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Surviving or thriving: The role of learning for the resilient performance of small firms

Martina Battisti Orcid Logo, Malcolm Beynon, David Pickernell Orcid Logo, David Deakins

Journal of Business Research, Volume: 100, Pages: 38 - 50

Swansea University Author: David Pickernell Orcid Logo

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Abstract

Building on a longitudinal dataset of 245 small firms covering the period of the Global Financial Crisis, this study uses, in combination with fuzzy clustering, the N-State Classification and Ranking Belief Simplex (NCaRBS) technique. This technique, able to deal with ambiguous outcome variables, sm...

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Published in: Journal of Business Research
ISSN: 0148-2963
Published: Elsevier BV 2019
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa61269
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Abstract: Building on a longitudinal dataset of 245 small firms covering the period of the Global Financial Crisis, this study uses, in combination with fuzzy clustering, the N-State Classification and Ranking Belief Simplex (NCaRBS) technique. This technique, able to deal with ambiguous outcome variables, small datasets, incomplete data and relationships that have the potential to be non-linear, is used to explore the relationship between learning and the resilient performance of small firms. Our findings provide a fine-grained picture of the complex relationships between strategic, cognitive and behavioural learning mechanisms and three resilient performance clusters – sustained performance, stability, and survival – which has implications for theory, as well as practice. By examining learning at the level of the individual owner-manager and also the organisation, we contribute to a better understanding of the role of specific learning mechanisms, a role that is still not well understood.
Keywords: SMEs; Fuzzy clustering; NCaRBS; Learning; Global financial crisis; Cognition
College: Faculty of Humanities and Social Sciences
Start Page: 38
End Page: 50