Revisiting the role of the environment in the capabilities-financial performance relationship: A meta-analysis

• 成果类型: Article
• 署名作者: Karna, Amit; Richter, Ansgar; Riesenkampff, Eberhard
• 署名单位: Indian Institute of Management (IIM System); Indian Institute of Management Ahmedabad; University of Liverpool; European Business School (EBS) University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2379
• 发表日期: 2016
• 页码: 1154-1173
• 关键词: dynamic capabilities; ordinary capabilities; ENVIRONMENTAL DYNAMISM; firm performance; Meta-analysis

摘要

Within the capabilities-based view of the firm, there is debate about the relative importance of ordinary and dynamic capabilities for firm performance and about the extent to which their performance effects are contingent on environmental conditions. We meta-analyze 115 studies to investigate the relationship between both ordinary and dynamic capabilities and the financial performance of firms in relatively stable versus changing environments. The results suggest that the performance effects of both types of capabilities are positive and similar in magnitude. Environmental dynamism reinforces the effects of both ordinary and dynamic capabilities. Furthermore, the two types of capabilities are closely associated. Our findings provide support for a moderate capabilities-based view of the firm, rather than one that considers dynamic capabilities as superior to ordinary ones. Copyright (c) 2015 John Wiley & Sons, Ltd.