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Toward a construct of dynamic capabilities malfunction: Insights from failed Chinese entrepreneurs

Research output: Contribution to journalArticle

Original languageEnglish
Pages (from-to)415-429
Number of pages15
JournalJournal of Business Research
Early online date29 Jun 2018
DateAccepted/In press - 23 Jun 2018
DateE-pub ahead of print - 29 Jun 2018
DatePublished (current) - 1 May 2019


This paper explores the processes and mechanisms of business failure in emerging economies. Drawing from the experiences of 50 failed entrepreneurs in China, we developed the concept of dynamic capabilities malfunction (DCM) to explain how business failure can stem from maladaptive, misallocation of attention and internal deficiencies. Our phase model explicates how exogenous and endogenous factors can interplay to contribute to DCM that ultimately led to the business closures. Another unexpected finding was that the failure occurred during the process of business transition. The implications for business failure research in emerging markets are discussed.

    Structured keywords

  • MGMT International Business Management and Strategy

    Research areas

  • Business failure, Dynamic capabilities malfunction, Emerging economies, Entrepreneurs

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    Rights statement: This is the author accepted manuscript (AAM). The final published version (version of record) is available online via Elsevier at Please refer to any applicable terms of use of the publisher.

    Accepted author manuscript, 793 KB, PDF document

    Licence: CC BY-NC-ND


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