Entrepreneurial Dynamics and Institutional Changes
Keywords: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.
Ahlstrom, David, and Garry Bruton. 2006. “Venture capital in Emerging Economics: Networks and Institutional changes.” Entrepreneurship Theory and Practice 30 (1): 299-320.
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Bruton, Garry, and David Ahlstrom. 2003. “An institutional view of China’s venture capital industry: explaining the differences between China and the West.” Journal of Business Venturing 18:233-259.
Bruton, Garry, David Ahlstrom, and Han-Lin Li. 2010. “Institutional theory and entrepreneurship: where are we now and where do we need to move in the future?” Entrepreneurship Theory and Practice 34 (3): 421-440.
Colombo, Massimo G., and Luca Grilli. 2010. “On growth drivers of high-tech start-ups: exploring the role offounders’ human capital and venture capital.” Journal of Business Venturing 26 (6): 610-626.
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Shrader, Rod, and Donald S. Siegel. 2007. “Assessing the relationship between human capital and firm performance: evidence from technology-based new ventures.” Entrepreneurship theory and Practice 31 (6): 893-908.
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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.
Wright, Mike, Keith M. Hmieleski, Donald Siegel, and Michael Ensley. 2007. “The role of human capital in technological entrepreneurship.” Entrepreneurship Theory and Practice 31 (6): 791-806.
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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.Xiao, Li, and Mark Ramsden. 2016. “Founder expertise, strategic choices, formation and survival of high-tech SMEs in China: a resource-substitution approach.” Journal of Small Business Management 54:892-911