Entrepreneurship in and around institutional voids: A case study from Bangladesh

Mair, Johanna; Martí, Ignasi

doi:10.1016/j.jbusvent.2008.04.006

Cited by 1,123 publications

(1,057 citation statements)

References 59 publications

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“…It is argued that such institutional pluralism provides room for discretionary action (Kraatz & Block, 2008). In other words, institutional voids are understood as 'opportunity spaces' for agency (Mair & Martí, 2009;Saka-Helmhout & Geppert, 2011;McKague, Zietsma, & Oliver, 2015;Venkataraman et al, 2016). Given that organization-specific advantages evolve through actively innovating around institutions (Cantwell et al, 2010), rather than through passive countering measures, there is a significant opportunity for IB scholarship to investigate ways in which institutional voids enable market and nonmarket actors to shape and transpose institutions in the pursuit of competitive advantage.…”

Section: Suggestions For Future Researchmentioning

confidence: 99%

International business responses to institutional voids

et al. 2017

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For nearly two decades, scholars in international business and management have explored the implications of institutional voids for firm strategy and structure. Although institutional voids offer both opportunities and challenges, they have largely been associated with firms' efforts to avoid or mitigate institutional deficiencies and reduce the transaction costs associated with operating in settings subject to those institutional shortcomings. The goal of this special issue is to advance scholarship on this topic by (a) exploring institutional voids that are new to the literature, (b) providing a deeper assessment of the different ways in which firms respond to these voids, and (c) utilizing diverse disciplines and theoretical approaches to do so. In this introduction, we first review and synthesize extant research on institutional voids, tracking the evolution of institutional void scholarship since the inception of the concept (Khanna & Palepu, Journal of Economic Literature, 45(2):331-372, 1997) and providing our perspective on its contributions and limitations. We then summarize the contributions of the articles included in this special issue. In addition to identifying an array of institutional voids -economic and social -the articles highlight four different strategies for responding to them: internalization, substitution, borrowing and signaling. Drawing on these, we develop new insights on the implications of institutional voids for firm behavior. We conclude with suggestions for future research.

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Section: Suggestions For Future Researchmentioning

confidence: 99%

International business responses to institutional voids

et al. 2017

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“…4 Institutional voids here represent situations where important institutional arrangements needed to support markets (often 'western capitalist institutions') are either absent or too weak to perform in the same manner as seen in developed western economies. However, institutional voids may further create an opportunity for substitution by other institutional arrangements or a deviation by outliers from the institutional normative constraint (Mair and Marti, 2009;Lepoutre and Valente, 2012 (Fidelity Bank, 2014). The bank maintains presence in the major cities and commercial centers of Nigeria and is reputed for integrity, professionalism, quality, stability of its management, and staff training (Fidelity Bank, 2014).…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility in Challenging and Non-enabling Institutional Contexts: Do Institutional Voids matter?

2014

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“…2 From an institutional perspective, this type of condition is known as an 'institutional void' (Mair and Marti 2009;Estrin et al 2013). Often, in these neighbourhoods, strong community organization and local social cohesion are absent.…”

Section: How Does Local Social Capital Relate To Social Entrepreneurimentioning

confidence: 99%

“…In this chapter, we link social entrepreneurial activity to social capital in surrounding neighbourhoods and argue that both low and high levels of social capital in a local environment may create higher degrees of social entrepreneurial activity. We can consider this activity a mixture of the informal components of 'institutional voids' (Mair and Marti 2009) and 'institutional support' (for example, Estrin et al 2013). Stephan et al (2014) found confirmation of 'institutional support' as a determinant of social entrepreneurship at the cross-national level only.…”

Section: Introductionmentioning

confidence: 97%