Organizational Transformation During Institutional Upheaval

Business group affiliation and firm performance in a transition economy: A focus on ownership voids

“…According to an institutional perspective, institutional transitions in emerging economies are "qualitatively different" from industry-specific changes in the West (Newman, 2000) and the pace and source of these transitions have varied dramatically (Peng, 2003). Recent work in the business group literature has begun to highlight how institutional characteristics and the environment of transition economies intersect (Keister, 1998;Lee, Peng, & Lee, 2007;Yiu et al, 2005).…”

Strategy of firms in unstable institutional environments

“…However, often these assumptions are inadequate in emerging or developing contexts situations. Institutional upheavals (Newman, 2000) and shifting economic, political, and value systems prevent the adoption of appropriate organizing templates, or models for action, and consensus on clear sources of legitimacy (Greenwood & Hinings, 1993). In such uncertain and confused institutional environments, managers rely mostly on informal relationships with authorities (Peng & Heath, 1996), and engage in political deals to increase their firms' chances of survival (Hillman & Hitt, 1999).…”

“…In their literature review, Farashahi et al (2005) found that close to 95% of empirical studies on institutional theory, published from 1983 to 2002, have taken their samples from Western countries. Very few studies (e.g., Carney & Gedajlovic, 2002;Peng, 2003 have explored strategy of firms in situations where a country's institutions are in transition with severe institutional upheaval (Newman, 2000).…”

Globalization and the Renewal of Asian Business Networks

“…However, institutional contexts are not static entities. Scholars increasingly recognize that local institutional arrangements may change in response to environmental jolts (Newman, 2000) or exogenous shocks (Carney & Gedajlovic, 2002a). Other scholars point to more diffuse and gradual transnational organizing trends that reshape institutional environments (Dacin, Goodman, & Scott, 2002;Meyer, 1994).…”