Dynamic Capabilities and the Performance of Family and Non-family Businesses. A Perspective on Environmental Volatility

• Autorzy: Teresa Kraśnicka , Izabella Steinerowska-Streb
• Języki publikacji: EN

Abstrakty

EN

Purpose: The study explores the relationship between the performance of Polish family and non-family firms and their dynamic capabilities. It also aims at recognizing if environmental dynamism moderates that relationship. Moreover, it is focused on identifying whether family and non-family businesses differ in their dynamic capabilities in a highly dynamic environment. Design/methodology/approach: The study draws on a quantitative research that was conducted among family and non-family firms functioning in the Polish market. Findings: The study results indicate that the performance of businesses depends on their dynamic capabilities regardless of whether it is a family or non-family firm. Moreover, the study shows that in a highly dynamic environment, environmental dynamism does not moderate the relationship between the performance of businesses and their dynamic capabilities. Finally, the study's findings reveal that family and non-family firms did not differ in their dynamic capabilities in such an environment. Research limitations/implications: The study was conducted at a particular time, a pandemic period. Possibly, the study's results would have been different in a not-so-unusual environment. Practical implications: The study's outcomes can motivate entrepreneurs to increase the dynamic capabilities of their companies, as it shows that they influence firms' performance. Originality/value: The study develops the present knowledge concerning the dynamic capabilities of family and non-family firms. Therefore, its outcomes support both theory of family firms and the theory of dynamic capabilities. Moreover, the research extends the understanding of how businesses operate in a challenging and dynamic environment.(original abstract)

Słowa kluczowe

EN

Dynamic capabilities; Family-owned business; Enterprise environment

PL

Zdolności dynamiczne; Przedsiębiorstwo rodzinne; Otoczenie przedsiębiorstwa

• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2022
• Numer: z. 163
• Strony: 297--322

