Entrepreneurial Dynamics and Institutional Changes


  • Esther Hormiga Universitat de Barcelona
  • Li Xiao Lancaster University Management School, Lancaster University
  • David Smallbone Kingston Business School, Kingston University




Entrepreneurial dynamics, Institutional changes, Processes, Entrepreneurship


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.


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Author Biography

Esther Hormiga, Universitat de Barcelona

Esther Hormiga, PhD in Economics and Business Science, Las Palmas de Gran Canaria University. Associate Professor of Business and Entrepreneurship at the UB. Research interests: Entrepreneurship, new venture's success, intellectual capital


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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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Xiao, Li, and David North. 2012. “Institutional transition and the financing of high-tech SMEs in China: a longitudinal perspective.” Venture Capital 14 (4): 242-269.

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How to Cite

Hormiga, Esther, Li Xiao, and David Smallbone. 2018. “Entrepreneurial Dynamics and Institutional Changes”. Journal of Evolutionary Studies in Business 3 (1):1-16. https://doi.org/10.1344/jesb2018.1.j035.