Title: Dynamic capabilities and international performance: a meta-analytic regression analysis
Authors: Cristina I. Fernandes; João J.M. Ferreira; Pedro Mota Veiga; Hussain G. Rammal; Veland Ramadani
Addresses: Faculty of Economics and CEFUP - Center for Economics and Finance, University of Porto, Porto, Portugal; NECE Research Unit in Business Sciences, Covilhã, Portugal ' Department of Management and Economics & NECE Research Unit in Business Sciences, University of Beira Interior, Covilhã, Portugal ' University of Maia, Maia, Portugal; NECE - Research Center for Business Sciences, Universidade da Beira Interior, Covilhã, Portugal; LIACC - Artificial Intelligence and Computer Sciences Laboratory, Porto, Portugal ' Adelaide Business School, The University of Adelaide, Adelaide, Australia ' Faculty of Business and Economics, South-East European University, Tetovo, North Macedonia
Abstract: This study aims to investigate the impact of entrepreneurial orientation and market orientation - recognised as dynamic capabilities - on the international performance of small and medium-sized enterprises. To achieve this, an extensive Meta-Analytic Regression Analysis was conducted, drawing upon data from 61 articles, encompassing a substantial sample size of 14,535 observations. Through this meta-analysis, we obtained estimated effects between the dimensions of entrepreneurial orientation and market orientation and uncovered the direct and indirect relationships these dynamic capabilities have with international performance. The findings indicate that entrepreneurial orientation and market orientation can significantly enhance the performance of SMEs, with the size of these companies playing a moderating role in the association between strategic orientations and IP. By examining the impact of dynamic capabilities on small and medium-sized enterprises' international performance, our study contributes to the existing literature on strategic management, internationalisation, dynamic capabilities and international performance.
Keywords: international performance; entrepreneurial orientation; market orientation; SME; dynamic capabilities.
European Journal of International Management, 2025 Vol.25 No.3/4, pp.441 - 482
Received: 07 Jun 2023
Accepted: 18 Mar 2024
Published online: 25 Feb 2025 *