How to cite this paper
APA: Artana, I., Wiksuana, I., Artini, L & Dewi, S. (2025). Financial resilience of small and medium enterprises in Bali. Uncertain Supply Chain Management, 13(1), 97-110.
Chicago/Turabian: Artana, I., Wiksuana, I., Artini, L & Dewi, S. 2025. "Financial resilience of small and medium enterprises in Bali." Uncertain Supply Chain Management 13, no. 1 (2025): 97-110.
AMA: Artana, I., Wiksuana, I., Artini, L & Dewi, S. Financial resilience of small and medium enterprises in Bali. Uncertain Supply Chain Management. 2025;13(1):97-110.
References
Adam, E., Panjaitan, R., Sumarlin, T., & Andriana, M. (2021). Financial well-being resilience: financial literacy and financial inclusion toward financial attitude. Majalah Ilmiah Bijak, 18(1), 1–10.
Adomako, S., Danso, A., Damoah, J. O., & Uddin, M. (2016). Risk-taking propensity, managerial network ties and firm performance in an emerging economy. The Journal of Entrepreneurship, 25(2), 155–183.
Agatha, M. K., Nurfadilah, N., Auliav, R. L., & Pandin, M. Y. R. (2023). Pengaruh Literasi Keuangan Dan Perilaku Keuangan Terhadap Financial Resilience Pada Umkm (Studi Pelaku Umkm Di Kelurahan Ngagel Surabaya). Jurnal Ilmiah Dan Karya Mahasiswa, 1(4), 170–187.
Akma, I. R., Romadhon, A. F., Rizki, M. R., & Sari, R. N. (2023). Pengaruh FINTECH Terhaddap Kinerja Keuangan Bank Syariah Periode 2020-2022. Jurnal Ekonomi Manajemen Dan Bisnis (JEMB), 1(2), 141–146.
Alshebami, A. S., & Murad, M. (2022). The moderation effect of entrepreneurial resilience on the relationship between financial literacy and sustainable performance. Frontiers in Psychology, 13, 954841.
Ananda, G. C., Faried, A. I., Syaula, M., & Malay, I. (2023). The Effect of Financial Literacy and Financial Technology on Financial Performance (Case Study: Desa Kebun Kelapa). International Journal of Management, Economic and Accounting, 1(2), 81–93.
Atiase, V., Agbanyo, S., Ganza, P., Ameh, J., & Sambian, R. (2023). Understanding SME financial resilience and survivability in Africa. Entrepreneurial Financial Resilience and Financial Innovation in a Turbulent Era, 106.
Atiase, V. Y., Sarpong, D., Agbanyo, S., & Ameh, J. K. (2022). Crafting organisational resilience through managerial performance. In The African Context of Business and Society (pp. 77–94). Emerald Publishing Limited.
Aulia, S., Winoto, Y., & Anwar, R. K. (2023). Kegiatan knowledge sharing pada literasi finansial di Komunitas Finansialku. Informatio: Journal of Library and Information Science, 3(2), 79–92.
Baker, H., Kaddumi, T. A., Nassar, M. D., & Muqattash, R. S. (2023). Impact of financial technology on improvement of banks’ financial performance. Journal of Risk and Financial Management, 16(4), 230. https://doi.org/10.3390/jrfm16040230
Brigham, E. F., & Houston, J. F. (2022). Fundamentals of financial management (16th ed.). Cengage Learning.
Cai, C., Chang, X., Deng, X., He, Y., Peng, J., & Peng, Z. (2023). Financial Technologies and Economic Resilience from COVID-19. Nanyang Business School Research Paper, 23–07.
Chen, W., & Yuan, X. (2021). Financial inclusion in China: an overview. Frontiers of Business Research in China, 15, 1–21. https://doi.org/10.1186/s11782-021- 00098-6
Chuc, A. A.-M., Atayah, A. A., & Özer, S. Q. (2023). Impact Of Financial Technology (Fintech) On Financial Performance Of Micro Finance Institutions In Bahrain. African Journal of Emerging Issues, 5(17), 1–11.
Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly, 13(3), 319–340. https://doi.org/https://doi.org/10.2307/249008
Djoewita, D., Sudarmiatin, S., & Wardana, L. W. (2023). Analysis Of Financial Performance Quality Influenced By Financial Literacy And Internal Control Systems Moderate By Internal Audit In The Convection Business. International Journal of Economics and Management Research, 2(3), 181–199.
