Journal articles: 'New institutional theory'

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van Raak, Arno, Angelique de Rijk, and Judy Morsa. "Applying new institutional theory." Work, Employment and Society 19, no. 1 (March 2005): 141–51. http://dx.doi.org/10.1177/0950017005051304.

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Yassin, Mohamed, and Salah A. Ali. "Survival of New Institutional Sociology Theory." International Journal of Customer Relationship Marketing and Management 11, no. 1 (January 2020): 50–63. http://dx.doi.org/10.4018/ijcrmm.2020010104.

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This study explores the extent to which institutional pressures influence the adoption of environmental management accounting (EMA) within the Egyptian manufacturing companies through an institutional perspective that relies on the new institutional sociology theory. The study has conducted interviews with staff members in 18 Egyptian manufacturing companies (organizational level), and with other different actors (organizational-field level), influencing the adoption of EMA in Egyptian companies. The study finds that there is some influence of institutional pressures on EMA's adoption in Egyptian manufacturing companies. The study finds that coercive pressure has more influence on companies to adopt EMA than normative and mimetic pressures. The poor influence of Egyptian accounting professional associations and environmental institutions has weakened the impact of normative pressures. More investigation is needed regarding the political and socio-economic factors surrounding the adoption of EMA in Egyptian context through the multi-levels institutional perspective.

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Falaster, Christian, Luis Miguel Zanin, and Luiz Antonio Guerrazzi. "Institutional theory in tourism research: new opportunities from an evolving theory." Revista Brasileira de Pesquisa em Turismo 11, no. 2 (April 30, 2017): 270–93. http://dx.doi.org/10.7784/rbtur.v11i2.1310.

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In this perspective paper, we bring institutional theory to the attention of tourism research as a valid and evolving theory that can contribute to tourism analysis. We show that institutional theory is still underused in tourism and we develop a series of propositions on how it can be helpful for analyzing destination image and the fit between destination image for tourists and for the local population. Specifically, we show how the central institutional concepts of legitimacy, isomorphism, hybridization, and categorization influence the image strategies of destinations. We contribute to institutional theory by discussing the use of an institutional approach in tourism and to tourism research by providing the analysis of traditional issues with the use of institutional theory.

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Ningrum, Astuti, Ali Djamhuri, and Yeney Widya Prihatiningtyas. "New Institutional Theory: Implementasi Anggaran Berbasis Kinerja." Journal of Research and Applications: Accounting and Management 2, no. 2 (March 31, 2017): 107. http://dx.doi.org/10.18382/jraam.v2i2.77.

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AbstractThe purpose of this study is to analyze the organizational changes that occurred after the adoption of the performance-based budgeting. Organizational change is analyzed from the perspective of the New Institutional Theory (NIT) focusings on the process of implementing performance-based budgeting in the dr. Iskak Hospital Tulungagung. This case study conducted based on qualitative approach. The results indicate that the occurrence of coercive isomorphism occurs, which is supported by mimetic ishomorphism, although it is weak. The dominant symptom is normative ishomorphism indicated by member’ normative trust that performance-based budgeting is the most suitable for hospital. The implementation of performance-based budgeting has encouraged the use of funds more effectively and efficiently.AbstrakTujuan penelitian ini adalah untuk menganalisa perubahan organisasi setelah pengadopsian anggaran berbasis kinerja. Perubahan organisasi dianalisis berdasarkan perspektif New Institutional Theory (NIT) dengan fokus penelitian terhadap proses penerapan anggaran berbasis kinerja di RSUD dr. Iskak Tulungagung. Strategi penelitian adalah studi kasus dengan pendekatan kualitatif. Hasil penelitian menunjukkan terjadinya coercive isomorphism, sebagai upaya memperoleh legitimasi, yang didukung oleh mimetic ishomorphism, yaitu upaya peniruan terhadap organisasi lain, meskipun lemah. Gejala yang dominan adalah normative ishomorphism, ditunjukkan dengan kepercayaan normatif anggota organisasi bahwa anggaran berbasis kinerja paling tepat bagi karakteristik rumah sakit. Penerapan anggaran berbasis kinerja telah mendorong penggunaan dana lebih efektif dan efisien.

