Entrepreneurial Dynamics and Institutional Changes

Esther Hormiga, Li Xiao, David Smallbone


Contemporary literature has paid considerable attention to the relationships between formal and informal institutions and early stage firms’ behaviours in different institutional settings in recent years. Given a constantly changing business environment in which companies are operating, there is a need to continuously study how they deal with new challenges and how they achieve new goals. It is essential for not only nascent but also experienced entrepreneurs to discover new dynamics in order to stay at a competitive level. This special issue of Journal of Evolutionary Studies in Business aims to explore the role of dynamics that interact with institutional changes in surviving and growing ventures. We present the nine articles with a variety of studied contexts, which shed some light on how companies or organisations keep up with institutional changes at both macro and micro level, by actively transforming business practices and entrepreneurial processes.


Entrepreneurial dynamics; Institutional changes; Processes; Entrepreneurship

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Vanaelst, Iris, Bart Clarysse, Mike Wright, Andy Lockett, Nathalie Moray, and Rosette S’Jegers. 2006. “Entrepreneurial team development in academic spin-outs: an examination of team heterogeneity.” Entrepreneurship Theory and Practice 30 (2): 249-271.

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DOI: http://dx.doi.org/10.1344/jesb2018.1.j035


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