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Relational governance mechanisms as enablers of dynamic capabilities in Nigerian SMEs during the COVID-19 crisis

Ashiru, Folajimi; Adegbite, Emmanuel; Nakpodia, Franklin; Koporcic, Nikolina

Authors

Folajimi Ashiru

EMMANUEL ADEGBITE EMMANUEL.ADEGBITE@NOTTINGHAM.AC.UK
Professor in Accounting and Corporate Governance

Franklin Nakpodia

Nikolina Koporcic



Abstract

During the COVID-19 crisis, small and medium-sized enterprises (SMEs) in developing markets, marred by significant institutional voids, grappled with a perennial lack of resources. This article seeks to understand how these SMEs activated their dynamic capabilities to manage business relationships during different phases of the crisis. Relying on the social exchange theory and drawing on semi-structured interviews with 42 business-to-business (B2B) SME owners in Nigeria, we examine the relational governance mechanisms of dynamic capabilities for SMEs during the COVID-19 crisis. Our findings reveal 12 relational governance mechanisms of dynamic capabilities of B2B SMEs. Furthermore, we disaggregate these 12 mechanisms into 34 relational governance micro-foundational components and demonstrate their relevance for B2B SMEs during different stages of the COVID-19 crisis in Nigeria.

Citation

Ashiru, F., Adegbite, E., Nakpodia, F., & Koporcic, N. (2022). Relational governance mechanisms as enablers of dynamic capabilities in Nigerian SMEs during the COVID-19 crisis. Industrial Marketing Management, 105, 18-32. https://doi.org/10.1016/j.indmarman.2022.05.011

Journal Article Type Article
Acceptance Date May 17, 2022
Online Publication Date May 31, 2022
Publication Date Aug 1, 2022
Deposit Date May 24, 2022
Publicly Available Date Jun 9, 2022
Journal Industrial Marketing Management
Print ISSN 0019-8501
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 105
Pages 18-32
DOI https://doi.org/10.1016/j.indmarman.2022.05.011
Keywords Social exchange theory; Small and medium-sized enterprises; COVID-19 crisis; Business-to-business markets; Institutional voids; Nigeria
Public URL https://nottingham-repository.worktribe.com/output/8219629
Publisher URL https://www.sciencedirect.com/science/article/pii/S0019850122001201?via%3Dihub
Additional Information This article is maintained by: Elsevier; Article Title: Relational governance mechanisms as enablers of dynamic capabilities in Nigerian SMEs during the COVID-19 crisis; Journal Title: Industrial Marketing Management; CrossRef DOI link to publisher maintained version: https://doi.org/10.1016/j.indmarman.2022.05.011; Content Type: article; Copyright: © 2022 The Authors. Published by Elsevier Inc.

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