A1 Refereed original research article in a scientific journal
Institutional Path Dependence in Competitive Dynamics: The Case of Paper Industries in Finland and the USA
Authors: Juha-Antti Lamberg, Juha Laurila, Tomi Nokelainen
Publisher: John Wiley & Sons
Publication year: 2017
Journal: Managerial and Decision Economics
Journal name in source: MANAGERIAL AND DECISION ECONOMICS
Journal acronym: MANAG DECIS ECON
Volume: 38
Issue: 7
First page : 971
Last page: 991
Number of pages: 21
ISSN: 0143-6570
DOI: https://doi.org/10.1002/mde.2839
Web address : http://onlinelibrary.wiley.com/doi/10.1002/mde.2839/full
Abstract
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. Copyright (c) 2016 John Wiley & Sons, Ltd.
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. Copyright (c) 2016 John Wiley & Sons, Ltd.
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