ANALYSIS OF APPROACHES TO ESSENTIAL FILLING OF THE "INSTITUTIONAL ENVIRONMENT" CATEGORY
Keywords:
institutional environment, institutions, , elements of the institutional environment, formal and informal institutions, hierarchy of institutions, dimensions of the institutional environment
Abstract
The article analyzes the approaches to defining the category "institutional environment" found in modern scientific foreign literature. It is shown that the specified category has not found an established categorical design, despite the relevance of the specified concept, because a coherent and effective institutional environment becomes a key element for the progressive development of society in the conditions of post-industrialism. By forming values, norms, rules, and habits, it affects the behavior of individuals and organizations, which contributes to social coordination and cooperation, the resolution of disputes and conflicts, social order, stability, predictability, and sequence of social processes, which reduces entropy and crisis processes in society. The institutional environment provides a basis for the interaction of all the main elements of society: economic, political-legal, social, environmental, etc. Considering this, it is extremely important to understand the essence of the specified category, which is the basis for building effective theories and models that allow to construction of an adequate and effective institutional environment within the state. It has been demonstrated that there are several approaches to defining the concept of the institutional environment. The first involves the selection of the generic concept of the institution as the main component of the institutional environment, which is a set of institutions within a certain system and elements that influence its development within the framework of a complete social system. The second approach involves structuring the elements of the institutional environment according to the form of their manifestation; the third – building a hierarchy of institutions; the fourth is the selection of three dimensions of the institutional environment. Finally, the last approach involves the division of institutions in the structure of the institutional environment into groups depending on the type of relations that have developed between the subjects of the specified sphere or system, or according to the functions, it performs. As a result of the research, the author's definition of the concept of "institutional environment" is presented.
References
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48. Roy, W.G. (1997). Socializing capital: The rise of the large industrial corporation in America. Princeton, NJ: Princeton University Press.
49. Berry, H., Guile, M.F., Zhou, N. (2010) An Institutional Approach to Cross-National Distance. Journal of International Business Studies, 41, 1460–1480.
50. Xu, K., Hitt, M.A., Brock, D., Pisano, V., Huang, L.S. (2021). A country institutional environments and international strategy: A review and analysis of the research. Journal of International Management, 27, 100811.
51. Ghemawat, P. (2001). Distance Still Matters: The Hard Reality of Global Expansion. Harvard Business Review, 79, 137–147.
52. Eesley, Ch., Zhou, L. (2014). The Institutional Environment for U.S. Economic Innovation. Stanford Center for International Development, 502, 1–32.
53. Visser, W. (2008). Corporate social responsibility in developing economies. Oxford: Oxford University Press.
54. Veciana, J.M., Aponte, M., Urbano, D. (2002). Institutions and support programmes for entrepreneurship: A two countries comparison. San Juan: International Council for Small Business, 47th World Conference.
55. Kostova, T., Beugelsdijk, S., Scott, W., Kunst, V., Chua, Ch.H., van Essen, M. (2019). The construct of institutional distance through the lens of different institutional perspectives: Review, analysis, and recommendations. Journal of International Business Studies, Academy of International Business.
56. Piech, K. (2003). Economic Policy and Growth of Central and East European Countries. London, University College London.
57. Oxley, J.E. (1999). Institutional environment and the mechanism of governance: The impact of intellectual property protection on the structure of inter-firm alliances. Journal of Economic Behavior & Organization, 38, 283–309.
58. Thelen, K. (2004). How Institutions Evolve. The Political Economy of Skills in Germany, Britain, the United States, and Japan. Cambridge University Press.
59. Du, Z. (2018). A Literature Review on Institutional Environment and Technological Innovation. American Journal of Industrial and Business Management, 8, 1941–1950.
60. Dickson, P.H., Weaver, K.M., Vozikis, G.S. (2013). The Impact of the Institutional Environment on SME Internationalization: An Assessment of the Environmental Assumptions of Emerging Integrated Models of Internationalization. Journal of Applied Business and Economics, 15(3), 43–55.
2. North, D., Thomas, R. (1973). The Rise of the Western World: A New Economic History. Cambrige: Cambrige University Press.
3. North, D. (1986). Institutions, economic growth andfreedom: An historical introduction. Washington Univ., St. Louis.
4. .North, D. (1990). Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press.
5. North, D.C. (1991). Institutions. Journal of Economic Perspectives, 5 (1), 97–112.
6. North, D.C. (1993). Institutions and Credible Commitment. Journal of Institutional & Theoretical Economics, 149, 11–23.
