Institutional Path Dependence in Competitive Dynamics: The Case of Paper Industries in Finland and the USA
Lamberg, J.-A., Laurila, J., & Nokelainen, T. (2017). Institutional Path Dependence in Competitive Dynamics: The Case of Paper Industries in Finland and the USA. Managerial and Decision Economics, 38(7), 971-991. https://doi.org/10.1002/mde.2839
Published inManagerial and Decision Economics
DisciplineBasic or discovery scholarshipStrategia ja yrittäjyysBasic or discovery scholarshipStrategy and Entrepreneurship
Copyright © 2016 John Wiley & Sons, Ltd. This is a final draft version of an article whose final and definitive form has been published by Wiley. Published in this repository with the kind permission of the publisher.
Prior research on competitive dynamics has failed to offer tools to understand distorted patterns of competition that emerge from distinct institutional and historical contexts. Our analysis suggests that a joint effect of institutional rules, governance structures, and shared cognition plays a pivotal role in firm-level competitive behavior and capability development. We show how globally significant market positions can result from specific institutional arrangements between firms and governments, especially if coupled with interfirm contractual commitments. Our results call for more attention to these interfirm commitments that are built on formal rules and governmental support, but whose impact they yet exceed.
PublisherJohn Wiley & Sons Ltd
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