Institutional analysis of strategic choice of micro, small, and medium enterprises : a conceptual framework
AbstractA conceptual framework is presented showing formal and informal institutions and their relationship with the strategic choice of micro, small and medium enterprises (MSMEs) in a developing-country setting. Emphasis is placed on how institutions at the subnational level (such as a region or city) influence the strategic orientations of MSMEs in the wake of decentralization, which grants subnational government authorities more political, economic, fiscal, and administrative powers. Furthermore, the paper sheds light on the environmental (institutional) determinism-organizational (strategic) choice nexus. It offers propositions, questions, and issues worth pursuing in future empirical investigations.
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Bibliographic InfoArticle provided by University of the Philippines School of Economics and Philippine Economic Society in its journal Philippine Review of Economics.
Volume (Year): 44 (2007)
Issue (Month): 1 (June)
MSMEs; strategic choice; institutional analysis; firm performance;
Find related papers by JEL classification:
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
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