The impact of dynamic managerial capabilities on firm performance: A moderated mediation analysis of German DAX firms

IF 3.1 4区管理学 Q2 MANAGEMENT

Journal of Management & Organization Pub Date : 2023-10-11 DOI:10.1017/jmo.2023.57

Tim Heubeck

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Abstract

Abstract In an era of hypercompetition, research and development (R&D) investments are vital for organizations to stay competitive. This microlevel study draws on dynamic managerial capability (DMC) theory to explore the mechanisms contributing to competitive advantages. It posits that DMCs enhance firm performance by increasing R&D spending, and explores the moderating role of slack resources due to their effect on resource availability. Employing hierarchical regression analysis and bootstrapping methods on a longitudinal sample comprising 31 German DAX firms, the findings robustly demonstrate that DMCs facilitate firm performance by fostering R&D expenditures and confirm the moderating effect of specific slack resources. However, only internal but not external slack resources amplify the relationship between DMCs and R&D intensity. Overall, this study emphasizes the critical role of managers’ microlevel capabilities in determining firm performance and sheds light on how different slack resources influence the relationships between DMCs, R&D intensity, and firm performance.

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动态管理能力对企业绩效的影响:德国DAX公司的有调节中介分析

在一个超级竞争的时代，研究与开发(R&D)投资对组织保持竞争力至关重要。本文运用动态管理能力(DMC)理论来探讨企业竞争优势的形成机制。本文假设dmc通过增加研发支出来提高企业绩效，并探讨了闲置资源对资源可用性的调节作用。采用层次回归分析和自举方法对31家德国DAX公司的纵向样本进行分析，研究结果有力地证明了dmc通过促进研发支出来促进企业绩效，并证实了特定闲置资源的调节作用。然而，只有内部而非外部的闲置资源放大了dmc与研发强度之间的关系。总体而言，本研究强调了管理者微观层面能力在决定企业绩效中的关键作用，并揭示了不同的闲置资源如何影响dmc、研发强度和企业绩效之间的关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Management & Organization MANAGEMENT-

CiteScore

6.60

自引率

9.10%

发文量

期刊介绍： The Journal of Management & Organization is an international peer-reviewed journal from eContent, in association with ANZAM. It provides global perspectives on management and organization of benefit to scholars, educators, students, practitioners, policy-makers and consultants worldwide. In one forum, Journal of Management & Organization covers: •Qualitative and quantitative empirical research articles •Theoretical and conceptual articles •Literature reviews - including those from theses •Articles on management education and learning •Practitioner perspectives and case studies •Methodological advances - including those from theses