Gomber, P., Koch, J.-A., & Siering, M. (2017). Digital Finance and FinTech: current research and future research directions. Journal of Business Economics, 87, 537–580.
Hamzah, R. S., Gozali, E. O. D., Efriandy, I., & Gusmiati, D. M. (2023). Pengelolaan Modal Kerja, Literasi Keuangan dan Performa UMKM di Masa Pandemi Covid-19. Nominal Barometer Riset Akuntansi Dan Manajemen, 12(2), 177–188.
Hasan, M. M., Yajuan, L., & Mahmud, A. (2020). Regional development of China’s inclusive finance through financial technology. Sage Open, 10(1), 2158244019901252.
Hermuningsih, S., Sari, P. P., & Rahmawati, A. D. (2023). The moderating role of bank size: influence of fintech, liquidity on financial performance. Jurnal Siasat Bisnis, 106–117. https://doi.org/10.20885/jsb.vol27.iss1.art8
Histori, S. O. (2022). Financial Literacy, Social Influence and The Use of Digital Payments: A Literature Review. Proceeding of The International Conference on Economics and Business, 1(2), 206–220.
Kaddumi, T. A., Baker, H., Nassar, M. D., & A-Kilani, Q. (2023). Does Financial Technology Adoption Influence Bank’s Financial Performance: The Case of Jordan. Journal of Risk and Financial Management, 16(9), 413. https://doi.org/10.3390/jrfm16090413
Kass-Hanna, J., Lyons, A. C., & Liu, F. (2022). Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa. Emerging Markets Review, 51, 100846.
Kimunduu, G., Erick, O., & Shisia, A. (2016). A study on the influence of financial literacy on financial performance of small and medium enterprises in Ruiru Town, Kiambu County, Kenya. International Journal of Economics, Commerce and Management, 4(11), 416–433.
Koto, F. F., Soebijakto, G. S. A., & Adriana, E. (2023). Analisis Pengaruh Atmosfer Café Dan Customer Experience Terhadap Pengambilan Keputusan Customer Yaitu Mahasiswa Malang Dalam Pemilihan Tempat Coffee Shop Untuk Belajar. CEMERLANG: Jurnal Manajemen Dan Ekonomi Bisnis, 3(3), 8–19.
Latipah, L., Fauziyah, A., & Yusup, I. (2023). The Effect Of Financial Literacy And Inclusion On The Level Of Business Resilience In Smes In Tasikmalaya. Jurnal Ekonomi, 12(02), 678–685.
Lestari, E. D., Hamid, N. A., Rizkalla, N., Purnamaningsih, P., & Urus, S. B. T. (2022). The Effect of Financial Literacy, Cost of Technology Adoption, Technology Perceived Usefulness, and Government Support on MSMEs’ Business Resilience. Global Journal of Business Social Sciences Review (GATR-GJBSSR), 10(3).
Long, T. Q., Morgan, P. J., & Yoshino, N. (2023). Financial literacy, behavioral traits, and ePayment adoption and usage in Japan. Financial Innovation, 9(1), 101.
Lusardi, A., & Tufano, P. (2015). Debt literacy, financial experiences, and overindebtedness. Journal of Pension Economics & Finance, 14(4), 332–368. https://doi.org/10.1017/S1474747215000232
Lyons, A. C., & Kass‐Hanna, J. (2021). A methodological overview to defining and measuring “digital” financial literacy. Financial Planning Review, 4(2), e1113.
Menike, L. (2018). Effect of financial literacy on firm performance of Small and Medium Enterprises in Sri Lanka. 2019 Financial Markets & Corporate Governance Conference.
Muthaura, T., Muguna, B. K., & Wandiri, L. (2021). Influence of Financial Technology On Financial Performance of Commercial Banks in Kenya. African Development Finance Journal, 5(2), 45–64.
Nihayah, A. N., Rifqi, L. H., Vanni, K. M., & Imron, A. (2022). Analisis Ketahanan Keuangan Pelaku Usaha Mikro Kecil Diukur Dari Implementasi Literasi Keuangan Pada Masa Pandemi Covid 19. Jurnal E-Bis, 6(2), 438–455.
