Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/195671
Authors: 
Pervan, Maja
Curak, Marijana
Kramaric, Tomislava Pavic
Year of Publication: 
2018
Citation: 
[Journal:] International Journal of Financial Studies [ISSN:] 2227-7072 [Volume:] 6 [Year:] 2018 [Issue:] 1 [Pages:] 1-19
Abstract: 
The aim of this research was to explore one of the most intriguing dimensions of every firm's business-its performance. Aside from analysing the influence of industry's characteristics on the firm's performance, the authors addressed the characteristics of dynamic capabilities and their role in contribution to the firm's ultimate success. The analysis was conducted on a sample of 118 small Croatian manufacturing companies. The application of the Structural Equation Modelling (SEM) approach revealed a statistically significant influence of both the industry's characteristics (represented by Porter's five forces framework) and dynamic capabilities (based on Teece's theory) on the firm's performance, where the influence of dynamic capabilities is proven to be larger than that of the industry.
Subjects: 
performance
small business
industry's characteristics
structural equation modelling
dynamic capabilities
manufacturing
Croatia
JEL: 
D22
L21
L22
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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