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- Title
DYNAMIC CAPABILITIES AND THE PERFORMANCE OF FAMILY AND NON-FAMILY BUSINESSES. A PERSPECTIVE ON ENVIRONMENTAL VOLATILITY.
- Authors
KRAŚNICKA, Teresa; STEINEROWSKA-STREB, Izabella
- Abstract
Purpose: The study explores the relationship between the performance of Polish family and non-family firms and their dynamic capabilities. It also aims at recognizing if environmental dynamism moderates that relationship. Moreover, it is focused on identifying whether family and non-family businesses differ in their dynamic capabilities in a highly dynamic environment. Design/methodology/approach: The study draws on a quantitative research that was conducted among family and non-family firms functioning in the Polish market. Findings: The study results indicate that the performance of businesses depends on their dynamic capabilities regardless of whether it is a family or non-family firm. Moreover, the study shows that in a highly dynamic environment, environmental dynamism does not moderate the relationship between the performance of businesses and their dynamic capabilities. Finally, the study's findings reveal that family and non-family firms did not differ in their dynamic capabilities in such an environment. Research limitations/implications: The study was conducted at a particular time, a pandemic period. Possibly, the study's results would have been different in a not-so-unusual environment. Practical implications: The study's outcomes can motivate entrepreneurs to increase the dynamic capabilities of their companies, as it shows that they influence firms' performance. Originality/value: The study develops the present knowledge concerning the dynamic capabilities of family and non-family firms. Therefore, its outcomes support both theory of family firms and the theory of dynamic capabilities. Moreover, the research extends the understanding of how businesses operate in a challenging and dynamic environment.
- Subjects
FAMILY-owned business enterprises; BUSINESSPEOPLE; THEORY of the firm; ABSORPTIVE capacity (Economics); ORGANIZATIONAL performance; QUANTITATIVE research
- Publication
Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie, 2022, Issue 163, p297
- ISSN
1641-3466
- Publication type
Article
- DOI
10.29119/1641-3466.2022.163.18