Varieties of Asian capitalism : toward an institutional theory of Asian enterprise
Carney, Michael , Gedajlovic, Eric , & Yang, Xiaohua (2009) Varieties of Asian capitalism : toward an institutional theory of Asian enterprise. Asia Pacific Journal of Management, 26(3), pp. 361-380.
In this paper we respond to calls for an institution-based perspective on strategy. With its emphasis upon mimetic, coercive, and normative isomorphism, institutional theory has earned a deterministic reputation and seems an unlikely foundation on which to construct a theory of strategy. However, a second movement in institutional theory is emerging that gives greater emphasis to creativity and agency. We develop this approach by highlighting co-evolutionary processes that are shaping the varieties of capitalism (VoC) in Asia. To do so, we examine the extent to which the VoC model can be fruitfully applied in the Asian context. In the spirit of the second movement of institutional theory, we describe three processes in which firm strategy collectively and intentionally feeds back to shape institutions: (1) filling institutional voids, (2) retarding institutional innovation, and (3) deploying institutional escape. We outline the key contributions contained in the articles of this Special Issue and discuss a research agenda generated by the VoC perspective.
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|Item Type:||Journal Article|
|Keywords:||VoC, Institutions, Co-evolution , Actor-centered Theory , Institutional Innovation|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > International Business (150308)|
|Divisions:||Current > Research Centres > Australian Centre for Business Research|
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
|Deposited On:||28 Sep 2009 09:54|
|Last Modified:||11 Aug 2011 00:14|
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