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Weyland, Kurt. "Toward a New Theory of Institutional Change." World Politics 60, no. 2 (January 2008): 281–314. http://dx.doi.org/10.1353/wp.0.0013.

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Going beyond historical and rational choice institutionalism, this article elaborates the core of a new theory that can account for the discontinuous, disproportionate, and frequently wave like-nature of institutional change. Cognitive-psychological findings on shifts in actors' propensity for assuming risk help explain why periods of institutional stasis can be followed by dramatic breakthroughs as actors eventually respond to a growing problem load with efforts at bold transformation. And insights on boundedly rational learning explain why solutions to these problems often occur as emulation of other countries' innovations and experiences. The new approach, which elucidates both the demand and the supply side of institutional change, is illustrated through an analysis of the transformation of developmental states, welfare states, and political regimes.

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Lewis, Alexander C., Robert L. Cardy, and Lulu S. R. Huang. "Institutional theory and HRM: A new look." Human Resource Management Review 29, no. 3 (September 2019): 316–35. http://dx.doi.org/10.1016/j.hrmr.2018.07.006.

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Obińska-Wajda, Emilia. "The New Institutional Economics-Main Theories." e-Finanse 12, no. 1 (March 1, 2016): 78–85. http://dx.doi.org/10.1515/fiqf-2016-0138.

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AbstractThe aim of this article is to show that the New Institutional Economics is an interdisciplinary stream combining economics, law, organization theory, political sciences, sociology, and anthropology. The main theories which are part of the New Institutional Economics are: Agency Theory, Property Rights Theory and Transaction Costs Theory. The basic assumptions of these theories are mentioned in this paper. This article is an introduction to the New Institutional Economics and its main theories. For this purpose, it presents a brief guide for those who are interested in the New Institutional Economics. Finally, the article is accompanied by a short review of examples of empirical studies connected with these theories.

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RADIONOV, Yurii. "INSTITUTIONAL THEORY IN THE DEVELOPMENT OF ECONOMICS." Economy of Ukraine 2021, no. 4 (April 24, 2021): 30–50. http://dx.doi.org/10.15407/economyukr.2021.04.030.

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Theoretical bases of establishment and development of institutional theory as a new direction of economic science are analyzed. The preconditions for the emergence of institutionalism are studied, the fundamental differences between the new economic trend and classical economic theory are considered. The weakness of economic theories on the role and importance of the state in economic development is noted, the need to synthesize the strengths of institutionalism with neoclassicism to link the social attitudes and interests of individuals is emphasized. The stages of development of institutional theory, different approaches of institutional scientists, the emergence of a new, modern direction – neo-institutionalism – are studied. Differences in the interpretation of the term “institution” between traditional institutionalists and neo-institutionalists are outlined, which indicates a different methodology of its perception. It is emphasized that the doctrine of the depth of nature of institutions and its interpretation divided institutionalism into old and new. If the old questioned the individualistic worldview inherent in the neoclassical paradigm, then the new institutionalists do not deny the individualistic approach. Economic institutions that operate within the social environment are the frameworks or constraints that govern the behavior of society in economic conditions. Emphasis is placed on the prospects for further development of institutional theory, which allows the emergence and development of other theories, social sciences, reveals hitherto unexplored or little-studied phenomena and processes. In modern conditions, the economic difficulties faced by the world economy convincingly confirm the relevance of institutional theory, and the construction of an efficient economy is not limited to an approach based solely on the methodology of the classical school of economic theory. The contradictions posed by modern globalization are becoming a large-scale source of social, political, economic and even military challenges for less developed countries in relation to the more prosperous ones, and international institutionalization is the mechanism designed to alleviate instability.

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Boudreaux, Christopher, Vartuhi Tonoyan, Christopher I. Rider, Luciano Barin Cruz, Adam Robert Castor, Robert Neal Eberhart, Kim Klyver, et al. "New Advancements in Quantitative Institutional-Theory-Testing Research." Academy of Management Proceedings 2020, no. 1 (August 2020): 21428. http://dx.doi.org/10.5465/ambpp.2020.21428symposium.