Ningsih, T. N., & Tasman, A. (2020). Pengaruh financial literacy dan financial inclusion terhadap kinerja UMKM. Jurnal Kajian Manajemen Dan Wirausaha, 2(4), 151.
Penrose, E. T. (2009). The Theory of the Growth of the Firm. Oxford university press.
Pongtanalert, K., & Assarut, N. (2022). Entrepreneur mindset, social capital and adaptive capacity for tourism SME resilience and transformation during the COVID-19 pandemic. Sustainability, 14(19), 12675.
Putritamara, J. A., Hartono, B., Toiba, H., Utami, H. N., Rahman, M. S., & Masyithoh, D. (2023). Do dynamic capabilities and digital transformation improve Business resilience during the COVID-19 pandemic? Insights from beekeeping MSMEs in Indonesia. Sustainability, 15(3), 1760. https://doi.org/10.3390/su15031760
Ruhmi, I., & Tanjung, A. A. (2023). The Influence of Financial Literacy, Fintech Peer To Peer Lending, and Payment Gateways on the Financial Performance of MSMEs in Medan City. Quantitative Economics and Management Studies, 4(4), 710–721.
Salignac, F., Marjolin, A., Reeve, R., & Muir, K. (2019). Conceptualizing and measuring financial resilience: A multidimensional framework. Social Indicators Research, 145, 17–38.
Sari, E. T., Yuliastanti, R., & Wardhani, P. S. (2023). Corporate social responsibility’s relationship with marketing and financial performance of agricultural companies: a case study in East Java, Indonesia. Jurnal Ilmiah Pertanian, 20(2), 139–152. https://doi.org/10.31849/jip.v20i2.13038
Seraj, A. H. A. (2022). Entrepreneurial Competency, Financial Literacy, and Sustainable Performance—Examining the Mediating Role of Entrepreneurial Resilience among Saudi Entrepreneurs. Sustainability (Switzerland), 14(17), 1–17. https://doi.org/10.3390/su141710689
Sudewi, N. N. D., & Dewi, S. K. S. (2022). The Effect of Financial Literacy and Intellectual Capital on Financial Performance. International Journal of Business Management and Economic Review, 5(4), 240–251.
Sumidartini, A. N., & Muhyi, H. A. (2022). Does financial literacy affect the resilience of small businesses in traditional markets? PalArch’s Journal of Archaeology of Egypt/Egyptology, 19(2), 252–262.
Sunardi, N., & Tatariyanto, F. (2023). The Impact of the Covid-19 Pandemic and Fintech Adoption on Financial Performance Moderating by Capital Adequacy. International Journal of Islamic Business and Management Review, 3(1), 102–118. https://doi.org/10.54099/ijibmr.v3i1.620
Thadeus, O. O., Simiyu, G., & Ombaba, M. (2023). Accounting Practices, Financial Literacy And Financial Performance Of Micro, Small And Medium Enterprises. Journal of Business and Management Review, 4(9), 700–719.
Tira, A., Wardana, I. M., & Setiawan, P. Y. (2016). Aplikasi model TAM pada penggunaan e-newspaper di Kota Denpasar. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 5(6), 1485–1512.
Wati, A. S., Dedyanti, M. K., Febriyanti, N., & Pandin, M. Y. R. (2023). Pengaruh Rasio Likuiditas, Leverage, Dan Profitabilitas Terhadap Financial Resilience Pada Industri Food And Beverage (F&B) Dalam Masa Krisis Ekonomi. CEMERLANG: Jurnal Manajemen Dan Ekonomi Bisnis, 3(3), 136–154.
Xia, Y., Qiao, Z., & Xie, G. (2022). Corporate resilience to the COVID-19 pandemic: The role of digital finance. Pacific-Basin Finance Journal, 74, 101791.
Yahya, H. (2023). The role of ESG performance in firms’ resilience during the COVID-19 pandemic: Evidence from Nordic firms. Global Finance Journal, 58, 100905.
