How knowledge-based dynamic capabilities relate to firm performance: the mediating role of entrepreneurial orientation

Remedios Hernández-Linares (), María Concepción López-Fernández (), Gema García-Piqueres (), Miguel Pina e Cunha () and Arménio Rego ()
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Remedios Hernández-Linares: Universidad de Extremadura
María Concepción López-Fernández: Universidad de Cantabria
Gema García-Piqueres: Universidad de Cantabria
Miguel Pina e Cunha: Universidade Nova de Lisboa
Arménio Rego: Universidade Católica Portuguesa, Católica Porto Business School

Review of Managerial Science, 2024, vol. 18, issue 10, No 1, 2813 pages

Abstract: Abstract To examine how knowledge-based dynamic capabilities relate to firm performance through the mediating role of entrepreneurial orientation, we analyzed data of a sample of 1047 Portuguese and Spanish small and medium-sized enterprises (SMEs) of all industry sectors. The results reveal that knowledge-based dynamic capabilities are associated with firm performance and that the relationship is partially mediated by a firm’s entrepreneurial orientation. This mediation could be explained by the fact that an entrepreneurial orientation to identify and utilize new opportunities is integral to knowledge value creation and extraction, and to avoid pervasive rigidities. Our study sheds light on the mechanisms through which knowledge-based dynamic capabilities are associated with firm performance and helps to explain performance differences among firms. In addition, we provide management insight on how firms can deploy their knowledge-based dynamic capabilities and extract value from them to face change and promote their entrepreneurial orientation and performance.

Keywords: Knowledge-based dynamic capabilities; Entrepreneurial orientation; Performance; SMEs (search for similar items in EconPapers)
JEL-codes: L10 L25 L26 M10 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11846-023-00691-4

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