• We appreciate the generous support of the National Science Foundation (IOC Award #0323176), the Stanford Technology Ventures Program, and the MIT Sloan School of Management. We also thank multiple individuals for their helpful comments, including Using computational and mathematical modeling, this study explores the tension between too little and too much… (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)
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)
We appreciate the generous support of the National Science Foundation (IOC Award #0323176) and the Stanford Technology Ventures Program. We also thank many individuals for their helpful comments including Also, the paper benefited greatly from the comments of Elaine Romanelli and three anonymous reviewers. ABSTRACT This study explores the fundamental… (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)
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)