct Investment , 1998 .

[12]  S. Winter.  Understanding dynamic capabilities , 2003 .

[13]  R. David,et al.  A systematic assessment of the empirical support for transaction cost economics , 2004 .

[14]  Will Mitchell,et al.  Selection Capability: How Capability Gaps and Internal Social Frictions Affect Internal and External Strategic Renewal , 2009, Organ. Sci..

[15]  Maurizio Zollo,et al.  Deliberate Learning and the Evolution of Dynamic Capabilities , 2002 .

[16]  Erwin Danneels,et al.  Second‐order competences and Schumpeterian rents , 2012 .

[17]  I-Chieh Hsu,et al.  Relationship between Intellectual Capital and Knowledge Management: An Empirical Investigation , 2012, Decis. Sci..

[18]  Ralf Wilden,et al.  The impact of dynamic capabilities on operational marketing and technological capabilities: investigating the role of environmental turbulence , 2015 .

[19]  Michael D. Santoro,et al.  Alliance Portfolio Diversity and Firm Performance , 2010 .

[20]  R. Chiva-Gómez,et al.  Design management capability and product innovation in SMEs , 2013 .

[21]  M. Sarkar,et al.  Alliance entrepreneurship and firm market performance , 2001 .

[22]  B. Menguc,et al.  Creating a firm-level dynamic capability through capitalizing on market orientation and innovativeness , 2006 .

[23]  Y. Caloghirou,et al.  Dynamic capabilities and their indirect impact on firm performance , 2012 .

[24]  Véronique Ambrosini,et al.  What are Dynamic Capabilities and are They a Useful Construct in Strategic Management? , 2009 .

[25]  Constance E. Helfat,et al.  Untangling dynamic and operational capabilities: strategy for the (n)ever-changing world , 2011 .

[26]  Xiaoming He,et al.  Can strong home country institutions foster the internationalization of MNEs , 2012 .

[27]  P. Drnevich,et al.  Clarifying the conditions and limits of the contributions of ordinary and dynamic capabilities to relative firm performance , 2011 .

[28]  Julian di Giovanni.  What Drives Capital Flows? The Case of Cross-Border M&A Activity and Financial Deepening , 2002 .

[29]  Christopher B. Bingham,et al.  Rational heuristics: the ‘simple rules’ that strategists learn from process experience , 2011 .

[30]  Shih‐Yi Chien,et al.  Dynamic capability, knowledge, learning, and firm performance , 2012 .

[31]  Lei-Yu Wu,et al.  Applicability of the resource-based and dynamic-capability views under environmental volatility , 2010 .

[32]  Mie Augier,et al.  Dynamic Capabilities and the Role of Managers in Business Strategy and Economic Performance , 2009, Organ. Sci..

[33]  Stav Fainshmidt,et al.  Enterprise Risk Management as a Dynamic Capability: A Test of Its Effectiveness During a Crisis , 2013 .

[34]  M. Rosenberg,et al.  THE FILE‐DRAWER PROBLEM REVISITED: A GENERAL WEIGHTED METHOD FOR CALCULATING FAIL‐SAFE NUMBERS IN META‐ANALYSIS , 2005, Evolution; international journal of organic evolution.

[35]  S. Zahra,et al.  Absorptive Capacity: A Review, Reconceptualization, and Extension , 2002 .

[36]  Alvaro Cuervo-Cazurra,et al.  Extending theory by analyzing developing country multinational companies: Solving the Goldilocks debate , 2012 .

[37]  Maurizio Zollo,et al.  Dynamic capabilities, deliberate learning and environmental dynamism: a simulation model , 2010 .

[38]  Alvaro Cuervo-Cazurra,et al.  Who cares about corruption? , 2006 .

[39]  Kathleen M. Eisenhardt,et al.  CROSSROADS - Microfoundations of Performance: Balancing Efficiency and Flexibility in Dynamic Environments , 2010, Organ. Sci..

[40]  Cornelia Dröge,et al.  Does Product Platform Strategy Mediate the Effects of Supply Chain Integration on Performance? A Dynamic Capabilities Perspective , 2013, IEEE Transactions on Engineering Management.

