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


  • Rudi K. F. Bresser
  • Klemens Millonig


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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    Cited by:

    1. 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.
    2. 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.
    3. Yang, Zhilin & Jiang, Ling (Alice), 2015. "Managing corporate crisis in China: Sentiment, reason, and law," Business Horizons, Elsevier, vol. 58(2), pages 193-201.
    4. 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).
    5. 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.
    6. 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.

    More about this item


    Competitive Advantage; Institutional Capital; Neoinstitutional Organization Theory; Strategic Management;

    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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