Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261908 
Year of Publication: 
2021
Citation: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 24 [Issue:] 4 [Publisher:] Sage Publishing [Place:] London [Year:] 2021 [Pages:] 268-280
Publisher: 
Sage Publishing, London
Abstract: 
Research on the nature and value of firms' dynamic capabilities has produced contradictory propositions and findings. Scholars have argued that contingency theorizing has the potential to improve our understanding, as the context in which dynamic capabilities are deployed may affect their value. Drawing on agency theory, we propose that corporate governance mechanisms play a significant role in determining the value of firms' dynamic capabilities. In particular, we develop theoretical propositions about the differential effect of two corporate governance mechanisms-board monitoring and managerial incentives-on the value of dynamic capabilities in the form of complex codified routines, on one hand, and simple rules, on the other hand, at different levels of environmental dynamism.
Subjects: 
Dynamic capabilities
agency theory
corporate governance
environmental dynamism
JEL: 
L21
L22
D80
G34
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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