[41]  Mingfang Li,et al.  Environmental dynamism, capital structure and performance: a theoretical integration and an empirical test , 2000 .

[42]  Claus Rerup,et al.  Beyond Collective Entities: Multilevel Research on Organizational Routines and Capabilities , 2011 .

[43]  J. Short,et al.  Publication Bias in Strategic Management Research , 2017 .

[44]  N. Suresh,et al.  An impact of manufacturing flexibility and technological dimensions of manufacturing strategy on improving supply chain responsiveness: Business environment perspective , 2013 .

[45]  Xinchun Li,et al.  Management and Organization Review 3:2 205–225 doi: 10.1111/j.1740-8784.2007.00069.x CEO Duality and Firm Performance during China’s Institutional Transitions , 2022 .

[46]  Shaoming Zou,et al.  Antecedents and consequences of marketing dynamic capabilities in international joint ventures , 2009 .

[47]  J. Mathews.  Dragon multinationals: New players in 21st century globalization , 2006 .

[48]  R. Orwin.  A fail-safe N for effect size in meta-analysis. , 1983 .

[49]  David L. Deeds,et al.  DYNAMIC CAPABILITIES AND NEW PRODUCT DEVELOPMENT IN HIGH TECHNOLOGY VENTURES: AN EMPIRICAL ANALYSIS OF NEW BIOTECHNOLOGY FIRMS , 2000 .

[50]  R. Reed,et al.  Causal Ambiguity, Barriers to Imitation, and Sustainable Competitive Advantage , 1990 .

[51]  Wolfgang Viechtbauer,et al.  Conducting Meta-Analyses in R with the metafor Package , 2010 .

[52]  Yadong Luo.  Industrial dynamics and managerial networking in an emerging market: the case of China , 2003 .

[53]  Paul A. Pavlou,et al.  Technology-Based New Product Development Partnerships , 2006, Decis. Sci..

[54]  Hazhir Rahmandad,et al.  Impact of Growth Opportunities and Competition on Firm-Level Capability Development Trade-offs , 2012, Organ. Sci..

[55]  Margaret A. Peteraf,et al.  Published online in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/mde.1126 Unraveling The Resource-Based Tangle , 2022 .

[56]  J. Dunning.  Toward an Eclectic Theory of International Production: Some Empirical Tests , 1980 .

[57]  Kalevi Kyläheiko,et al.  Entrepreneurial Orientation, Dynamic Capabilities and International Performance , 2005 .

[58]  Brian R. Webb,et al.  Predicting web services performance from internet performance: an empirical study of resources and capabilities in e-business SMEs , 2008, J. Knowl. Manag..

[59]  S. Thornhill.  Knowledge, innovation and firm performance in high- and low-technology regimes , 2006 .

[60]  M. Hitt,et al.  Organizational transformation in transition economies: resource-based and organizational learning perspectives , 2003 .

[61]  Ralf Wilden,et al.  Dynamic capabilities and performance : strategy, structure and environment , 2013 .

[62]  Sidney G. Winter,et al.  Capabilities: Their Origins and Ancestry , 2012 .

[63]  Gregory G. Dess,et al.  Dimensions of Organizational Task Environments. , 1984 .

[64]  Oscar F. Bustinza,et al.  Explaining the Causes and Effects of Dynamic Capabilities Generation: A Multiple‐Indicator Multiple‐Cause Modelling Approach , 2013 .

[65]  James G. Combs,et al.  Strategic resources and performance: a meta‐analysis , 2008 .

[66]  John E. Hunter,et al.  Fixed Effects vs. Random Effects Meta‐Analysis Models: Implications for Cumulative Research Knowledge , 2000 .

[67]  Mike W. Peng.  Institutional Transitions and Strategic Choices , 2003 .

[68]  Denise Jarratt,et al.  Conceptualizing a relationship management capability , 2004 .

[69]  Christoph Zott,et al.  DYNAMIC CAPABILITIES AND THE EMERGENCE OF INTRAINDUSTRY DIFFERENTIAL FIRM PERFORMANCE: INSIGHTS FROM A SIMULATION STUDY , 2003 .

