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Institutional Capital: Competitive Advantage In Light Of The N Ew Institutionalism In Organization Theory

Author

Listed:
  • Rudi K. F. Bresser
  • Klemens Millonig

Abstract

Neoinstitutional organization theory contains an important message for strategic management: A firm’s existence and competitive advantage is strongly affected by its institutional environment. However, the strategic management literature disregards the role of the institutional environment when modeling competitive advantage. This paper develops an integrative model of competitive advantage that draws on prevailing concepts in strategic management and neoinstitutional theory. The model distinguishes three types of institutional capital: cognitive, normative, and regulative capital. The implications for generating and managing institutional capital are discussed.

Suggested Citation

  • Rudi K. F. Bresser & Klemens Millonig, 2003. "Institutional Capital: Competitive Advantage In Light Of The N Ew Institutionalism In Organization Theory," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 55(3), pages 220-241, July.
    • Handle: RePEc:sbr:abstra:v:55:y:2003:i:3:p:220-241
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    Citations

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    Cited by:

    1. Paul, Bénédique, 2009. "Reclaiming Institutions as a Form of Capital," MPRA Paper 39017, University Library of Munich, Germany.
    2. Aparna Katre & Paul Salipante, 2012. "Start–Up Social Ventures: Blending Fine–Grained Behaviors from Two Institutions for Entrepreneurial Success," Entrepreneurship Theory and Practice, , vol. 36(5), pages 967-994, September.
    3. Kenworthy, Thomas P. & Verbeke, Alain, 2015. "The future of strategic management research: Assessing the quality of theory borrowing," European Management Journal, Elsevier, vol. 33(3), pages 179-190.
    4. Kshetri, Nir & Dholakia, Nikhilesh, 2009. "Professional and trade associations in a nascent and formative sector of a developing economy: A case study of the NASSCOM effect on the Indian offshoring industry," Journal of International Management, Elsevier, vol. 15(2), pages 225-239, June.
    5. Mugiati Mugiati, 2015. "The Influence of Working Capital and Organization on the Financial Performance of Small-Sized Enterprises in Jayapura City," Journal of Economics and Behavioral Studies, AMH International, vol. 7(3), pages 104-109.
    6. Albers, Sascha & Heuermann, Caroline, 2012. "Competitive dynamics across industries: An analysis of inter-industry competition in German passenger transportation," Working Paper Series 109, University of Cologne, Department of Business Policy and Logistics.
    7. Kshetri, Nir & Ajami, Riad, 2008. "Institutional reforms in the Gulf Cooperation Council economies: A conceptual framework," Journal of International Management, Elsevier, vol. 14(3), pages 300-318, September.
    8. Muyeba, Singumbe, 2019. "Institutional capital, urban poverty and household wealth in Cape Town," World Development Perspectives, Elsevier, vol. 16(C).
    9. Paul, Bénédique, 2009. "Institutional capital: A new analytical framework on theory and actions for economic development," MPRA Paper 39018, University Library of Munich, Germany.
    10. Manfred Perlitz & Lasse Schulze & Christina B. Wilke, 2010. "The demographic and economic transition in Central and Eastern Europe – Management implications," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 149-176.
    11. Chonnatcha Kungwansupaphan & Jibon Kumar Sharma Leihaothabam, 2019. "Entrepreneurial Orientation, Performance And The Moderating Role Of Institutional Capital: A Case Study Of Female Entrepreneurs In Thailand," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 1-20, June.
    12. Yang, Zhilin & Jiang, Ling (Alice), 2015. "Managing corporate crisis in China: Sentiment, reason, and law," Business Horizons, Elsevier, vol. 58(2), pages 193-201.
    13. Dieter Sadowski & Oliver Ludewig, 2003. "Organisational Capital: The Power of an Economic Metaphor: Organisational Capital in German Establishments," IAAEG Discussion Papers until 2011 200302, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    14. Swallow, Kimberly A. & Swallow, Brent M., 2015. "Explicitly integrating institutions into bioeconomic modeling:," IFPRI discussion papers 1420, International Food Policy Research Institute (IFPRI).
    15. Fitria Astuti Firman, 2017. "The Government Policies Effect on Initiation and Implementation of the Project: A Conceptual Model," GATR Journals jmmr136, Global Academy of Training and Research (GATR) Enterprise.

    More about this item

    Keywords

    Competitive Advantage; Institutional Capital; Neoinstitutional Organization Theory; Strategic Management;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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