@article{5823055,
  abstract     = {{The dynamic capability literature has argued that dynamic capabilities are of most importance to companies that face dynamic environments. New ventures in nascent markets are in such a situation. They need to develop dynamic capabilities to survive. However, the literature remains silent when it comes to the boundary conditions under which these dynamic capabilities have most impact on survival. We extend the literature on dynamic capabilities by arguing that firm stability triggered by the formalization of the roles in the management team and the installation of an external board will help the firm to organize and structure the key organizational resources around a particular opportunity and subsequently facilitates and increases the impact of dynamic capabilities. We therefore contribute to the literature on dynamic capabilities by showing its duality with firm stability. However, while role formalization is an important boundary condition for the success of dynamic capabilities, the installation of a board with external directors decreases the impact of dynamic capabilities. We explain this by the decreased resource cognition among the decision makers at board level which undermines the positive impact of venture stability.}},
  author       = {{De Cock, Robin and Clarysse, Bart}},
  issn         = {{2034-7677}},
  journal      = {{REVIEW OF BUSINESS AND ECONOMIC LITERATURE}},
  keywords     = {{dynamic capabilities,nascent markets,firm survival,firm stability}},
  language     = {{eng}},
  number       = {{4}},
  pages        = {{406--427}},
  publisher    = {{Intersentia}},
  title        = {{The contribution of dynamic capabilities to new venture survival in nascent markets: the boundary role of stability}},
  volume       = {{58}},
  year         = {{2013}},
}