Yaniar, N., Sasono, A. D., Sukoco, A., & Rosyid, A. (2021). Financial Technology and Digital Marketing on MSMEs and their Impact on Financial Performance and Business Sustainability. IJEBD (International Journal of Entrepreneurship and Business Development), 4(6), 828–838. https://doi.org/10.29138/ijebd.v4i6.1546
Yoshino, N., Morgan, P. J., & Long, T. Q. (2020). Financial literacy and fintech adoption in Japan. ADBI Working Paper Series.
Zahra, S. A., & George, G. (2002). The net-enabled business innovation cycle and the evolution of dynamic capabilities. Information Systems Research, 13(2), 147–150.
Adomako, S., Danso, A., Damoah, J. O., & Uddin, M. (2016). Risk-taking propensity, managerial network ties and firm performance in an emerging economy. The Journal of Entrepreneurship, 25(2), 155–183.
Agatha, M. K., Nurfadilah, N., Auliav, R. L., & Pandin, M. Y. R. (2023). Pengaruh Literasi Keuangan Dan Perilaku Keuangan Terhadap Financial Resilience Pada Umkm (Studi Pelaku Umkm Di Kelurahan Ngagel Surabaya). Jurnal Ilmiah Dan Karya Mahasiswa, 1(4), 170–187.
Akma, I. R., Romadhon, A. F., Rizki, M. R., & Sari, R. N. (2023). Pengaruh FINTECH Terhaddap Kinerja Keuangan Bank Syariah Periode 2020-2022. Jurnal Ekonomi Manajemen Dan Bisnis (JEMB), 1(2), 141–146.
Alshebami, A. S., & Murad, M. (2022). The moderation effect of entrepreneurial resilience on the relationship between financial literacy and sustainable performance. Frontiers in Psychology, 13, 954841.
Ananda, G. C., Faried, A. I., Syaula, M., & Malay, I. (2023). The Effect of Financial Literacy and Financial Technology on Financial Performance (Case Study: Desa Kebun Kelapa). International Journal of Management, Economic and Accounting, 1(2), 81–93.
Atiase, V., Agbanyo, S., Ganza, P., Ameh, J., & Sambian, R. (2023). Understanding SME financial resilience and survivability in Africa. Entrepreneurial Financial Resilience and Financial Innovation in a Turbulent Era, 106.
Atiase, V. Y., Sarpong, D., Agbanyo, S., & Ameh, J. K. (2022). Crafting organisational resilience through managerial performance. In The African Context of Business and Society (pp. 77–94). Emerald Publishing Limited.
Aulia, S., Winoto, Y., & Anwar, R. K. (2023). Kegiatan knowledge sharing pada literasi finansial di Komunitas Finansialku. Informatio: Journal of Library and Information Science, 3(2), 79–92.
Baker, H., Kaddumi, T. A., Nassar, M. D., & Muqattash, R. S. (2023). Impact of financial technology on improvement of banks’ financial performance. Journal of Risk and Financial Management, 16(4), 230. https://doi.org/10.3390/jrfm16040230
Brigham, E. F., & Houston, J. F. (2022). Fundamentals of financial management (16th ed.). Cengage Learning.
Cai, C., Chang, X., Deng, X., He, Y., Peng, J., & Peng, Z. (2023). Financial Technologies and Economic Resilience from COVID-19. Nanyang Business School Research Paper, 23–07.
Chen, W., & Yuan, X. (2021). Financial inclusion in China: an overview. Frontiers of Business Research in China, 15, 1–21. https://doi.org/10.1186/s11782-021- 00098-6
Chuc, A. A.-M., Atayah, A. A., & Özer, S. Q. (2023). Impact Of Financial Technology (Fintech) On Financial Performance Of Micro Finance Institutions In Bahrain. African Journal of Emerging Issues, 5(17), 1–11.
Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly, 13(3), 319–340. https://doi.org/https://doi.org/10.2307/249008
Djoewita, D., Sudarmiatin, S., & Wardana, L. W. (2023). Analysis Of Financial Performance Quality Influenced By Financial Literacy And Internal Control Systems Moderate By Internal Audit In The Convection Business. International Journal of Economics and Management Research, 2(3), 181–199.
Gomber, P., Koch, J.-A., & Siering, M. (2017). Digital Finance and FinTech: current research and future research directions. Journal of Business Economics, 87, 537–580.
