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The relationship between dynamic capabilities, the firm’s resource base and performance in a post-disaster environment

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>1/02/2017
<mark>Journal</mark>International Small Business Journal
Issue number1
Volume35
Number of pages21
Pages (from-to)78-98
Publication StatusPublished
Early online date5/11/15
<mark>Original language</mark>English

Abstract

This article draws on quantitative survey evidence to explore the role of dynamic capabilities in a post-disaster environment, that of Christchurch in New Zealand after the 2010 and 2011 series of major earthquakes. We develop a model to examine the relationship between dynamic capabilities, disaster-related changes to the firm’s resource base and its performance. The hypotheses are tested using a sample of 545 small firms that have been affected by the earthquakes. Results highlight the importance of a firm’s proactive posture and capability to integrate resources in recognising new opportunities in an environment characterised by high volatility and increased uncertainty. These findings offer important theoretical and practical implications.