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Yung, Ping. "A NEW INSTITUTIONAL ECONOMIC THEORY OF PROJECT MANAGEMENT." Journal of Business Economics and Management 16, no. 1 (December 16, 2014): 228–43. http://dx.doi.org/10.3846/16111699.2012.748689.

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The theories of project management are not well developed despite the existence of extensive literature on the topic. This paper derives a New Institutional Economic theory of project management. It is suggested that project management encompasses both the discipline of operational management and that of economics. The operational management part deals with optimization of project processes. The basic postulation of the economic part is that human beings will maximize their benefits under constraints. Constraints are converted to either price or cost to facilitate the application of the law of demand. Three examples are used to demonstrate how refutable hypotheses can be derived when changes in constraints lead to changes in behaviours. The functions of project management are discussed in the contexts of this theoretical framework. A synthesis with existing theories is also given.

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Hodgson, Geoffrey M. "Institutional economic theory: the old versus the new." Review of Political Economy 1, no. 3 (November 1989): 249–69. http://dx.doi.org/10.1080/09538258900000021.

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Phillips, Nelson, Paul Tracey, and Neri Karra. "Rethinking institutional distance: strengthening the tie between new institutional theory and international management." Strategic Organization 7, no. 3 (August 2009): 339–48. http://dx.doi.org/10.1177/1476127009337439.

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Frolov, D. P. "The future of pluralistic institutional theory." Voprosy Ekonomiki, no. 4 (April 7, 2022): 45–69. http://dx.doi.org/10.32609/0042-8736-2022-4-45-69.

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The article criticizes the stereotypes about the current state of institutional economics and the logic of its development. These stereotypes are based on underestimating the growth of its internal diversity, blurring the methodological boundaries of new and original institutional economics (NIE and OIE), the emergence of numerous alternative institutionalisms. The history of OIE and NIE shows that their competition has been replaced by methodological exchange, and research programs are becoming more heterogeneous and eclectic. Alternative institutionalisms — interdisciplinary movements focused on new trends in the analysis of institutions — are of growing importance. The paper proposes to move from the narrative about the struggle between NIE and OIE to rethinking institutional economics as a continuum of co-evolving and complementary schools and approaches. The article makes the case for creating an institutional theory based on epistemological pluralism, a combination of qualitative and quantitative methods, and the transition to postdisciplinarity. A pluralistic paradigm can be an adequate response to the challenge of increasing institutional complexity in modern economies.

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Scapens, Robert W. "Institutional Theory and Management Accounting Research." Maandblad Voor Accountancy en Bedrijfseconomie 86, no. 10 (October 1, 2012): 401–9. http://dx.doi.org/10.5117/mab.86.11893.

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This article discusses the use of institutional theory in management accounting research. Three different types of institutional theory are described and their use in studying management accounting change is explained: new institutional economics (NIE), new institutional sociology (NIS) and old institutional economics (OIE). Whereas NIE and NIS study how external economic and institutional (i.e., social and political) pressures influence the way organisations are structured and the nature of their management accounting and control practices, OIE focuses on the institutions (ways of thinking) within organisations and the internal pressures and constraints that shape management accounting practices. It is recognised that management accounting change is a complex and multi-dimensional process, and it is shown that institutional theory can highlight the different aspects of the ‘mish-mash’ of inter-related influences. Furthermore, it is explained how taken-for-granted ways of thinking within an organisation can have a direct and important impact on the success (or failure) of a programme of management accounting change.

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Eggertsson, T. "Knowledge and the Theory of Institutional Change." Voprosy Ekonomiki, no. 7 (July 20, 2011): 4–16. http://dx.doi.org/10.32609/0042-8736-2011-7-4-16.

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Modern theory identifies several sources of economic growth, such as capital accumulation, new technologies, secure property rights and contracts, and absence of rent seeking. This paper introduces new social technologies as yet another source of growth and emphasizes our incomplete knowledge of social system. It hinders the building of new institutions. The author introduces a framework for analyzing institutional policy and uses the case of modern biotechnologies to explain how uncertainty about social technologies, persuasion, and competing beliefs influence the evolution of property rights.

