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Dynamic capabilities and their indirect impact on firm performance

Author

Listed:
  • Aimilia Protogerou
  • Yannis Caloghirou
  • Spyros Lioukas

Abstract

This article seeks to empirically explore the relationship between dynamic capabilities and firm performance. In particular, it addresses the question of whether dynamic capabilities impact directly or indirectly on performance. In doing so, the article articulates and measures a construct of dynamic capabilities and using structural equation modeling it examines whether their impact on performance is mediated through operational--marketing and technological--capabilities. The proposed model is tested in different levels of environmental dynamism using data on 271 Greek firms belonging to the manufacturing sector. Empirical findings suggest that dynamic capabilities impinge on operational capabilities which in turn have a significant effect on performance. Direct effects on performance are found to be insignificant. Furthermore, similar effects seem to hold for both higher and lower levels of environmental dynamism. Theoretical and practical implications are discussed. Copyright 2012 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Aimilia Protogerou & Yannis Caloghirou & Spyros Lioukas, 2012. "Dynamic capabilities and their indirect impact on firm performance," Industrial and Corporate Change, Oxford University Press, vol. 21(3), pages 615-647, June.
  • Handle: RePEc:oup:indcch:v:21:y:2012:i:3:p:615-647
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    File URL: http://hdl.handle.net/10.1093/icc/dtr049
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    Cited by:

    1. Elisa Martinelli & Giulia Tagliazucchi & Gianluca Marchi, 2015. "Disastri Naturali e Dynamic Capabilities nel Commercio," Department of Economics 0066, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    2. repec:spr:manint:v:58:y:2018:i:2:d:10.1007_s11575-017-0337-8 is not listed on IDEAS
    3. Verreynne, Martie-Louise & Hine, Damian & Coote, Len & Parker, Rachel, 2016. "Building a scale for dynamic learning capabilities: The role of resources, learning, competitive intent and routine patterning," Journal of Business Research, Elsevier, vol. 69(10), pages 4287-4303.
    4. Elena Feltrinelli & Roberto Gabriele & Sandro Trento, 2013. "Do middle managers matter?," DEM Discussion Papers 2013/11, Department of Economics and Management.
    5. Mikalef, Patrick & Pateli, Adamantia, 2017. "Information technology-enabled dynamic capabilities and their indirect effect on competitive performance: Findings from PLS-SEM and fsQCA," Journal of Business Research, Elsevier, vol. 70(C), pages 1-16.
    6. repec:bla:indres:v:56:y:2017:i:2:p:293-318 is not listed on IDEAS
    7. Baltar, Fabiola, 2013. "A suitable 'GPS' for SME's: the strategic planning and organizational learning nexus," Nülan. Deposited Documents 1877, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    8. Richard Arend, 2014. "Entrepreneurship and dynamic capabilities: how firm age and size affect the ‘capability enhancement–SME performance’ relationship," Small Business Economics, Springer, vol. 42(1), pages 33-57, January.
    9. Côrte-Real, Nadine & Oliveira, Tiago & Ruivo, Pedro, 2017. "Assessing business value of Big Data Analytics in European firms," Journal of Business Research, Elsevier, vol. 70(C), pages 379-390.
    10. Schneckenberg, Dirk & Truong, Yann & Mazloomi, Hamid, 2015. "Microfoundations of innovative capabilities: The leverage of collaborative technologies on organizational learning and knowledge management in a multinational corporation," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 356-368.
    11. Stav Fainshmidt & Amir Pezeshkan & M. Lance Frazier & Anil Nair & Edward Markowski, 2016. "Dynamic Capabilities and Organizational Performance: A Meta-Analytic Evaluation and Extension," Journal of Management Studies, Wiley Blackwell, vol. 53(8), pages 1348-1380, December.

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