“…From the theoretical perspective, the logic to support why the improvisational behavior of entrepreneurs determines firm performance can be explained by the RBV of firms (Wernerfelt, 1984;Barney and Arikan, 2001). RBV emphasizes the role of critical resources that firms acquire, develop and use to generate capabilities that can help them outperform their competitors (Liu, 2017;Fellnhofer, 2019;Charoensukmongkol, 2020). Critical resources required to achieve this objective need to be valuable, rare, inimitable and impossible to be substituted (Barney, 1991).…”