Impact of dynamic capabilities and firm characteristics on the firm performance of Vietnamese small and medium-sized retail enterprises

Tommi Tapanainen, Kien Trung Dao, Hai Nguyen Thi Thanh, Hue The Nguyen, Ngoc Bich Dang, Nguyen Danh Nguyen*

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

4 Citations (Scopus)

Abstract

Within the research area of dynamic capabilities, one important context is SMEs, which are thought to be resource-poor and hence disadvantaged in the creation of such capabilities. We develop a model comprising of adaptive capability, entrepreneurial orientation, marketing capability and innovativeness, and investigate their link to firm performance using a sample of 243 Vietnamese retail-sector companies. We also include firm age and type (registered or traditional) in the hypotheses. The result of structural equation modelling indicates that entrepreneurial orientation and innovativeness are directly linked to firm performance in this context, whereas adaptive capability and marketing capability are indirectly linked. Additionally, firm age was found to link to performance. Our findings have implications to context-based research in dynamic capabilities for SMEs. They also suggest, particularly, that Vietnamese SMEs should strengthen their entrepreneurial orientations and innovativeness further to improve their performance.

Original languageEnglish
Pages (from-to)28-61
Number of pages34
JournalInternational Journal of Management and Enterprise Development
Volume21
Issue number1
DOIs
Publication statusPublished - 2022
Externally publishedYes
MoE publication typeA1 Journal article-refereed

Keywords

  • Adaptive capability
  • Dynamic capability
  • Entrepreneurial orientation
  • Firm performance
  • Innovativeness
  • Marketing capability

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