Institutional path dependence in competitive dynamics: the case of paper industries in Finland and the USA

A1 Journal article (refereed)


Internal Authors/Editors


Publication Details

List of Authors: Juha-Antti Lamberg, Juha Laurila, Tomi Nokelainen
Publication year: 2016
Journal: Managerial and Decision Economics
Journal acronym: Manage. Decis. Econ.
eISSN: 1099-1468


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.

Last updated on 2020-22-01 at 04:09