Prospects for institutional research

The Impact of Institutions on Innovation Networks: Empirical Evidence From Poland

“…Theoretical and empirical literature on the subject underlines that: i) Weak or inappropriate formal regulations may affect the willingness, capability or opportunity of entrepreneurs to innovate (Ashford, 2000) which may result in a lack of trust between innovation network members or rent-seeking behaviour; ii) Informal institutions such as culture, norms or values may support formal institutions (Helmke & Levitsky, 2004) in order to overcome opportunistic behaviour by some members of innovation networks; iii) Formal institutions may suppress, conflict, ignore or "cooperate" with informal ones (Pejovich, 1999) in order to hamper or facilitate the institutional pathologies inside innovation networks; iv) Formal institutions are essential to the innovation process because only formal institutions may limit the disruptive impact of innovations (Chiu, 2017) and may possibly also limit institutional pathologies in innovation networks. v) Formal institutions are more efficient than sanctions or monitoring systems, thanks to people who obey the rules because they believe it is the right thing to do, not fear punishment (Hodgson, 2019). Therefore, in this paper, based on the most recent studies by Chiu (2017) and Hodgson (2019), the following hypothesis was introduced: H3.…”

“…Previous research focused on innovation networks from different angles and primarily managerial perspectives such as: i) Internal relations between members (Salavisa et al, 2012); ii) Regional, global or translocal context (Chaminade & Plechero, 2015;Cano-Kollmann et al, 2018;Avelino et al, 2020); iii) Internal organisation (Aalberts & Dolfsma, 2015); iv) Orchestration (Hurmelinna-Laukkanen & Nätti, 2018); v) Links between members (Masiello et al, 2015); vi) Mechanisms of selection of members (Baum et al, 2010;Shazi et al, 2015); vii) Internal and external knowledge exchanges and flows or leaks (Alberti & Pizzurno, 2015, 2017; viii) Optimal distance between members (Fitjar et al, 2016); ix) Network performance (Jun et al, 2020); x) Network policy (Rubach et al, 2017); xi) Ecosystems (Möller & Halinen, 2017). Importantly, Hodgson (2019) underlines that the interaction between institutions and other factors such as technology or innovation networks needs to be better understood. For this reason, the purpose of this study was to determine: i) If cooperation between local governments (hereafter LGs) and special local institutions may encourage LGs to participate in innovation networks; ii) If a particular type of innovation network matters in terms of the interplay between formal and informal institutions; iii) If formal settings (institutions) alone limit the institutional pathologies of innovation networks.…”

The impact of bankruptcy regimes on entrepreneurship and innovation. Is there any relationship?

“…bankruptcy and restructuring law, which regulates the treatment of debtors, whether insolvent or threatened with insolvency. The output of the new institutional economics argues that the existing system of incentives or "rewards" or "punishments" in a given society and economy depends to a decisive extent on the quality of formal and informal institutions prevailing at a given time and place (Furubotn & Richter, 2005 ; Hodgson, 2019 ; North, 1990 ; Williamson, 1985 ).…”

“…Economic development depends on innovation and entrepreneurship (Hodgson, 2019). Innovation is crucial not only for national economies (Cieślik et al, 2016;Kraftova & Kraft, 2018;Sell, 2020;Tidd, 2006), but also for overcoming the contemporary challenges of fighting COVID-19 (Khan et al, 2021) and stagnation (Estrada et al, 2021).…”

Possibilities of the Economic Institutionalism’ Integration

“…В рамках этой программы НИЭТ должна будет претерпеть серьезные изменения, ей необходимо будет признать укорененность экономики в социальный, культурный и политический мир и начать воспринимать институты, т. е. системы правил, как некоторые социальные структуры, а действия индивидов -как поведение, следующее этим системам правил, т. е. опирающееся на сложившиеся привычки. Еще десятилетие спустя Ходжсон трактует область изучения институтов в ОИЭТ и НИЭТ как некоторое единое целое, -как если бы его программа уже реализовалась (Hodgson, 2019).…”