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- Dynamic capabilities: antecedents and implications for firms' performancePublication . Correia, Ricardo Jorge; Teixeira, Mário Sérgio; Dias, José G.Purpose – This paper aims to explore a new causal link between learning, market and entrepreneurial orientations and firms’ performance by introducing dynamic capabilities and competitive advantages as mediator variables. Design/methodology/approach – The mediating role of dynamic capabilities and competitive advantages is tested using a sample of 1,190 Portuguese firms, and structural equation models. Findings – It is shown that dynamic capabilities mediate the relationship between the three orientations– learning, market and entrepreneurial–and competitive advantages of differentiation and cost leadership, and both competitive advantages lead to firm’s performance. It is also shown that learning orientation is an antecedent of market orientation and entrepreneurial orientation. Practical implications – This research shows that firm’s performance depends on the capacity of firms to learn, innovate, be proactive, take risks and collect the best market data. Indeed, by optimizing the internal management and knowledge dissemination, firms will develop a set of capabilities and competitive advantages that lead to an appropriate response to market challenges. Originality/value – This study tests the relationship between strategic orientations and firm’s performance by taking the mediating effects of dynamic capabilities and competitive advantages into account. This research was conducted in Portugal.
- Determinants of firm performance: a structural equation approachPublication . Correia, Ricardo Jorge; Dias, José G.; Teixeira, Mário SérgioThis research analyzes specific determinants of firm Performance taking the Resource Based View (RBV) theory to explaining how firms achieve sustained competitive advantages based on their VRIN (valuable, rare, inimitable and not replaceable) resources and capabilities (BARNEY, 1991). TEECE et al. (1997) introduced the concept of Dynamic Capabilities (DC) as an RBV extension. Our conceptual model defines these capabilities as the result of firm’s Learning, Market and Entrepreneurial Orientations, which mediate the development of Competitive Advantages (CA) and improving firm Performance.
- The link between intellectual capital and business performance: a mediation chain approachPublication . Campos, Susana; Dias, José G.; Teixeira, Mário Sérgio; Correia, Ricardo JorgePurpose – This study focuses on intellectual capital (IC) as a driver of better business performance. Recent studies suggest that a set of variables may mediate this relationship. This research discusses the mediating role of dynamic capabilities, network competence, technological capabilities, absorptive capabilities and innovation performance between intellectual capital and business performance. Design/methodology/approach – The conceptual model is tested using a sample of 533 Portuguese firms by means of a structural equation model. Findings – It confirms that intellectual capital impacts business performance. Moreover, this only happens indirectly through the mediating chain defined by the variables dynamic capabilities, network competence, technological capabilities, absorptive capabilities and innovation performance. Originality/value – This study analyzes new mediator variables between the dimensions of the intellectual capital and Portuguese business performance.
- Dynamic capabilities and competitive advantages as mediator variables between market orientation and business performancePublication . Correia, Ricardo Jorge; Dias, José G.; Teixeira, Mário SérgioPurpose – This paper aims to explore a new causal link between market orientation and business performance by introducing dynamic capabilities as a mediator of the relationship between market orientation and competitive advantages, which ultimately determine business performance. Design/methodology/approach – The mediating roles of dynamic capabilities and competitive advantages are tested with a sample of 1,190 Portuguese firms using a structural equation model. Findings – The results confirm the hypotheses regarding the mediating roles of the competitive advantages (differentiation and cost leadership) in the relationship between dynamic capabilities and business performance. Additionally, dynamic capabilities also mediate the relationship between market orientation and competitive advantages. Practical implications – This study shows that business performance depends on the capacity of firms to collect the best market information on customers and competitors, to disseminate this information throughout their internal structure and ultimately optimize its use to respond appropriately to market challenges and trends. These will provide firms with a set of capabilities and a competitive advantage. Originality/value – This study provides empirical evidence on the understanding of the relationship between market orientation and performance, through the mediating effects of both dynamic capabilities and competitive advantages.
- Commitment to exporting as an antecedent of organizational skills and firm performancePublication . Gonçalves, Tânia; Teixeira, Mário Sérgio; Dias, José G.; Gouveia, Sofia; Correia, Ricardo JorgeThis study proposes the role of leader’s commitment to export activities as an antecedent of specific organizational skills. In particular, this research investigates whether the leaders’ commitment to exporting affects firm performance, through the mediating effect of entrepreneurial orientation, network competence, and dynamic capabilities of a firm, using survey data collected from 976 companies in Portugal. Results from the structural equation model show that leaders’ commitment to exporting, defined as a positive attitude towards the internationalization of their firms, acts as an antecedent of entrepreneurial orientation and network competence. Additionally, we conclude that the relation between this commitment and firm performance is mediated through entrepreneurial orientation, network competence, and dynamic capabilities. This study contributes to the understanding of the mediating effect of these specific organizational skills in the proposed relationship between leaders’ commitment to exporting and firm performance and provides a new insight into the important role of the entrepreneur or top manager.
- Determinants of firm performance: a structural equation approachPublication . Correia, Ricardo Jorge; Dias, José G.; Teixeira, Mário SérgioThis research analyzes specific determinants of firm Performance (FP) taking the Resource Based View (RBV) theory into account. Our conceptual model defines the Dynamic Capabilities (DC) as the result of firm’s Learning (LO), Market (MO) and Entrepreneurial Orientations (EO), which mediate the development of Competitive Advantages (CA) and improving firm Performance (FP). For the first time, the mediator role of DC between specific business orientations – MO, EO and LO – and the development of CA and FP is analyzed. The study supports the view that DC enhances CA (Differentiation and Cost Leadership) as well as enhances FP.
- Building competitive advantages and business success: the role of learning orientation, reward systems and entrepreneurial orientationPublication . Correia, Ricardo Jorge; Dias, José G.; Teixeira, Mário Sérgio; Campos, SusanaPurpose – The complexity of the firm’s external environment, with its constant changes, forces managers to develop novel strategies that can meet new strategic needs. The purpose of this study is to examine the role of reward systems (RSs) in strategic management, as well as their relationship to learning and entrepreneurial orientation (EO), commonly referred to as the driving force behind growth, competitive advantages (CAs) and improved performance. It also focuses on the study of the relationship between EO and business performance (BP), the introduction and testing of the possible antecedents of this relationship and potential mediating factors. Design/methodology/approach – A conceptual model was tested on a sample of 1,190 Portuguese firms using a structural equation model. Findings – It is shown for the first time that learning orientation (LO) is an antecedent of the RSs and, subsequently, of EO. Additionally, the CAs of differentiation and cost leadership play a mediating role in the relationship between EO and BP. Furthermore, RSs are also a driving force behind both CAs. Originality/value – This study makes several empirical and theoretical contributions, addressing the gap in the literature about the role of RSs in strategic management. It tests the relationship between LO and the firm’s performance by taking the mediating effects of RSs, EO and CAs into account. Additionally, we discuss LO as an antecedent strategic variable of human resources practices, in particular, RSs. Finally, we broaden the scope of our research by examining these issues in the context of Portuguese SMEs fromdifferent industries.