Surviving or thriving: The role of learning for the resilient performance of small firms
Martina Battisti,
Malcolm Beynon,
David Pickernell and
David Deakins
Journal of Business Research, 2019, vol. 100, issue C, 38-50
Abstract:
Building on a longitudinal dataset of 245 small firms covering the period of the Global Financial Crisis, this study uses, in combination with fuzzy clustering, the N-State Classification and Ranking Belief Simplex (NCaRBS) technique. This technique, able to deal with ambiguous outcome variables, small datasets, incomplete data and relationships that have the potential to be non-linear, is used to explore the relationship between learning and the resilient performance of small firms. Our findings provide a fine-grained picture of the complex relationships between strategic, cognitive and behavioural learning mechanisms and three resilient performance clusters – sustained performance, stability, and survival – which has implications for theory, as well as practice. By examining learning at the level of the individual owner-manager and also the organisation, we contribute to a better understanding of the role of specific learning mechanisms, a role that is still not well understood.
Keywords: SMEs; Fuzzy clustering; NCaRBS; Learning; Global financial crisis; Cognition (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (15)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:100:y:2019:i:c:p:38-50
DOI: 10.1016/j.jbusres.2019.03.006
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