Twórcy

autor

Teresa Kraśnicka

• University of Economics in Katowice, Poland

autor

Izabella Steinerowska-Streb

• University of Economics in Katowice, Poland

Bibliografia

• 1. Adam, N.A., Alarifi, G. (2021). Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support. Journal of Innovation and Entrepreneurship, Vol. 10(1), pp. 1-22. doi.org/10.1186/s13731-021-00156-6.
• 2. Ambrosini, V., Bowman, C. (2009). What are dynamic capabilities and are they a useful construct in strategic management?. International Journal of Management Reviews, Vol. 11, Iss. 1, pp. 29-49. doi.org/10.1111/j.1468-2370.2008.00251.x.
• 3. Ambrosini, V., Bowman, C., Collier, N. (2009). Dynamic capabilities: An exploration of how firms renew their resource base. British Journal of Management, Vol. 20, pp. 9-24. doi: https://doi.org/10.1111/j.1467-8551.2008.00610.x.
• 4. Aragón-Correa, J.A., Sharma, S. (2003). A contingent resource-based view of proactive corporate environmental strategy. Academy of Management Review, Vol. 28, Iss. 1, pp.71-88. doi: https://doi.org/10.5465/amr.2003.8925233.
• 5. Baía, E.P., Ferreira, J.J. (2019). Dynamic capabilities and performance: How has the relationship been assessed? Journal of Management & Organization, First View, pp. 1-30. doi: https://doi.org/10.1017/jmo.2019.88.
• 6. Barrales-Molina, V., Bustinza, Ó.F., Gutiérrez-Gutiérrez, L.J. (2013). Explaining the causes and effects of dynamic capabilities generation: A multiple-indicator multiple-cause modelling approach. British Journal of Management, Vol. 24, Iss. 4, pp. 571-591. doi: https://doi.org/10.1111/j.1467-8551.2012.00829.x.
• 7. Barros, I., Hernangómez, J., Martin-Cruz, N. (2016). A theoretical model of strategic management of family firms. A dynamic capabilities approach. Journal of Family Business Strategy, Vol. 7, Iss. 3, pp. 149-159. doi: https://doi.org/10.1016/j.jfbs.2016.06.002.
• 8. Bitencourt, C.C., de Oliveira Santini, F., Ladeira, W.J., Santos, A.C., Teixeira, E.K. (2020). The extended dynamic capabilities model: A meta-analysis. European Management Journal, Vol. 38, Iss.1, pp. 108-120. doi: https://doi.org/10.1016/j.emj.2019.04.007.
• 9. Bowman, C., Ambrosini, V. (2003). How the resource-based and the dynamic capability views of the firm inform corporate-level strategy. British Journal of Management, Vol. 14, Iss. 4, pp. 289-303. doi: https://doi.org/10.1111/j.1467-8551.2003.00380.x.
• 10. Bratnicka- Myśliwiec, K., Ingram, T., Kraśnicka, T., Steinerowska-Streb, I. Are family and non-family businesses really that different? Comparison of entrepreneurial orientation, innovations, and firm performance relationships in Polish companies. Journal of Entrepreneurship, Management and Innovation.
• 11. Breznik, L., Hisrich, R.D. (2014). Dynamic capabilities vs. innovation capability: are they related? Journal of Small Business and Enterprise Development. Vol. 21, No. 3, pp. 368-384. doi: https://doi.org/10.1108/JSBED-02-2014-0018.
• 12. Brinkerink, J. (2018). Broad search, deep search, and the absorptive capacity performance of family and nonfamily firm R&D. Family Business Review, Vol. 31, Iss. 3, pp. 295-317. doi: https://doi.org/10.1177/0894486518775187.
• 13. Brune, A., Thomsen, M., Watrin, C. (2019). Family firm heterogeneity and tax avoidance: The role of the founder. Family Business Review, Vol. 32, Iss. 3, pp. 296-317. doi: https://doi.org/10.1177/0894486519831467.
• 14. Bruton, G.D., Zahra, S.A., Cai, L. (2018). Examining entrepreneurship through indigenous lenses. Entrepreneurship Theory and Practice, Vol. 42, Iss. 3, pp. 351-361. doi: https://doi.org/10.1177/1042258717741129.
• 15. Caballero-Morales, S.O. (2021). Innovation as recovery strategy for SMEs in emerging economies during the COVID-19 pandemic. Research in International Business and Finance, Vol. 57, 101396. https://doi.org/10.1016/j.ribaf.2021.101396.
