Restructuring in dynamic environments: a dynamic capabilities perspective
研究了环境动态性如何影响企业收缩策略与绩效的关系，发现动态性正向调节资产和成本收缩对绩效的作用，且调节效应因收缩策略不同而异。
Despite the assumed importance of environmental dynamism with respect to organizational decline, theory and evidence of its effect are lacking. Integrating work from firm survival and turnaround literature within a dynamic capabilities framework, we posit that dynamism positively moderates the relationship between firm retrenchment and performance. We find that dynamism positively moderates the relationship between firm performance and both asset and cost retrenchment. However, as expected from the dynamic capabilities framework, the moderating effects of dynamism differ according to the chosen retrenchment strategy.