Competitive Capabilities for the Innovation and Performance of Spanish Construction Companies

José Giménez, Antonia Madrid-Guijarro and Antonio Duréndez
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José Giménez: Facultad de Ciencias de la Empresa, Technical University of Cartagena (UPCT), Calle Real, 3, 30201 Cartagena, Spain
Antonia Madrid-Guijarro: Department of Economics, Accounting and Finance, Faculty of Business Studies, Technical University of Cartagena (UPCT), Calle Real, 3, 30201 Cartagena, Spain
Antonio Duréndez: Department of Economics, Accounting and Finance, Faculty of Business Studies, Technical University of Cartagena (UPCT), Calle Real, 3, 30201 Cartagena, Spain

Sustainability, 2019, vol. 11, issue 19, 1-24

Abstract: This research analyses the influence of internal capabilities, identified as strategic by the literature, on the performance and innovation of Spanish construction companies during a recessionary period. Based on this, we studied whether innovative, marketing, financial, managerial, and human capabilities affect competitive success in terms of fostering innovation and the performance of firms. Empirical evidence is provided by performing survey research with a sample of 94 Spanish construction firms. The results show that firm innovation is fostered by innovative, financial, and human capabilities, and that performance is promoted by innovation, and financial and human capabilities. Human capabilities have the most important effect on both innovation and the performance of the company.

Keywords: innovation; performance; construction firms; human capability; financial capability; marketing capability; managerial capability; Partial Least Square; recessionary period (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:19:p:5475-:d:273104

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