• 16. Camisón-Zornoza, C., Forés-Julián, B., Puig-Denia, A., Camisón-Haba, S. (2020). Effects of ownership structure and corporate and family governance on dynamic capabilities in family firms. International Entrepreneurship and Management Journal, Vol. 16, Iss. 4, pp. 1393-1426. doi: https://doi.org/10.1007/s11365-020-00675-w.
• 17. Cassia, L., De Massis, A., Pizzurno, E. (2012). Strategic innovation and new product development in family firms: An empirically grounded theoretical framework. International Journal of Entrepreneurial Behavior & Research. Vol. 18, No. 2, pp. 198-232. doi: https://doi.org/10.1108/13552551211204229.
• 18. Cepel, M., Gavurova, B., Dvorský, J., Belas, J. (2020). The impact of the COVID-19 crisis on the perception of business risk in the SME segment. Journal of International Studies, Vol. 13(3), pp. 248-263. DOI: 10.14254/2071-8330.2020.
• 19. Chen, H.L., Hsu, W.T. (2009). Family ownership, board independence, and R&D investment. Family Business Review, Vol. 22, Iss. 4, pp. 347-362. doi: https://doi.org/10.1177/0894486509341062.
• 20. Chesbrough, H., Heaton, S., Mei, L. (2021). Open innovation with Chinese characteristics: a dynamic capabilities perspective. R&D Management, Vol. 51, Iss. 3, pp. 247-259. doi: https://doi.org/10.1111/radm.12438.
• 21. Chirico, F., Baù, M. (2014). Is the family an 'asset' or 'liability' for firm performance?: the moderating role of environmental dynamism. Journal of small business management, Vol. 52, Iss. 2, pp. 210-225. doi: https://doi.org/10.1111/jsbm.12095.
• 22. Chirico, F., Nordqvist, M.(2010). Dynamic Capabilities and Transgenerational Value Creation in Family Firms: The Role of Organizational Culture. Int. Small Bus. J., Vol. 28, Iss. 5, pp. 487-504. doi: http://dx.doi.org/10.1177/0266242610370402.
• 23. Chrisman, J.J., Chua, J.H., Kellermanns, F. (2009). Priorities, resource stocks, and performance in family and nonfamily firms. Entrepreneurship Theory and Practice, Vol. 33, Iss. 3, pp. 739-760. doi: https://doi.org/10.1111/j.1540-6520.2009.00324.x.
• 24. Classen, N., Carree, M., Van Gils, A., Peters, B. (2014). Innovation in family and non-family SMEs: An exploratory analysis. Small Business Economics, Vol. 42, Iss. 3, pp. 595-609. doi: https://doi.org/10.1007/s11187-013-9490-z.
• 25. Culasso, F., Giacosa, E., Manzi, L.M., Truant, E. (2016). Professionalization in family firms versus non-family businesses in Italy. Impresa Progetto - Electronic Journal of Management, No. 3.
• 26. Daspit, J.J., Chrisman, J.J., Sharma, P., Pearson, A.W., Long, R.G. (2017). A strategic management perspective of the family firm: Past trends, new insights, and future directions. Journal of Managerial Issues, Vol. 29, No. 1, pp. 6-29.
• 27. Daspit, J.J., Long, R.G., Pearson, A. W. (2019). How familiness affects innovation outcomes via absorptive capacity: A dynamic capability perspective of the family firm. Journal of Family Business Strategy, Vol. 10, Iss. 2, pp. 133-143. doi: https://doi.org/10.1016/j.jfbs.2018.11.003.
• 28. De Massis, A., Kotlar, J., Manelli, L. (2021). Family firms, family boundary organizations, and the family-related organizational ecosystem. Family Business Review, Vol. 34, Iss. 4, pp. 350-364. https://doi.org/10.1177/08944865211052195.
• 29. Di Stefano, G., Peteraf, M., Verona, G. (2014). The organizational drivetrain: A road to integration of dynamic capabilities research. Academy of Management Perspectives, Vol. 28, No. 4, pp. 307-327. doi: https://doi.org/10.5465/amp.2013.0100.
• 30. Duarte, A., Kok, S., O'Shea, M. (2018). Family businesses and adaptation: A dynamic capabilities approach. Journal of Family and Economic Issues, Iss. 39, pp. 683-698. doi: https://doi.org/10.1007/s10834-018-9586-3.
