Study On The Relations Between Dynamic Capabilities And Corporate Performance

Two decades passed, the theory of dynamic capabilities has achieved great progress in abstract concept and analysis framework, but we now can hardly find its industrial applications and researches of its impact on corporate performance in the market. On the other hand, as the direct promoter of urbanization in China's property development industry, due to frequent administrative intervention and impact of unbalanced property market, our property developers are struggling in a typical uncertain environment of "wide fluctuation, sharp competition and difficult prediction", and this is proved by a fact that the average life of property developers in China is only 3.7 years. Meanwhile, based on the documents home and abroad, this paper combined the dynamic capabilities and property development industry, and put forward some related theories and methods, mathematical models and the corresponding research and analysis path, with illustration of examples of dynamic capabilities and its impact mechanism on property developers' corporate performance. And its main contents are as follows:(1)Introduced the main factors impacting corporate performance through analyzing and summarizing the general history of property development industry in China and the property developers' growth in China.(2)Explained the features of property developers in China and the definition 'of dynamic capabilities, and then introduced the concept and characteristics of dynamic capabilities on property developers in China:clarified the dimension structure of the dynamic capabilities on property developers and the measurement scale by analyzing the research results of the dynamic capabilities dimension and the actual practice of property developers, also tested the dimension structure of dynamic capabilities and verified the reliability and the validity of their measurement scale by questionnaire survey and statistical analysis.(3)Set up an explanatory model for the impact mechanism of dynamic capabilities on corporate performance based on related research results, and made an logical analysis on the process of how dynamic performance-based corporate performance is established. And then based on the above, made an systematic theoretic analysis on the relations between the components of dynamic capabilities, between the factors of corporate performance, and between the dimensions of dynamic capabilities and corporate performance, and then put forward a research assumption and designed a path model on how dynamic capabilities could influence the corporate performance.(4)Based on the measurement scale for corporate performance on property developers, and also the above-mentioned dynamic capabilities measurement scale on property developers through questionnaire survey and statistical analysis, and selected the structural equation modeling method to test the related assumptions on how dynamic capabilities could impact the corporate performance on property developers, and finally obtained the proved path model on how dynamic capabilities could influence the corporate performance on property developers.