Hamzah, R. S., Gozali, E. O. D., Efriandy, I., & Gusmiati, D. M. (2023). Pengelolaan Modal Kerja, Literasi Keuangan dan Performa UMKM di Masa Pandemi Covid-19. Nominal Barometer Riset Akuntansi Dan Manajemen, 12(2), 177–188.
Hasan, M. M., Yajuan, L., & Mahmud, A. (2020). Regional development of China’s inclusive finance through financial technology. Sage Open, 10(1), 2158244019901252.
Hermuningsih, S., Sari, P. P., & Rahmawati, A. D. (2023). The moderating role of bank size: influence of fintech, liquidity on financial performance. Jurnal Siasat Bisnis, 106–117. https://doi.org/10.20885/jsb.vol27.iss1.art8
Histori, S. O. (2022). Financial Literacy, Social Influence and The Use of Digital Payments: A Literature Review. Proceeding of The International Conference on Economics and Business, 1(2), 206–220.
Kaddumi, T. A., Baker, H., Nassar, M. D., & A-Kilani, Q. (2023). Does Financial Technology Adoption Influence Bank’s Financial Performance: The Case of Jordan. Journal of Risk and Financial Management, 16(9), 413. https://doi.org/10.3390/jrfm16090413
Kass-Hanna, J., Lyons, A. C., & Liu, F. (2022). Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa. Emerging Markets Review, 51, 100846.
Kimunduu, G., Erick, O., & Shisia, A. (2016). A study on the influence of financial literacy on financial performance of small and medium enterprises in Ruiru Town, Kiambu County, Kenya. International Journal of Economics, Commerce and Management, 4(11), 416–433.
Koto, F. F., Soebijakto, G. S. A., & Adriana, E. (2023). Analisis Pengaruh Atmosfer Café Dan Customer Experience Terhadap Pengambilan Keputusan Customer Yaitu Mahasiswa Malang Dalam Pemilihan Tempat Coffee Shop Untuk Belajar. CEMERLANG: Jurnal Manajemen Dan Ekonomi Bisnis, 3(3), 8–19.
Latipah, L., Fauziyah, A., & Yusup, I. (2023). The Effect Of Financial Literacy And Inclusion On The Level Of Business Resilience In Smes In Tasikmalaya. Jurnal Ekonomi, 12(02), 678–685.
Lestari, E. D., Hamid, N. A., Rizkalla, N., Purnamaningsih, P., & Urus, S. B. T. (2022). The Effect of Financial Literacy, Cost of Technology Adoption, Technology Perceived Usefulness, and Government Support on MSMEs’ Business Resilience. Global Journal of Business Social Sciences Review (GATR-GJBSSR), 10(3).
Long, T. Q., Morgan, P. J., & Yoshino, N. (2023). Financial literacy, behavioral traits, and ePayment adoption and usage in Japan. Financial Innovation, 9(1), 101.
Lusardi, A., & Tufano, P. (2015). Debt literacy, financial experiences, and overindebtedness. Journal of Pension Economics & Finance, 14(4), 332–368. https://doi.org/10.1017/S1474747215000232
Lyons, A. C., & Kass‐Hanna, J. (2021). A methodological overview to defining and measuring “digital” financial literacy. Financial Planning Review, 4(2), e1113.
Menike, L. (2018). Effect of financial literacy on firm performance of Small and Medium Enterprises in Sri Lanka. 2019 Financial Markets & Corporate Governance Conference.
Muthaura, T., Muguna, B. K., & Wandiri, L. (2021). Influence of Financial Technology On Financial Performance of Commercial Banks in Kenya. African Development Finance Journal, 5(2), 45–64.
Nihayah, A. N., Rifqi, L. H., Vanni, K. M., & Imron, A. (2022). Analisis Ketahanan Keuangan Pelaku Usaha Mikro Kecil Diukur Dari Implementasi Literasi Keuangan Pada Masa Pandemi Covid 19. Jurnal E-Bis, 6(2), 438–455.
Ningsih, T. N., & Tasman, A. (2020). Pengaruh financial literacy dan financial inclusion terhadap kinerja UMKM. Jurnal Kajian Manajemen Dan Wirausaha, 2(4), 151.
Penrose, E. T. (2009). The Theory of the Growth of the Firm. Oxford university press.
