Emerging-market firms’ dynamic capabilities and international performance: The moderating role of institutional development and distance |
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| Authors: | Ismail Gölgeci Shahin Assadinia Olli Kuivalainen Jorma Larimo |
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| Institution: | 1. School of Business and Social Sciences, Department of Business Development and Technology, Aarhus University, Birk Centerpark, Herning 7400, Denmark;2. Norwich Business School, University of East Anglia, Norwich Research Park, Norwich, Norfolk NR4 7TJ, UK;3. LUT School of Business and Management, Lappeenranta University of Technology, P.O. Box 20, 53851 Lappeenranta, Finland;4. Alliance Manchester Business School, The University of Manchester, Room F8 Alliance MBS East, Booth Street East, Manchester M13 9SS, United Kingdom;5. Department of Marketing, Faculty of Business Studies, University of Vaasa, P.O. Box 700, FI-65101 Vaasa, Finland |
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| Abstract: | While extant research has examined the separate influences of dynamic capabilities and institutions on international performance, their interactive role has received limited attention. Therefore, we examine the role of host-country institutional conditions in the relationships between emerging-market firms’ (EMFs) innovation-related dynamic capabilities and their international performance. We use multi-source secondary data and primary data from multiple informants from 254 Turkish international firms to test our framework. The study finds that the linkages between three innovation-related dynamic capabilities (innovativeness, supply-chain agility, and adaptability) and international performance are positively and negatively moderated by institutional development and institutional distance, but that their influences are opposite. These influences demonstrate that host-country institutional conditions shape the link between dynamic capabilities and EMFs’ international performance in a multifaceted and paradoxical fashion. |
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| Keywords: | Corresponding author Dynamic capabilities Institutional development Institutional distance International performance Emerging-market firms |
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