7. North, D.C. (1997). The Contribution of the New Institutional Economics to an Understanding of the Transition Problem. WIDER Annual Lectures.
8. Scott, W.R. (1987). The adolescence of Neo-Institutionalism. Administrative Science Quarterly, 32 (4), 493–511.
9. Scott, W.R., Meyer, J.W. (1991). The organization of societal sectors: Propositions and early evidence. In W.W. Powell, P.J. DiMaggio (Eds.), New institutionalism in organizational analysis (pp. 108–140). Chicago: University of Chicago Press.
10. Scott, W.R. (1995). Institutions and Organizations. Sage Publications, Inc., Thousand Oaks.
11. Scott, W.R. (2008). Institutions and organizations: Ideas and interests. Thousand Oaks, California: Sage Publications.
12. Henisz, W.J., Levitt, R.E., Scott, W.R. (2012). Toward a unified theory of project governance: Economic, sociological, and psychological supports for relational contracting. Engineering Project Organization Journal, 2, 37–55.
13. DiMaggio, P.J., Powell, W.W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48, 147–160.
14. DiMaggio, P.J. (1983). State expansion and the structuration of organizational fields. In Organizational Theory and Public Policy, ed. R. Hall, R. Quinn. Beverly Hills: Sage.
15. DiMaggio, P.J., Powell ,W.W. (1991). Introduction. In W.W. Powell, P.J. DiMaggio (Eds.). The new institutionalism in organizational analysis (pp. 1–38). Chicago: University of Chicago Press.
16. Meyer, J., Rowan, B. (1977). Institutionalized organizations: Formal structure as myth and ceremony. American Journal of Sociology, 87, 340–363.
17. Ostrom, Е. (1990). Governing the Commons. The evolution of institutions for collective action. Cambridge University Press.
18. Schumpeter, J.A. (1934). The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle, New Brunswick.
19. Thomas, G.M., Meyer, J.W., Ramirez, F., Boli, J. (1987). Institutional Structure: Constituting State, Society, and the Individual. Newbury Park, Calif: Sage. In press Thomas eta.
20. Brewer, M.B. (1981). Ethnocentrism and its role in interpersonal trust. In Scientific inquiry and the Social Sciences. San Francisco: Jossey-Bass.
21. Kramer, R.M., Brewer, M.B. (1984). Effects of group identity on resource use in a simulated commons dilemma. Pers. Soc. Psychol, 46: 1044–57.
22. Messick, D.M., Wilke, H., Brewer, M.B. (1983). Individual adaptations and structural change as solutions to social dilemmas. J. Pers. Soc. Psychol, 44, 294–309.
23. Yamagishi, T. (1986). The structural goal! Expectation theory of cooperation in social dilemmas. In Advances in Group Processes: Theory and Research, Greenwich, Conn: JAI.
24. Levi, M. (1981). The predatory theory of rule. Polito Soc, 10, 431–650.
25. Lawrence, T.B., Hardy, C., Phillips, N. (2002). Institutional effects of inter-organizational collaboration: The emergence of proto-institutions. Academy of Management Journal, 45, 281–290.
26. Baumol, W.J., Litan, R.E., Schramm, C.J. (2009). Good capitalism, bad capitalism, and the economics of growth and prosperity. New Haven, CT: Yale University Press.
27. Opara, M., Elloumi, F., Okafor O., Warsame, H. (2017). Effects of the institutional environment on public-private partnership (P3) projects: Evidence from Canada. Accounting Forum.
28. Skrowronek, S. (1982). Building a New American State. Cambridge: Cambridge Univ. Press.
29. Williamson, O.E. (1975). Markets and Hierarchies. New York: Free Press Padgett, J.F. 1981. Hierarchy and ecological control in federal budgetary decision-making, 87, 75–129.
30. Akerlof, G.A. (1980). The economics of social customs, of which unemployment may be one consequence. Q. J. Econ, 95, 749–759.
31. Bonchek, M.S., Shepsle, K.A. (1996). Analyzing politics: Rationality, behavior and instititutions. NewYork: W.W. Norton & Co.
32. Jepperson, R. (1991). Institutions, institutional effects, and institutionalism. In W.W. Powell, P.J. DiMaggio (Eds.). The new institutionalism in organizational analysis (pp. 143–163). Chicago: University of Chicago Press.
33. Keim, G. (2003). Nongovernmental organizations and business-government relations: the importance of institutions. Globalization and NGOs: Transforming Business, Governments, and Society. Westport, CT: Praeger.