[70]  Jenifer Piesse,et al.  R&D, internationalization and growth of newly listed firms: European evidence , 2009 .

[71]  Constance E. Helfat,et al.  Dynamic Managerial Capabilities , 2015 .

[72]  Gary N. McLean,et al.  Dynamic capability: Impact of process alignment and organizational learning culture on performance , 2010 .

[73]  Paul A. Pavlou,et al.  The 'Third Hand': IT-Enabled Competitive Advantage in Turbulence Through Improvisational Capabilities , 2009, Inf. Syst. Res..

[74]  A. Lockett,et al.  The Development of the Resource-Based View of the Firm: A Critical Appraisal , 2009 .

[75]  Daphne W. Yiu,et al.  Corporate Entrepreneurship as Resource Capital Configuration in Emerging Market Firms , 2007 .

[76]  Laura B. Cardinal,et al.  Curvilinearity in the diversification–performance linkage: an examination of over three decades of research , 2000 .

[77]  D. Teece.  Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance , 2007 .

[78]  Jamal Shamsie,et al.  In with the old, in with the new: capabilities, strategies, and performance among the Hollywood studios , 2009 .

[79]  T. Khanna,et al.  Why Focused Strategies May Be Wrong for Emerging Markets , 1997 .

[80]  Joseph T. Mahoney,et al.  HOW DYNAMICS , MANAGEMENT , AND GOVERNANCE OF RESOURCE DEPLOYMENTS INFLUENCE FIRM-LEVEL PERFORMANCE , 2005 .

[81]  Julie Battilana,et al.  The network secrets of great change agents. , 2013, Harvard business review.

[82]  Erwin Danneels.  Organizational antecedents of second‐order competences , 2008 .

[83]  A. Morrison,et al.  Global Value Chains and Technological Capabilities: A Framework to Study Learning and Innovation in Developing Countries , 2008 .

[84]  T. Eng,et al.  AN INVESTIGATION OF MARKETING CAPABILITIES AND UPGRADING PERFORMANCE OF MANUFACTURERS IN MAINLAND CHINA AND HONG KONG , 2009 .

[85]  D. Teece,et al.  DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT , 1997 .

[86]  Heng Liu,et al.  Antecedents and consequences of corporate diversification , 2011 .

[87]  Oliver Schilke.  On the Contingent Value of Dynamic Capabilities for Competitive Advantage: The Nonlinear Moderating Effect of Environmental Dynamism , 2014 .

[88]  Aron O'Cass,et al.  Examining the role of within functional area resource–capability complementarity in achieving customer and product-based performance outcomes , 2012 .

[89]  Jean-Philippe Vergne,et al.  The Path of Most Persistence: An Evolutionary Perspective on Path Dependence and Dynamic Capabilities , 2010 .

[90]  P. Bierly,et al.  Alternative Knowledge Strategies, Competitive Environment, and Organizational Performance in Small Manufacturing Firms , 2007 .

[91]  María Leticia Santos-Vijande,et al.  The brand management system and service firm competitiveness , 2013 .

[92]  Subrata Chakrabarty,et al.  The Long-Term Sustenance of Sustainability Practices in MNCs: A Dynamic Capabilities Perspective of the Role of R&D and Internationalization , 2012 .

[93]  Keun-Hyo Yook,et al.  Relationship between Organizational Capabilities and Performance of Target Costing: An Empirical Study of Japanese Companies , 2008 .

[94]  María Magdalena Jiménez-Barrionuevo,et al.  Transformational Leadership Influence on Organizational Performance Through Organizational Learning and Innovation , 2012 .

[95]  Yadong Luo,et al.  Market-seeking MNEs in an emerging market: How parent–subsidiary links shape overseas success , 2003 .

[96]  Brian R. Gordon,et al.  A Multidimensional Conceptualization of Environmental Velocity , 2010 .

[97]  Kuo-Feng Huang,et al.  How Does a Technological Firm Develop Its Competitive Advantage? A Dynamic Capability Perspective , 2012, IEEE Transactions on Engineering Management.

