Institutions and dynamic capabilities: Theoretical insights and research agenda for strategic entrepreneurship
Ismail Gölgeci,
Jorma Larimo and
Ahmad Arslan
Scandinavian Journal of Management, 2017, vol. 33, issue 4, 243-252
Abstract:
The current paper aims to comparatively analyze both institutional and dynamic capabilities approaches conceptually in the context of strategic entrepreneurship. We offer a conceptual review, where strengths, as well as limitations of both theoretical approaches, are highlighted. Our review and discussion show that both approaches are subtly intertwined and can complement each other to further understanding of firm behavior. Institutions provide structural templates for action and cognition in developing, managing, and utilizing dynamic capabilities. Dynamic capabilities, as enablers of agency, can be expected to play a role in creating, maintaining, bridging, and disrupting institutions. Accordingly, the synthesis of institutional and dynamic capabilities approaches leads to a better understanding of agency, behavior, and structure in the context of strategic entrepreneurship for which we present a research agenda that explores key concepts germane to both institutions and dynamic capabilities.
Keywords: Institutions; Dynamic capabilities; Theory synthesis; Strategic entrepreneurship (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0956522117300192
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:scaman:v:33:y:2017:i:4:p:243-252
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/872/bibliographic
http://www.elsevier. ... me/872/bibliographic
DOI: 10.1016/j.scaman.2017.08.003
Access Statistics for this article
Scandinavian Journal of Management is currently edited by Janne Tienari
More articles in Scandinavian Journal of Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().