• 31. Duran, P., Kammerlander, N., Van Essen, M., Zellweger, T. (2016). Doing more with less: Innovation input and output in family firms. Academy of Management Journal, Vol. 59, Iss. 4, pp. 1224-1264. doi: https://doi.org/10.5465/amj.2014.0424.
• 32. Eikelenboom, M., de Jong, G. (2019). The impact of dynamic capabilities on the sustainability performance of SMEs. Journal of Cleaner Production, Vol. 235, pp.1360-1370. doi: https://doi.org/10.1016/j.jclepro.2019.07.013.
• 33. Eisenhardt, K.M., Martin, J.A. (2000). Dynamic capabilities: what are they? Strategic Management Journal, Vol. 21, Iss. 10-11, pp. 1105-1121. doi: https://doi.org/10.1002/1097-0266(200010/11)21:10/11<1105::AID-SMJ133>3.0.CO;2-E.
• 34. Fainshmidt, S., Pezeshkan, A., Lance Frazier, M., Nair, A., Markowski, E. (2016). Dynamic capabilities and organizational performance: a meta-analytic evaluation and extension. Journal of Management Studies, Vol. 53, Iss. 8, pp. 1348-1380. doi: https://doi.org/10.1111/ joms.12213.
• 35. Gedajlovic, E., Carney, M., Chrisman, J.J., Kellermanns, F.W. (2012). The adolescence of family firm research: Taking stock and planning for the future. Journal of Management, Vol. 38, Iss. 4, pp. 1010-1037. doi: https://doi.org/10.1177/0149206311429990.
• 36. Girod, S.J., Whittington, R. (2017). Reconfiguration, restructuring and firm performance: Dynamic capabilities and environmental dynamism. Strategic Management Journal, Vol. 38, Iss. 5, pp. 1121-1133. doi: https://doi.org/10.1002/smj.2543.
• 37. Głód, G., Wronka-Pośpiech, M. (2022). Dopasowanie strategiczne a konkurencyjność firm z sektora MSP - moderująca rola otoczenia. Studia i Prace Kolegium Zarządzania i Finansów, No. 184, pp. 49-64.
• 38. Goll, I., Rasheed, A.A. (2004). The moderating effect of environmental munificence and dynamism on the relationship between discretionary social responsibility and firm performance. Journal of Business Ethics, Vol. 49, Iss. 1, pp. 41-54. doi: https://doi.org/10.1023/B:BUSI.0000013862.14941.4e.
• 39. Gomez-Mejia, L.R., Campbell, J.T., Martin, G., Hoskisson, R.E., Makri, M., Sirmon, D.G. (2014). Socioemotional wealth as a mixed gamble: Revisiting family firm R&D investments with the behavioral agency model. Entrepreneurship Theory and Practice, Vol. 38, Iss. 6, pp. 1351-1374. doi: https://doi.org/10.1111/etap.12083.
• 40. Helfat, C.E., Martin, J.A. (2015). Dynamic managerial capabilities: Review and assessment of managerial impact on strategic change. Journal of Management, Vol. 41, Iss. 5, pp. 1281-1312. doi: https://doi.org/10.1177/0149206314561301.
• 41. Helfat, C.E., Winter, S.G. (2011). Untangling dynamic and operational capabilities: Strategy for the (N) ever-changing world. Strategic Management Journal, Vol. 32, Iss. 11, pp. 1243-1250. doi: https://doi.org/10.1002/smj.955.
• 42. Helfat, C., Finkelstein, S., Mitchell, W., Peteraf, M.A., Singh, H., Teece, D.J., Winter, S.G. (2007). Dynamic Capabilities: Understanding Strategic Change in Organization. Industrial and Corporate Change, Vol. 23, Iss. 5, pp. 1299-1325.
• 43. Karna, A., Richter, A., Riesenkampff, E. (2016). Revisiting the role of the environment in the capabilities-financial performance relationship: A meta-analysis. Strategic Management Journal, Vol. 37, Iss. 6, pp. 1154-1173. doi: https://doi.org/10.1002/smj.2379.
• 44. Kosmidou, V., Ahuja, M.K. (2019). A configurational approach to family firm innovation. Family Business Review, Vol. 32, Iss. 2, pp. 154-173. doi: https://doi.org/10.1177/ 0894486519827738.
• 45. Kurtmollaiev, S. (2020). Dynamic capabilities and where to find them. Journal of Management Inquiry, Vol. 29, Iss. 1, pp. 3-16. doi: https://doi.org/10.1177/ 1056492617730126.
• 46. Lessard, D., Teece, D.J., Leih, S. (2016). The Dynamic Capabilities of Meta-Multinationals. Global Strategy Journal, Vol. 6, Iss. 3, pp. 211-224. doi: https://doi.org/10.1002/gsj.1126.
