Emerging-market firms’ dynamic capabilities and international performance: The moderating role of institutional development and distance
研究了新兴市场企业的创新相关动态能力（创新性、供应链敏捷性、适应性）与国际绩效的关系，发现东道国制度发展和制度距离分别起正向和负向调节作用，且影响方向相反。
While extant research has examined the separate influences of dynamic capabilities and institutions on international performance, their interactive role has received limited attention. Therefore, we examine the role of host-country institutional conditions in the relationships between emerging-market firms’ (EMFs) innovation-related dynamic capabilities and their international performance. We use multi-source secondary data and primary data from multiple informants from 254 Turkish international firms to test our framework. The study finds that the linkages between three innovation-related dynamic capabilities (innovativeness, supply-chain agility, and adaptability) and international performance are positively and negatively moderated by institutional development and institutional distance, but that their influences are opposite. These influences demonstrate that host-country institutional conditions shape the link between dynamic capabilities and EMFs’ international performance in a multifaceted and paradoxical fashion.