[98]  Charlotte H. Mason,et al.  Market orientation, marketing capabilities, and firm performance , 2009 .

[99]  Constance E. Helfat,et al.  Understanding dynamic capabilities: progress along a developmental path , 2009 .

[100]  Ying Lu,et al.  Proactive or reactive IT leaders? A test of two competing hypotheses of IT innovation and environment alignment , 2010, Eur. J. Inf. Syst..

[101]  Georg Schreyögg,et al.  How dynamic can organizational capabilities be? Towards a dual-process model of capability dynamization , 2007 .

[102]  C. Maritan.  CAPITAL INVESTMENT AS INVESTING IN ORGANIZATIONAL CAPABILITIES: AN EMPIRICALLY GROUNDED PROCESS MODEL , 2001 .

[103]  Murali D. R. Chari,et al.  Sustaining superior performance in an emerging economy: an empirical test in the Indian context , 2012 .

[104]  Yiannis E. Spanos,et al.  Industry-Versus Firm-specific Effects on Performance:: Contrasting SMEs and Large-sized Firms , 2004 .

[105]  R. Tweedie,et al.  A Nonparametric “Trim and Fill” Method of Accounting for Publication Bias in Meta-Analysis , 2000 .

[106]  Marjorie A. Lyles,et al.  Dynamic Capabilities: Current Debates and Future Directions , 2009 .

[107]  Kathleen M. Eisenhardt,et al.  DYNAMIC CAPABILITIES, WHAT ARE THEY? , 2000 .

[108]  Garry D. Bruton,et al.  International venturing by emerging economy firms: the effects of firm capabilities, home country networks, and corporate entrepreneurship , 2007 .

[109]  S. Jayachandran,et al.  The Relative Impact of Marketing, Research-and-Development, and Operations Capabilities on Firm Performance , 2008 .

[110]  Suma Athreye,et al.  The Indian Software Industry and its Evolving Service Capability , 2005 .

[111]  Neil A. Morgan,et al.  Export marketing strategy implementation, export marketing capabilities, and export venture performance , 2011, Journal of the Academy of Marketing Science.

[112]  Paul C. Godfrey,et al.  THE PROBLEM OF UNOBSERVABLES IN STRATEGIC MANAGEMENT RESEARCH , 1995 .

[113]  Andreu Blesa,et al.  The influence of marketing capabilities on economic international performance , 2008 .

[114]  Yu-Shan Chen,et al.  The Determinants of Green Product Development Performance: Green Dynamic Capabilities, Green Transformational Leadership, and Green Creativity , 2013 .

[115]  Mary Tripsas.  Unraveling The Process Of Creative Destruction: Complementary Assets And Incumbent Survival In The Typesetter Industry , 1997 .

[116]  Richard J. Arend.  Ethics-focused dynamic capabilities: a small business perspective , 2013 .

[117]  Gianmario Verona.  A Resource-Based View of Product Development , 1999 .

[118]  Eric T. G. Wang,et al.  The strategic value of supply chain visibility: increasing the ability to reconfigure , 2010, Eur. J. Inf. Syst..

[119]  P. Schoemaker,et al.  Strategic assets and organizational rent , 1993 .

[120]  Ahmet H. Kirca,et al.  Firm-Specific Assets, Multinationality, and Financial Performance: A Meta-Analytic Review and Theoretical Integration , 2010 .

[121]  J. Barney,et al.  CAPABILITIES, BUSINESS PROCESSES, AND COMPETITIVE ADVANTAGE: CHOOSING THE DEPENDENT VARIABLE IN EMPIRICAL TESTS OF THE RESOURCE-BASED VIEW , 2004 .

[122]  María Leticia Santos-Vijande,et al.  How organizational learning affects a firm's flexibility, competitive strategy, and performance☆ , 2012 .

[123]  G. Knight,et al.  Conceptualizing accelerated internationalization in the born global firm: A dynamic capabilities perspective , 2007 .