• 47. Li, D., Liu, J. (2014). Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China. Journal of Business Research, Vol. 67, Iss.1, pp. 2793-2799. https://doi.org/10.1016/j.jbusres.2012.08.007.
• 48. Linares, R.H., Fernández, M.C.L. (2020). Entrepreneurial orientation, learning orientation, market orientation, and organizational performance: Family firms versus non-family firms. European Journal of Family Business, Vol. 10, Iss. 1, pp. 6-19. doi: https://doi.org/10.24310/ejfbejfb.v10i1.6780.
• 49. Lumpkin, G.T., Brigham, K.H., Moss, T.W. (2010). Long-term orientation: Implications for the entrepreneurial orientation and performance of family businesses. Entrepreneurship & Regional Development, Vol. 22, Iss. 3-4, pp. 241-264. doi: https://doi.org/10.1080/ 08985621003726218.
• 50. Makkonen, H., Pohjola, M., Olkkonen, R., Koponen, A. (2014). Dynamic capabilities and firm performance in a financial crisis. Journal of Business Research, Vol. 67, Iss. 1, pp. 2707-2719. doi: https://doi.org/ 10.1016/j.jbusres.2013.03.020.
• 51. Matarazzo, M., Penco, L., Profumo, G., Quaglia, R. (2021). Digital transformation and customer value creation in Made in Italy SMEs: A dynamic capabilities perspective. Journal of Business Research, Vol. 123, pp. 642-656. doi: https://doi.org/10.1016/ j.jbusres.2020.10.033.
• 52. Miller, D., Friesen, P.H. (1983). Strategy-making and environment: The third link. Strategic Management Journal, Vol. 4, pp. 221-235. doi: http://dx.doi.org/10.1002/smj.4250040304.
• 53. Minichilli, A., Corbetta, G., MacMillan, I.C. (2010). Top management teams in family-controlled companies:'familiness','faultlines', and their impact on financial performance. Journal of Management Studies, Vol. 47, Iss. 2, pp. 205-222. doi: https://doi.org/10.1111/ j.1467-6486.2009.00888.x.
• 54. Montreuil, V.L., Lauzier, M., Gagnon, S. (2020). A closer look at determinants of organizational capability to innovate (OCI): A dynamic capabilities perspective. European Journal of Innovation Management, Vol. 24, No. 3, pp. 820-847. doi: https://doi.org/10.1108/EJIM-05-2019-0127.
• 55. Moreno-Menéndez, A.M., Casillas, J.C. (2021). How do family businesses grow? Differences in growth patterns between family and non-family firms. Journal of Family Business Strategy, Vol. 12, Iss. 3. doi: https://doi.org/10.1016/j.jfbs.2021.100420.
• 56. Morgan, M., Okon, E.E., Amadi, C., Emu, W., Ogar, A. (2021). Dynamic capabilities of family business: A catalyst for survival and growth. Problems and Perspectives in Management, Vol.19, Iss. 1, pp. 137-150. doi: https://doi.org/10.21511/ppm.19(1).2021.12.
• 57. Neubaum, D.O., Payne, G.T. (2021). The centrality of family. Family Business Review, Vol. 34, Iss. 1, pp. 6-11. doi: https://doi.org/10.1177/0894486521995268.
• 58. Ochoa, M.P.B., Navarro, M.A.S., Barahona, E.P. (2020). A Bibliometric Analysis of Dynamic Capabilities in the Field of Family Firms (2009-2019). European Journal of Family Business, Vol. 10, Iss. 2, pp. 69-81. doi: https://doi.org/10.24310/ ejfbejfb.v10i2.10162.
• 59. Park, B.I., and Xiao, S. (2020). Is exploring dynamic capabilities important for the performance of emerging market firms? The moderating effects of entrepreneurial orientation and environmental dynamism. International Studies of Management & Organization, Vol. 50, Iss. 1, pp. 57-73. doi: https://doi.org/10.1080/ 00208825.2019.1703378.
• 60. Peteraf, M., Di Stefano, G., Verona, G. (2013). The elephant in the room of dynamic capabilities: Bringing two diverging conversations together. Strategic Management Journal, Vol. 34, Iss. 12, pp. 1389-1410. doi: https://doi.org/10.1002/smj.2078.
