TY - JOUR
T1 - The impact of dynamic capabilities on SME performance during COVID-19
AU - Dejardin, Marcus
AU - Raposo , Mário L.
AU - Ferreira, João J. M.
AU - Fernandes , Cristina I.
AU - Veiga, Pedro M.
AU - Farinha, Luís
N1 - Funding Information:
Acknowledegement This work is financed by national funds through FCT—Fundação para a Ciência e a Tecnologia, I. P., under the project "UIDB/04630/2020".
Publisher Copyright:
© 2022, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
PY - 2022/7/18
Y1 - 2022/7/18
N2 - Dynamic capabilities (DCs) are a growing field of research within the scope of theoretical structures based on resource and strategic management. Given the demonstrated impact of DCs on company performance, it is important to study the effects of DCs on small and medium sized enterprises (SMEs) within the context of the COVID-19 pandemic. Hence, this research evaluates the role of DCs during the pandemic and its impact on the performance levels of SMEs. Analysing the responses of 209 SMEs using a structural equations model, we report that DCs positively affect company performance both prior to and during the pandemic. However, we also verify that while prior to the pandemic companies placed greater emphasis on the search for new opportunities, following the onset of the pandemic the focus shifted to getting their products to the market. These results contribute to the literature on strategic management and the DC based approach during periods of turbulence and pandemics.
AB - Dynamic capabilities (DCs) are a growing field of research within the scope of theoretical structures based on resource and strategic management. Given the demonstrated impact of DCs on company performance, it is important to study the effects of DCs on small and medium sized enterprises (SMEs) within the context of the COVID-19 pandemic. Hence, this research evaluates the role of DCs during the pandemic and its impact on the performance levels of SMEs. Analysing the responses of 209 SMEs using a structural equations model, we report that DCs positively affect company performance both prior to and during the pandemic. However, we also verify that while prior to the pandemic companies placed greater emphasis on the search for new opportunities, following the onset of the pandemic the focus shifted to getting their products to the market. These results contribute to the literature on strategic management and the DC based approach during periods of turbulence and pandemics.
KW - Dynamic capabilities
KW - SME
KW - Performance
KW - COVID-19
KW - COVID-19 pandemic
UR - http://www.scopus.com/inward/record.url?scp=85134474095&partnerID=8YFLogxK
U2 - 10.1007/s11846-022-00569-x
DO - 10.1007/s11846-022-00569-x
M3 - Article
SN - 1863-6691
VL - 17
SP - 1703
EP - 1729
JO - Review of Managerial Science
JF - Review of Managerial Science
IS - 5
ER -
