We conduct a detailed analysis of 475 dynamic capabilities papers from 16 journals to assess how the original dynamic capabilities construct (Teece, Pisano, and Shuen, 1997) has been utilized in the decade 1997-2007. We are interested in investigating whether processes of reification took place and explore the conceptual work on and empirical analysis of the dynamic capabilities construct. Further, we perform a similar study on Teece (1998) and Teece (2007) and further investigate whether and how research on dynamic capabilities influenced Teece (2007) revision of the construct. We conclude that the construct of dynamic capabilities has been subject, to some extent, to reification.