The Influence of Industry Characteristics and Dynamic Capabilities on Firms’ Profitability (CROSBI ID 250479)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Pervan, Maja ; Ćurak, Marijana ; Pavić Kramarić, Tomislava
engleski
The Influence of Industry Characteristics and Dynamic Capabilities on Firms’ Profitability
The aim of this research was to explore one of the most intriguing dimensions of every firm’s business—its performance. Aside from analysing the influence of industry’s characteristics on the firm’s performance, the authors addressed the characteristics of dynamic capabilities and their role in contribution to the firm’s ultimate success. The analysis was conducted on a sample of 118 small Croatian manufacturing companies. The application of the Structural Equation Modelling (SEM) approach revealed a statistically significant influence of both the industry’s characteristics (represented by Porter’s five forces framework) and dynamic capabilities (based on Teece’s theory) on the firm’s performance, where the influence of dynamic capabilities is proven to be larger than that of the industry.
performance ; small business ; industry’s characteristics ; structural equation modelling ; dynamic capabilities ; manufacturing ; Croatia
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Podaci o izdanju
6 (4)
2017.
1-19
objavljeno
2227-7072
10.3390/ijfs6010004
Povezanost rada
Ekonomija