• 61. Pezeshkan, A., Fainshmidt, S., Nair, A., Frazier, M.L., Markowski, E. (2016). An empirical assessment of the dynamic capabilities-performance relationship. Journal of Business Research, Vol. 69, Iss. 8, pp. 2950-2956. doi: https://doi.org/10.1016/j.jbusres.2015.10.152.
• 62. Pichlak, M. (2021). Resources, dynamic capabilities, and performance: evidence from Polish green innovative companies. Zeszyty Naukowe. Organizacja i Zarządzanie, No. 153. Gliwice: Politechnika Śląska, pp. 369-384. doi: https://doi.org/10.29119/1641-3466.2021.153.26.
• 63. Protogerou, A., Caloghirou, Y., Lioukas, S. (2012). Dynamic capabilities and their indirect impact on firm performance. Industrial and corporate change, Vol. 21, Iss. 3, pp. 615-647. doi: https://doi.org/10.1093/icc/dtr049.
• 64. Ringov, D. (2017). Dynamic capabilities and firm performance. Long Range Planning, Vol. 50, Iss. 5, pp. 653-664. doi: https://doi.org/10.1016/j.lrp.2017.02.005.
• 65. Rueda-Manzanares, A., Aragon-Correa, J.A., Sharma, S. (2008). The Influence of Stakeholders on the Environmental Strategy of Service Firms: The Moderating Effects of Complexity, Uncertainty and Munificence. British Journal of Management, Vol. 19, pp. 185-203.
• 66. Schilke, O. (2014a). On the contingent value of dynamic capabilities for competitive advantage: The nonlinear moderating effect of environmental dynamism. Strategic Management Journal, Vol. 35, Iss. 2, pp. 179-203. doi: https://doi.org/10.1002/smj.2099.
• 67. Schilke, O. (2014b). Second-order dynamic capabilities: How do they matter? Academy of Management Perspectives, Vol. 28, Iss. 4, pp. 368-380. doi: https://doi.org/10.5465/ amp.2013.0093.
• 68. Schilke, O., Hu, S., Helfat, C.E. (2018). Quo vadis, dynamic capabilities? A content-analytic review of the current state of knowledge and recommendations for future research. Academy of Management Annals, Vol. 12, Iss. 1, pp. 390-439. doi: https://doi.org/10.5465/ annals.2016.0014.
• 69. Schulze, W.S., Lubatkin, M.H., Dino, R.N., Buchholtz, A.K. (2001). Agency relationships in family firms: Theory and evidence. Organization science, Vol. 12, Iss. 2, pp. 99-116. doi:https://doi.org/10.1287/orsc.12.2.99.10114.
• 70. Stadler, C., Helfat, C.E., Verona, G. (2013). The impact of dynamic capabilities on resource access and development. Organization Science, Vol. 26, Iss. 4, pp. 1782-1804. doi: https://doi.org/10.1287/orsc.1120.0810.
• 71. Stanley, L.J., Hernández-Linares, R., López-Fernández, M.C., Kellermanns, F.W. (2019). A typology of family firms: An investigation of entrepreneurial orientation and performance. Family Business Review, Vol. 32, Iss. 2, pp. 174-194. doi: https://doi.org/10.1177/0894486519838120.
• 72. Steinerowska-Streb, I., Głód G. (2022). Innovation of small and medium enterprises in times of COVID19. Organization and Management.
• 73. Steinerowska-Streb, I., Wronka-Pośpiech, M. (2022). Motywowanie pracowników w dobie cyfryzacji. Zarządzanie Zasobami Ludzkimi, Vol. 146-147(3-4), pp. 56-70. https://doi.org/10.5604/01.3001.0015.9574.
• 74. Suddaby, R., Coraiola, D., Harvey, C., Foster, W. (2020). History and the micro-foundations of dynamic capabilities. Strategic Management Journal, Vol. 41, Iss. 3, pp. 530-556. doi: https://doi.org/10.1002/smj.3058.
• 75. Sutcliffe, K.M. (1994). What executives notice: Accurate perceptions in top management teams. Academy of Management Journal, Vol. 37, Iss. 5, pp. 1360-1378. doi: https://doi.org/10.2307/256677.
• 76. Teece, D.J. (2007). Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance. Strategic management journal, Vol. 28, Iss. 13, 1319-1350. doi: https://doi.org/10.1002/smj.640.
• 77. Teece, D.J. (2014). A dynamic capabilities-based entrepreneurial theory of the multinational enterprise. Journal of International Business Studies, Vol. 45, Iss. 1, pp. 8-37. doi: https ://doi.org/10.1057/jibs.2013.54.