Pongtanalert, K., & Assarut, N. (2022). Entrepreneur mindset, social capital and adaptive capacity for tourism SME resilience and transformation during the COVID-19 pandemic. Sustainability, 14(19), 12675.
Putritamara, J. A., Hartono, B., Toiba, H., Utami, H. N., Rahman, M. S., & Masyithoh, D. (2023). Do dynamic capabilities and digital transformation improve Business resilience during the COVID-19 pandemic? Insights from beekeeping MSMEs in Indonesia. Sustainability, 15(3), 1760. https://doi.org/10.3390/su15031760
Ruhmi, I., & Tanjung, A. A. (2023). The Influence of Financial Literacy, Fintech Peer To Peer Lending, and Payment Gateways on the Financial Performance of MSMEs in Medan City. Quantitative Economics and Management Studies, 4(4), 710–721.
Salignac, F., Marjolin, A., Reeve, R., & Muir, K. (2019). Conceptualizing and measuring financial resilience: A multidimensional framework. Social Indicators Research, 145, 17–38.
Sari, E. T., Yuliastanti, R., & Wardhani, P. S. (2023). Corporate social responsibility’s relationship with marketing and financial performance of agricultural companies: a case study in East Java, Indonesia. Jurnal Ilmiah Pertanian, 20(2), 139–152. https://doi.org/10.31849/jip.v20i2.13038
Seraj, A. H. A. (2022). Entrepreneurial Competency, Financial Literacy, and Sustainable Performance—Examining the Mediating Role of Entrepreneurial Resilience among Saudi Entrepreneurs. Sustainability (Switzerland), 14(17), 1–17. https://doi.org/10.3390/su141710689
Sudewi, N. N. D., & Dewi, S. K. S. (2022). The Effect of Financial Literacy and Intellectual Capital on Financial Performance. International Journal of Business Management and Economic Review, 5(4), 240–251.
Sumidartini, A. N., & Muhyi, H. A. (2022). Does financial literacy affect the resilience of small businesses in traditional markets? PalArch’s Journal of Archaeology of Egypt/Egyptology, 19(2), 252–262.
Sunardi, N., & Tatariyanto, F. (2023). The Impact of the Covid-19 Pandemic and Fintech Adoption on Financial Performance Moderating by Capital Adequacy. International Journal of Islamic Business and Management Review, 3(1), 102–118. https://doi.org/10.54099/ijibmr.v3i1.620
Thadeus, O. O., Simiyu, G., & Ombaba, M. (2023). Accounting Practices, Financial Literacy And Financial Performance Of Micro, Small And Medium Enterprises. Journal of Business and Management Review, 4(9), 700–719.
Tira, A., Wardana, I. M., & Setiawan, P. Y. (2016). Aplikasi model TAM pada penggunaan e-newspaper di Kota Denpasar. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 5(6), 1485–1512.
Wati, A. S., Dedyanti, M. K., Febriyanti, N., & Pandin, M. Y. R. (2023). Pengaruh Rasio Likuiditas, Leverage, Dan Profitabilitas Terhadap Financial Resilience Pada Industri Food And Beverage (F&B) Dalam Masa Krisis Ekonomi. CEMERLANG: Jurnal Manajemen Dan Ekonomi Bisnis, 3(3), 136–154.
Xia, Y., Qiao, Z., & Xie, G. (2022). Corporate resilience to the COVID-19 pandemic: The role of digital finance. Pacific-Basin Finance Journal, 74, 101791.
Yahya, H. (2023). The role of ESG performance in firms’ resilience during the COVID-19 pandemic: Evidence from Nordic firms. Global Finance Journal, 58, 100905.
Yaniar, N., Sasono, A. D., Sukoco, A., & Rosyid, A. (2021). Financial Technology and Digital Marketing on MSMEs and their Impact on Financial Performance and Business Sustainability. IJEBD (International Journal of Entrepreneurship and Business Development), 4(6), 828–838. https://doi.org/10.29138/ijebd.v4i6.1546
Yoshino, N., Morgan, P. J., & Long, T. Q. (2020). Financial literacy and fintech adoption in Japan. ADBI Working Paper Series.
Zahra, S. A., & George, G. (2002). The net-enabled business innovation cycle and the evolution of dynamic capabilities. Information Systems Research, 13(2), 147–150.