More than one year after the COVID-19 pandemic was officially declared, the profit performance among large companies worldwide has been bifurcating between 1/3 of companies bouncing forward with higher profit trajectory as per before the crisis while the other firms are continuing to suffer a...

This paper analyses the interaction between exploiting and further investing in dynamic capabilities during a crisis, taking the prevailing COVID-19 pandemic as case study. In line with Wenzel et al. (2020), we show that exploiting, and investing in, capabilities act as complement to boost...