DYNAMIC MANAGERIAL CAPABILITIES’ IMPACT ON INTERNATIONAL OVERALL PERFORMANCE

ABSTRACT This article investigates the relationship between top managers’ dynamic managerial capabilities and the international overall performance of small and medium enterprises (SMEs). It addresses the limited understanding of the mediating effects of digital maturity and the moderating effect of market turbulence on international overall performance. Data was collected using a questionnaire survey applied to international Portuguese SMEs. The responses were analyzed using covariance-based structural equation modeling and path analysis using IBM® SPSS® Amos™. The main results show evidence of a positive impact of dynamic managerial capabilities on international overall performance and digital maturity. Additionally, we found a mediating effect of digital maturity between dynamic managerial capabilities and international overall performance, and a negative moderation of market turbulence between digital maturity and such performance, contributing to the enlightenment of top managers’ dynamic managerial capabilities as an antecedent of international overall performance, international overall performance, and digital maturity as a mediator on this relationship.