Small and medium enterprises dynamic capabilities efficacy during COVID-19: moderating role of CEO gender

Purpose This study aims to investigate the role of dynamic capabilities (DCs) in the financial performance of the small and medium enterprises (SMEs) during COVID-19. Furthermore, it took chief executive officer gender to moderate the relationship between DCs and financial performance. Design/methodology/approach This study used the survey approach to collect the data. Regression analysis was used on 563 responses to test the proposed hypotheses. Findings The results showed that DCs have a significant positive effect on the SME's operating level and revenues. Moreover, it also moderates the DCs and financial performance during COVID-19. The results revealed that firms that used the DCs during COVID-19 not only survive during the COVID-19 tough time but also enjoyed a decent revenue level. Originality/value To the best of the authors' knowledge, this study is the first study to establish the link between DCs and SMEs operating and revenue level during the COVID-19 pandemic in Pakistani settings.