• 78. Teece, D.J., Pisano, G., Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, Vol. 18, Iss. 7, pp. 509-533. doi: https://doi.org/10.1002/ (SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z.
• 79. Wales, W., Gupta, V.K., Marino, L., Shirokova, G. (2019). Entrepreneurial orientation: International, global and cross-cultural research. International Small Business Journal, Vol. 37, Iss. 2, pp. 95-104. doi: https://doi.org/10.1177/0266242618813423.
• 80. Wang Y. (2016). Environmental dynamism, trust and dynamic capabilities of family businesses. International Journal of Entrepreneurial Behavior & Research, Vol. 22, No. 5, pp. 643-670. doi: https://doi.org/10.1108/IJEBR-11-2015-0234.
• 81. Wang, C.L., Ahmed, P.K. (2007). Dynamic capabilities: A review and research agenda. International journal of management reviews, Vol. 9, Iss. 1, pp. 31-51. doi: https://doi.org/10.1111/j.1468-2370.2007.00201.x.
• 82. Wang, C.L., Senaratne, C., Rafiq, M. (2015). Success traps, dynamic capabilities and firm performance. British Journal of Management, Vol. 26, Iss. 1, pp. 26-44. doi: https://doi.org/10.1111/1467-8551.12066.
• 83. Wang, X., Lin, Y., Shi, Y. (2020). The moderating role of organizational environments on the relationship between inventory leanness and venture survival in Chinese manufacturing. Journal of Manufacturing Technology Management, Vol. 31, Iss. 2, pp. 413-440. doi: https://doi.org/10.1108/jmtm-04-2019-0129.
• 84. Waterwall, B., Alipour, K.K. (2021). Nonfamily employees' perceptions of treatment in family businesses: Implications for organizational attraction, job pursuit intentions, work attitudes, and turnover intentions. Journal of Family Business Strategy, Vol. 12, Iss. 3. doi: https://doi.org/10.1016/j.jfbs.2020.100387.
• 85. Werner, A., Schröder, C., Chlosta, S. (2018). Driving factors of innovation in family and non-family SMEs. Small Business Economics, Vol. 50, Iss. 1, pp. 201-218. doi: https://doi.org/10.1007/s11187-017-9884-4.
• 86. Wilden, R., Gudergan, S.P., Nielsen, B.B., Lings, I. (2013). Dynamic capabilities and performance: strategy, structure and environment. Long Range Planning, Vol. 46, Iss. 1-2, pp. 72-96. doi: https://doi.org/10.1016/j.lrp.2012.12.001.
• 87. Wilhelm, H., Schlömer, M., Maurer, I. (2015). How dynamic capabilities affect the effectiveness and efficiency of operating routines under high and low levels of environmental dynamism. British Journal of management, Vol. 26, Iss. 2, pp. 327-345. doi: https://doi.org/10.1111/1467-8551.12085.
• 88. Winter, S.G. (2003). Understanding dynamic capabilities. Strategic Management Journal, Vol. 24, Iss. 10, pp. 991-995. doi: https://doi.org/10.1002/smj.318.
• 89. Yeow, A., Soh, C., Hansen, R. (2018). Aligning with new digital strategy: A dynamic capabilities approach. The Journal of Strategic Information Systems, Vol. 27, Iss. 1, pp. 43-58. doi: https://doi.org/10.1016/j.jsis.2017.09.001.
• 90. Yu, W., Ramanathan, R., Wang, X., Yang, J. (2018). Operations capability, productivity and business performance: The moderating effect of environmental dynamism. Industrial Management & Data Systems, Vol. 118, Iss. 1, pp. 126-143. doi: https://doi.org/10.1108/ IMDS-02-2017-0064.
• 91. Zahra, S.A., Sapienza, H.J., Davidsson, P. (2006). Entrepreneurship and dynamic capabilities: A review, model and research agenda. Journal of Management studies, Vol. 43, Iss. 4, pp. 917-955. doi: https://doi.org/10.1111/j.1467-6486.2006.00616.x.
• 92. Zhang, Y., Wei, J., Zhu, Y., George-Ufot, G. (2020). Untangling the relationship between Corporate Environmental Performance and Corporate Financial Performance: The double-edged moderating effects of environmental uncertainty. Journal of Cleaner Production, Vol. 263. doi: https://doi.org/10.1016/j.jclepro.2020.121584.

Identyfikatory

DOI

10.29119/1641-3466.2022.163.18