In this paper, we study the transition from planned venture to operational start-up in the emergent independent power sector. While planned ventures face tremendous obstacles in assembling the resources necessary to begin operations, we hypothesize and show that formal certification from authorized actors increases the likelihood of making this transition.… (More)
This study advances our understanding of network dynamics by applying matching theory to the formation of interorganizational alliances. We introduce market complementary and resource compatibility as two critical matching criteria in alliance formation, and argue that good matches increase firm performance. Using data from liner shipping, we find effects… (More)
Sociologists and organizational theorists have long claimed that the processes of knowledge creation and distribution are fundamentally social. Following in this tradition, we explore the effect of institutional prestige on university technology licensing. Empirically, we examine the influence of university prestige on the annual rate of technology… (More)
The relationship between institutional change and entrepreneurship is poorly understood. We build the theory in this area by tracing institutional change in the US electric power industry over a 40-year period. Our analysis shows that environmental jolts mobilize actors to reformulate institutions, resulting in increased entrepreneurial opportunity. When… (More)
1 We analyze how the American temperance movement produced changes in social norms and laws concerning the use of alcohol, thereby deinstitutionalizing breweries as an organizational form and creating opportunities for entrepreneurs to found organizations producing new kinds of beverages as a substitute for beer and other alcoholic beverages.
This study examines the effects of formal structure on the performance of new ventures in the emergent Internet sector during the years 1996–2001. Burns and Stalker (1961) argued that in dynamic economic sectors, firms with organic structures are more effective than those with more mechanistic structures. We suggest this proposition does not hold for new… (More)
Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. ABSTRACT Although entrepreneurs constitute a key economic driving force for many emerging economies, they often face… (More)
Institutional Change Institutional approaches to the study of organizations provide an active and fruitful line of (1949) inquiry into how organizations become institutions, contemporary institutional analysis asks how organizations are influenced by institutionalized rules and institutional environments-forces that operate, by definition, above and across… (More)