[124]  Hao Jiao,et al.  Dynamic capabilities, strategic stakeholder alliances and sustainable competitive advantage: evidence from China , 2011 .

[125]  Harbir Singh,et al.  Building firm capabilities through learning: the role of the alliance learning process in alliance capability and firm‐level alliance success , 2007 .

[126]  Klaus Uhlenbruck,et al.  Developing acquired foreign subsidiaries: the experience of MNES in transition economies , 2004 .

[127]  James G. Field,et al.  Correlational effect size benchmarks. , 2015, The Journal of applied psychology.

[128]  A. Stel,et al.  Disentangling the effects of organizational capabilities, innovation and firm size on SME sales growth , 2013 .

[129]  Robert E. Hoskisson,et al.  BOARD OF DIRECTOR INVOLVEMENT IN RESTRUCTURING: THE EFFECTS OF BOARD VERSUS MANAGERIAL CONTROLS , 1993 .

[130]  K. Meyer,et al.  Stages of Organizational Transformation in Transition Economies: A Dynamic Capabilities Approach , 2010 .

[131]  Lowell W. Busenitz,et al.  Dynamic capabilities and venture performance: The effects of venture capitalists , 2006 .

[132]  Mia Raynard,et al.  Institutional Strategies in Emerging Markets , 2014 .

[133]  Constance E. Helfat,et al.  Managerial cognitive capabilities and the microfoundations of dynamic capabilities , 2015 .

[134]  I. Barreto.  Dynamic Capabilities: A Review of Past Research and an Agenda for the Future , 2010 .

[135]  Dovev Lavie,et al.  Capability Reconfiguration: An Analysis of Incumbent Responses to Technological Change , 2006 .

[136]  G. Hult,et al.  Does market orientation matter?: a test of the relationship between positional advantage and performance , 2001 .

[137]  Richard Makadok,et al.  Invited Editorial: The Four Theories of Profit and Their Joint Effects , 2011 .

[138]  N. Venkatraman,et al.  Complementarity‐based hypercompetition in the software industry: Theory and empirical test, 1990–2002 , 2010 .

[139]  Peter Galvin,et al.  A configuration-based approach to integrating dynamic capabilities and market transformation in small and medium-sized enterprises to achieve firm performance , 2015 .

[140]  Nai-Hwa Lien,et al.  Technological opportunism and firm performance: Moderating contexts , 2013 .

[141]  Bee Lian Ang,et al.  Determinants of Venture Performance in Singapore , 2004 .

[142]  Sunny Li Sun,et al.  The Institution-Based View as a Third Leg for a Strategy Tripod. , 2009 .

[143]  Ruby P. Lee,et al.  Linking customer resources to firm success: The role of marketing program implementation , 2011 .

[144]  Bing Bai,et al.  High-performance work systems in foreign subsidiaries of American multinationals: An institutional model , 2011 .

[145]  Aki Koponen,et al.  Dynamic capabilities and firm performance in a financial crisis , 2014 .

[146]  Colin C. J. Cheng,et al.  Breakthrough innovation: the roles of dynamic innovation capabilities and open innovation activities , 2013 .

[147]  J. Barney.  Firm Resources and Sustained Competitive Advantage , 1991 .

[148]  Scott L. Newbert.  Empirical research on the resource‐based view of the firm: an assessment and suggestions for future research , 2007 .

[149]  Jim Slater,et al.  Dynamic capabilities, entrepreneurial rent-seeking and the investment development path: The case of Samsung , 2007 .

[150]  Samina Karim,et al.  Business Unit Reorganization and Innovation in New Product Markets , 2009, Manag. Sci..

[151]  J. Steenkamp,et al.  A Review and Evaluation of Meta-Analysis Practices in Management Research , 2009 .

[152]  Wu Zhan,et al.  Performance implications of capability exploitation and upgrading in international joint ventures , 2008 .

[153]  Philip Bromiley,et al.  Assessing the dynamic capabilities view: spare change, everyone? , 2009 .

[154]  Wolfgang H. Güttel,et al.  The Dynamic Capability View in Strategic Management: A Bibliometric Review , 2012 .

