Journal article 522 views
Surviving or thriving: The role of learning for the resilient performance of small firms
Journal of Business Research, Volume: 100, Pages: 38 - 50
Swansea University Author: David Pickernell
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DOI (Published version): 10.1016/j.jbusres.2019.03.006
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...
Published in: | Journal of Business Research |
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ISSN: | 0148-2963 |
Published: |
Elsevier BV
2019
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Online Access: |
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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. |
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Keywords: |
SMEs; Fuzzy clustering; NCaRBS; Learning; Global financial crisis; Cognition |
College: |
Faculty of Humanities and Social Sciences |
Start Page: |
38 |
End Page: |
50 |