Performance stability among small and medium-sized enterprises during COVID-19: A test of the efficacy of dynamic capabilities
基于美国调查数据，检验动态能力能否预测中小企业在疫情中的绩效，发现动态能力能有效预测运营水平和收入，且对更小的企业作用更强。
COVID-19 wreaked havoc on public health and the global economy. Small and medium-sized enterprises (SMEs) were hit especially hard. In this research note, we test the ability of dynamic capabilities (DCs) to predict SME performance during the pandemic. Based on our analysis of data from a survey conducted in the United States, we find that DCs meaningfully predicted both operational levels and revenue. Furthermore, while the empirical literature suggests that SME size is positively related to DC efficacy, we found that this effect was reversed during COVID-19, as the positive link between DCs and performance was stronger for smaller SMEs.