“…Other studies have sought to extend our understanding of the dynamics of co-evolution between organizations (micro) and institutions (macro) (Child et al, 2012(Child et al, , 2013Dieleman & Sachs, 2008;Rodrigues & Child, 2003) and between industries (meso) and institutions (Ahlstrom & Bruton, 2010;Breznitz, 2007;Flier et al, 2003;Funk, 2009;Hoffman, 1999;Jain & Sharma, 2013;Murmann, 2013). Both approaches appreciate the value of environments, historical legacies, institutional contexts of countries in shaping organizations' trajectories, and their structural evolution over time (Djelic & Ainamo, 1999).…”