[155]  G. George,et al.  Entry into New Niches: The Effects of Firm Age and the Expansion of Technological Capabilities on Innovative Output and Impact , 2010 .

[156]  Margaret A. Peteraf,et al.  The elephant in the room of Dynamic Capabilities: Bringing two diverging conversations together , 2012 .

[157]  Lei-Yu Wu,et al.  Resources, dynamic capabilities and performance in a dynamic environment: Perceptions in Taiwanese IT enterprises , 2006, Inf. Manag..

[158]  John D. Leeth,et al.  Are Female Executives Over-Represented in Precarious Leadership Positions? , 2009 .

[159]  S. Winter,et al.  The Co-evolution of Capabilities and Transaction Costs: Explaining the Institutional Structure of Production , 2005 .

[160]  J. Barney.  Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view , 2001 .

[161]  S. Zahra,et al.  Entrepreneurship and Dynamic Capabilities: A Review, Model and Research Agenda , 2006 .

[162]  George A. Shinkle,et al.  The impact of current and founding institutions on strength of competitive aspirations in transition economies , 2012 .

[163]  Robert E. Hoskisson,et al.  Strategy in Emerging Economies , 2000 .

[164]  Oliver Schilke,et al.  Second-Order Dynamic Capabilities: How Do They Matter? , 2014 .

[165]  Catherine L. Wang,et al.  Success Traps, Dynamic Capabilities and Firm Performance , 2015 .

[166]  Amy L. Pablo,et al.  Identifying, Enabling and Managing Dynamic Capabilities in the Public Sector , 2007 .

[167]  John E. Hunter,et al.  Dichotomization of continuous variables: the implications for meta-analysis , 1990 .

[168]  Michael Song,et al.  Marketing and technology resource complementarity : An analysis of their Interaction Effect in two environmental contexts , 2005 .

[169]  Sarianna M. Lundan,et al.  The Institutional Origins of Dynamic Capabilities in Multinational Enterprises , 2009 .

[170]  Murali D. R. Chari,et al.  How do pro-market reforms impact firm profitability? The case of India under reform , 2015 .

[171]  Jeffrey H. Dyer,et al.  Relation‐specific capabilities and barriers to knowledge transfers: creating advantage through network relationships , 2006 .

[172]  Erwin Danneels.  The dynamics of product innovation and firm competences , 2002 .

[173]  Gianmario Verona,et al.  Dynamic Capabilities Deconstructed: A Bibliographic Investigation into the Origins, Development, and Future Directions of the Research Domain , 2010 .

[174]  Wu Zhan,et al.  Dynamic capability and IJV performance: The effect of exploitation and exploration capabilities , 2013 .

[175]  April M. Franco,et al.  Swift and Smart: The Moderating Effects of Technological Capabilities on the Market Pioneering-Firm Survival Relationship , 2009, Manag. Sci..

[176]  D. Gann,et al.  The Effects of Culture and Structure on Strategic Flexibility During Business Model Innovation , 2012 .

[177]  David A. Griffith,et al.  An Examination of Exploration and Exploitation Capabilities: Implications for Product Innovation and Market Performance , 2007 .

[178]  Inderpreet Singh Ahuja,et al.  An empirical investigation of dynamic capabilities in managing strategic flexibility in manufacturing organizations , 2013 .

[179]  Varun Grover,et al.  Investigating firm's customer agility and firm performance: The importance of aligning sense and respond capabilities , 2012 .

[180]  Constantin Blome,et al.  Antecedents and enablers of supply chain agility and its effect on performance: a dynamic capabilities perspective , 2013 .

[181]  Suresh Kotha,et al.  Continuous “Morphing”: Competing Through Dynamic Capabilities, Form, and Function , 2001 .

[182]  D. Teece.  The Foundations of Enterprise Performance: Dynamic and Ordinary Capabilities in an (Economic) Theory of Firms , 2014 .

[183]  Juan Liu,et al.  Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China , 2014 .

[184]  B. Wernerfelt,et al.  A Resource-Based View of the Firm , 1984 .

