| Abstract [eng] |
Dynamic managerial capabilities have received much attention from research these days and there are much scientific literature research on this topic (Kevill, 2021). Dynamic managerial capabilities are defined as a source of organization performance improvement and are strategically valuable for companies that successfully implement them (Helfat, 2009). Many authors analyze how dynamic capabilities come into play in various types of disciplinary fields, but just a few authors emphasize the role of these capabilities in corporate governance while seeking competetive firm performance. In the recent 10-20 years topic of corporate governance became more interesting, especially for its relation with the firm results. Li et al., (2020) state that future research studies should use perspectives of behaviors to deep the understanding how corporate governance can influence or be influenced by executives or managers perceptions and behaviors. However, authors also highlight one of the hardest part for the research that, is to collect individual and team levels behavioral and perceptional variables and check their relations to competitive firm performance. Though topics of corporate governance can be found in research, but most of the theoretical and empirical data is linked to big or state organizations in which excerpted from ownership, caused by the separation of ownership and control, positions power in the organization toward executives. While research has analyzed and deeper our understanding of how big corporations are governed, small and medium organization’s corporate governance is still not very well known and studies of it has been found rarely. (Audretsch, 2014). Hence, from the analysis of scientific researcher’s works, could be see that the actual role of managers and their skill’s importance for the corporate governance in the relation with competitive firm performance/results is not explored very well. Object of the research. The role of dynamic managerial capabilities within the corporate governance seeking competitive firm performance. Aim of the research. Explore dynamic managerial capabilities expression into firm’s corporate governance seeking competitive firm performance. Research objectives: 1. Based on problem analysis, reveal importance of the dynamic managerial capabilities during corporate governance in relation to competitive firm performance. 2. To find out a theoretical analysis of corporate governance expression, type, theories related with dynamic managerial capabilities and their role, while seeking competitive firm performance. 3. Justify the methodology for dynamic managerial capabilities, corporate governance and competitive firm performance. 4. To perform an empirical research, to find out the role of dynamic managerial capabilities, provide findings and recommendations for useful corporate governance while seeking competitive firm performance. Methods of the research. Analysis of the scientific papers, statistical data analysis, comparison, visual/graphical data representation, empirical research with quantitative data survey method, analysis of collected data by SPSS program. Results of the research. A theoretical analysis of the scientific literature revealed that CG, CFP and DMC have long been studied in the context of different disciplines, but the interrelationships between them have been explored relatively recently. Researchers have found that CG has a positive effect on CFP and DMC has a positive effect on CFP. This nature of the relationship implies that the effect of CG on the propensity to DMC and CFP may be conditional - CG may depend on the strength of DMC and accordingly to CFP. Conducted theoretical analysis of DMC found that DMC has various interpretations of conceptualization, but the most recognized by different authors that DMC is a 3-dimension phenomenon and consists of sensing opportunities, seizing opportunities and transforming resources base. Many definitions of DMC are existing, but the most of authors accept that DMC phenomena consist of some of the internal and external competencies while seeking and achieving some of the targeted goals. In this research was chosen Tecee (2007) definiton, which sounds as the ability of a firm to integrate, build, and reconfigure internal and external competencies to address rapidly changing environments.In the literature CG analyzed through different prisms, the most common analyze CG through BR, which as well used in this research, but also TMT and all the managerial levels were included in the research for the purpose of more validated and correct data about CG in the firms. After conducted empirical research, was found that CG positive effects competitive firm performance and relationship between these constructs exists. Nevertheless that relations are medium, low or very low, most of the results are statistically significant. Also analysis has revealed that the role of DMC takes the mediator place in the scheme and CG has a statistically significant indirect positive effect on CFP when mediating DMC, i.e. as CG improves, the propensity to DMC increases, which in turn has a positive effect on CFP. |
