دانلود رایگان مقاله انگلیسی قابلیت های پویا و عملکرد شرکت - الزویر 2017

abstract

This paper juxtaposes conflicting claims about the relationship between codified dynamic capabilities and firm performance at different levels of environmental dynamism. Furthermore, it argues that the contradictory propositions and findings in prior research are due to said relationship being contingent on key, yet thus far overlooked and unaccounted for, factors internal to the firm such as dynamism exposure and asset base complexity. Empirical tests in the context of the mutual funds industry provide evidence that the performance contribution of codified dynamic capabilities does decline as environmental dynamism increases, yet for any given level of environmental dynamism the magnitude and even the sign of the performance contribution of codified dynamic capabilities are significantly influenced by firms’ dynamism exposure and asset base complexity. Going beyond received wisdom, this study advances a more nuanced contingency approach to dynamic capabilities which contributes to a better understanding of how the value of dynamic capabilities is shaped by a complex interplay of environmental and internal factors.

Discussion

In this paper I juxtapose and subject to an empirical test the conflicting claims of EM and TPS, and their associated clusters of scholarship, on the relationship between the performance contribution of codified dynamic capabilities and environmental dynamism. What is more, I argue that their contradictory propositions and findings may be due to said relationship being contingent on key, yet thus far overlooked and unaccounted for, differences in factors internal to the firm e specifically, on heterogeneity in firms' dynamism exposure and asset base complexity. Empirical tests in the context of the mutual funds industry provide evidence that the value of codified dynamic capabilities does decline as environmental dynamism increases, yet at any given level of environmental dynamism the magnitude and even the sign of the performance contribution of codified dynamic capabilities are significantly influenced by a firm's dynamism exposure and asset base complexity. Going beyond received wisdom, this paper thereby moves the debate on the nature and performance consequences of dynamic capabilities away from the simple environmental dynamism determinism of TPS and EM toward a more nuanced contingency approach that considers the complex interplay between environmental and internal firm factors.