[185]  Ellen M. Whitener,et al.  Confusion of confidence intervals and credibility intervals in meta-analysis. , 1990 .

[186]  Nathan S. Hartman,et al.  Method Variance and Marker Variables: A Review and Comprehensive CFA Marker Technique , 2010 .

[187]  David J. Collis,et al.  Research Note: How Valuable are Organizational Capabilities? , 1994 .

[188]  Christopher B. Bingham,et al.  What makes a process a capability? Heuristics, strategy, and effective capture of opportunities , 2007 .

[189]  Andrew Hess,et al.  Building Dynamic Capabilities: Innovation Driven by Individual-, Firm-, and Network-Level Effects , 2007, Organ. Sci..

[190]  Omar R. Malik.  Adapting to market liberalization: The role of dynamic capabilities, initial resource conditions, and strategic path choices in determining evolutionary fitness of Less Developed Country (LDC) firms , 2008 .

[191]  Ravi Ramamurti,et al.  What is really different about emerging market multinationals , 2012 .

[192]  John C. Narver,et al.  Does Competitive Environment Moderate the Market Orientation-Performance Relationship?: , 1994 .

[193]  Torsten Oliver Salge,et al.  Small Steps that Matter: Incremental Learning, Slack Resources and Organizational Performance , 2013 .

[194]  Rosalie L. Tung,et al.  International expansion of emerging market enterprises: A springboard perspective , 2007 .

[195]  Saba Khalid,et al.  Firm Specific Advantage in Developed Markets Dynamic Capability Perspective , 2012 .

[196]  Thomas P. Moliterno,et al.  Firm Performance, Rent Appropriation, and the Strategic Resource Divestment Capability , 2007 .

[197]  Francisco J. Martínez-López,et al.  Dynamic Marketing Capabilities: Toward an Integrative Framework , 2014 .

[198]  In-Sue Oh,et al.  Fixed- versus random-effects models in meta-analysis: model properties and an empirical comparison of differences in results. , 2009, The British journal of mathematical and statistical psychology.

[199]  Lei-Yu Wu,et al.  Entrepreneurial resources, dynamic capabilities and start-up performance of Taiwan's high-tech firms , 2007 .

[200]  Mauro F. Guillén,et al.  Business Groups in Emerging Economies: A Resource-Based View , 2000 .

[201]  Hannah R Rothstein,et al.  A basic introduction to fixed‐effect and random‐effects models for meta‐analysis , 2010, Research synthesis methods.

[202]  J. P. Eggers,et al.  All experience is not created equal: learning, adapting, and focusing in product portfolio management , 2012 .

[203]  Constance E. Helfat,et al.  The Impact of Dynamic Capabilities on Resource Access and Development , 2012, Organ. Sci..

[204]  Alfred A. Marcus,et al.  A General Dynamic Capability: Does it Propagate Business and Social Competencies in the Retail Food Industry?* , 2006 .

[205]  Rajshree Agarwal,et al.  Growing pains: Pre-entry experience and the challenge of transition to incumbency† , 2012 .

[206]  Leopoldo Gutiérrez Gutiérrez,et al.  Explaining the Causes and Effects of Dynamic Capabilities Generation: A Multiple‐Indicator Multiple‐Cause Modelling Approach , 2013 .

[207]  C. Argyris.  Organizational learning and management information systems , 1982, DATB.

[208]  Robert E. Hoskisson,et al.  Does market-oriented institutional change in an emerging economy make business-group-affiliated multinationals perform better? An institution-based view , 2010 .

[209]  G. Tomas M. Hult,et al.  The role of context in the multinationality-performance relationship: A meta-analytic review , 2012 .

[210]  Dan R. Dalton,et al.  Investment bankers and IPO pricing: does prospectus information matter? , 2005 .

[211]  S Duval,et al.  Trim and Fill: A Simple Funnel‐Plot–Based Method of Testing and Adjusting for Publication Bias in Meta‐Analysis , 2000, Biometrics.

[212]  Mu-Yen Hsu,et al.  Intellectual capital, dynamic capabilities and innovative performance of organisations , 2007, Int. J. Technol. Manag..