Dynamic Capabilities and Organizational Performance: A Meta-Analytic Evaluation and Extension

Stav Fainshmidt, Amir Pezeshkan, Michael Lance Frazier, Anil Nair, Edward Markowski

Research output: Contribution to journalArticle

68 Scopus citations

Abstract

We move the dynamic capabilities view (DCV) forward in two important ways by meta-analysing prior empirical studies. First, we evaluate the two core theoretical tenets of the DCV: (1) Dynamic capabilities are positively related to performance, and (2) this relationship is stronger in industries with higher levels of technological dynamism. We find support for the former (rc = 0.296) but not for the latter, though results suggest the existence of moderators. Second, we theorize and demonstrate empirically that higher-order dynamic capabilities are more strongly related to performance than lower-order dynamic capabilities, lower-order dynamic capabilities partially mediate the relationship between higher-order dynamic capabilities and performance, and dynamic capabilities contribute more to performance in developing economies than in developed economies. These findings illustrate how the nature of the dynamic capability and the economic context in which it is utilized shape its value, thus offering a more nuanced conceptualization of the dynamic capabilities-performance relationship.

Original languageEnglish (US)
Pages (from-to)1348-1380
Number of pages33
JournalJournal of Management Studies
Volume53
Issue number8
DOIs
StatePublished - Dec 1 2016

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management
  • Management of Technology and Innovation

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