Institutional Change and Firm Adaptation

Michael Carney and Eric Gedajlovic

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: We develop a typology of organizational forms found in Southeast Asia that contains four major archetypes, Colonial Business Groups, Family Business Groups, Government Linked Enterprises, and New Managers. We explain how the institutional environment prevailing at their founding profoundly influence the strategies and capabilities of each form. Consequently, strategic repertoires and competencies that are imperfectly aligned with environmental conditions largely delimit the capacity for organizational adaptation in the face of environmental change. We discuss the consequences of such a pattern of path dependence for each organizational form as well as the social and economic systems in which they are embedded.

Keywords: Southeast Asia; colonial business groups; family business groups; institutional change; organizational adaptation (search for similar items in EconPapers)
JEL-codes: D21 L20 L22 M (search for similar items in EconPapers)
Date: 2001-02-14
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Persistent link: https://EconPapers.repec.org/RePEc:ems:eureri:75

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