34. De Soto, H. (2000). The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Basic Books.
35. Eggertsson, T. (1996). A note on the economics of institutions. Cambridge: Cambridge University Press.
36. Winch, G. (2010). Managing construction projects. Wiley-Blackwell.
37. Stephen, F., Urbano, D., Hemmen, S. (2005). The impact of institutions on entrepreneurial activity. Managerial and Decision Economics, 26, 413–419.
38. Díaz-Casero, J.C., Ferreira, J.J., Mogollón, R.H., Raposoє, M.L. (2012). Influence of institutional environment on entrepreneurial intention: a comparative study of two countries university students. Int Entrep Manag J, 8, 55–74.
39. Djankov, S., Glaeser, E.L., La Porta, R., Lopez-de-Silanes, F., Shleifer, A. (2003). The New Comparative Economics, NBER Working Papers Series.
40. Ring, P.S., Van de Ven, A.H. (1994). Developmental processes of cooperative inter-organizational relationships. Academy of Management Review, 19(1), 90–118.
41. Makino, S., Isobe, T., Chan, C.M. (2004). Does country matter? Strategic Management Journal, 25(10), 1027–1043.
42. Meyer, K.E., Peng, M.W. (2005). Probing theoretically into Central and Eastern Europe: Transactions, resources, and institutions. Journal of International Business Studies, 36, 600–621.
43. Oliver, C. (1997). Sustainable competitive advantage: Combining institutional and resourcebased views. Strategic Management Journal, 18(9), 697–713.
44. Meng, L. (2021). Research on the Impact of Institutional Environment and Corporate Governance on Enterprise Performance and Competitive Advantage Based on Big Data Analysis. Journal of Physics: Conference Series, 1992 (2021), 022108.
45. Toatu, T. (2004). Getting the institutional environment right for investment and growth in the Pacific. Pacific Economic Bulletin, 19 (2), 75–86.
46. Kostova, T. (1996). Success of the transnational transfer of organizational practices within multinational companies. Ph.D. dissertation, University of Minnesota, Minneapolis, MN.
47. Bae, J.-H., Salomon, R. (2010). Institutional Distance in International Business Research. Advances in international management: the past, present and future of international business and management, 23. Avaluable at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1591129
48. Roy, W.G. (1997). Socializing capital: The rise of the large industrial corporation in America. Princeton, NJ: Princeton University Press.
49. Berry, H., Guile, M.F., Zhou, N. (2010) An Institutional Approach to Cross-National Distance. Journal of International Business Studies, 41, 1460–1480.
50. Xu, K., Hitt, M.A., Brock, D., Pisano, V., Huang, L.S. (2021). A country institutional environments and international strategy: A review and analysis of the research. Journal of International Management, 27, 100811.
51. Ghemawat, P. (2001). Distance Still Matters: The Hard Reality of Global Expansion. Harvard Business Review, 79, 137–147.
52. Eesley, Ch., Zhou, L. (2014). The Institutional Environment for U.S. Economic Innovation. Stanford Center for International Development, 502, 1–32.
53. Visser, W. (2008). Corporate social responsibility in developing economies. Oxford: Oxford University Press.
54. Veciana, J.M., Aponte, M., Urbano, D. (2002). Institutions and support programmes for entrepreneurship: A two countries comparison. San Juan: International Council for Small Business, 47th World Conference.
55. Kostova, T., Beugelsdijk, S., Scott, W., Kunst, V., Chua, Ch.H., van Essen, M. (2019). The construct of institutional distance through the lens of different institutional perspectives: Review, analysis, and recommendations. Journal of International Business Studies, Academy of International Business.
56. Piech, K. (2003). Economic Policy and Growth of Central and East European Countries. London, University College London.
57. Oxley, J.E. (1999). Institutional environment and the mechanism of governance: The impact of intellectual property protection on the structure of inter-firm alliances. Journal of Economic Behavior & Organization, 38, 283–309.
58. Thelen, K. (2004). How Institutions Evolve. The Political Economy of Skills in Germany, Britain, the United States, and Japan. Cambridge University Press.
59. Du, Z. (2018). A Literature Review on Institutional Environment and Technological Innovation. American Journal of Industrial and Business Management, 8, 1941–1950.
60. Dickson, P.H., Weaver, K.M., Vozikis, G.S. (2013). The Impact of the Institutional Environment on SME Internationalization: An Assessment of the Environmental Assumptions of Emerging Integrated Models of Internationalization. Journal of Applied Business and Economics, 15(3), 43–55.
Published
2024-03-29
Pages
5-11
Section
SECTION 1 ECONOMIC THEORY AND HISTORY OF ECONOMIC THOUGHT