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Hansen, Hans, Angela Randolph, Shawna Chen, Robert E. Robinson, Alejandra Marin, and Jae Hwan Lee. "Institutional judo: how entrepreneurs use institutional forces to create change." Journal of Organizational Change Management 28, no. 6 (October 12, 2015): 1076–93. http://dx.doi.org/10.1108/jocm-05-2015-0074.

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Purpose – The purpose of this paper is to examine an entrepreneur’s attempt to gain legitimacy and change institutions in a multiple institutions setting. Design/methodology/approach – The authors conducted a qualitative case study to track an entrepreneur’s efforts to create a new financial instrument and get it accepted and traded on the New York Stock Exchange. Findings – The authors introduce the concept of institutional judo, analogous to the martial art where a fighter uses his opponent’s forces against him. While institutional theory has focussed on how institutional pressures force actors to conform, the term judo refers to an actor using institutional pressures to their advantage in changing those very institutions. Research limitations/implications – This qualitative research involves a single case study, but is most suited to revealing extensions of theory and subtle processes. Practical implications – The approach allowed the authors to provide a nuanced look at the actual change efforts by an entrepreneur to gain legitimacy. Social implications – This study provides a nuanced look at actual attempts to change institutions. Originality/value – Institutional judo offers a new change mechanism within institutional theory.

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Chelli, Mohamed, Sylvain Durocher, and Jacques Richard. "France's new economic regulations: insights from institutional legitimacy theory." Accounting, Auditing & Accountability Journal 27, no. 2 (February 7, 2014): 283–316. http://dx.doi.org/10.1108/aaaj-07-2013-1415.

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Lukasz, Satola, Wojewodzic Tomasz, and Sroka Wojciech. "Barriers to exit encountered by small farms in light of the theory of new institutional economics." Agricultural Economics (Zemědělská ekonomika) 64, No. 6 (June 15, 2018): 277–90. http://dx.doi.org/10.17221/233/2016-agricecon.

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For at least 25 years, processes involving structural changes have been growing more and more intense in the countries of Central and Eastern Europe, with these processes including a decline in the number of small farms. The main aim of this paper is to present the mechanisms involved in, as well as barriers to and costs preventing the exit of farms from agriculture, including those that make it difficult to transfer production resources which are being released to other companies. This research takes the form of an overview and is based on the output of new institutional economics, and on transaction cost and rent-seeking theories in particular. The most frequent difficulties encountered in the process of exit from farming include low profitability of production and the shortage of capital among potential buyers, while the lack of sellers’ financial resources and the necessity of incurring expenses related to preparing and finalising the sale of resources held by them (the actual transaction costs related to closing down farms) are frequently overlooked. The most important barriers preventing the complete liquidation of farms are the inherent transaction costs categorised as expenses, as well as the emotional costs and costs of alternatives, which are difficult to evaluate and estimate. The following notions are particularly helpful in explaining barriers to exit from farming: the concept of transaction costs and rent-seeking theory, which are both a part of the stream of thought of new institutional economics.

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EGGERTSSON, THRÁINN. "Knowledge and the theory of institutional change." Journal of Institutional Economics 5, no. 2 (August 2009): 137–50. http://dx.doi.org/10.1017/s1744137409001271.

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AbstractModern theory identifies several sources of economic growth, such as capital accumulation, new techniques, secure property rights and contracts, and absence of rent seeking. This paper introduces new social technologies as yet another source of growth and emphasizes our incomplete knowledge of social systems. I introduce a framework for analyzing institutional policy and use the case of modern biotechnology to explain how uncertainty about social technologies, persuasion, and competing beliefs influence the evolution of property rights.

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Chau, An Quoc. "Theory of institutions by the New Institutional Economics and institutional economic reforms in Vietnam." Science & Technology Development Journal - Economics - Law and Management 1, Q5 (November 27, 2018): 5–15. http://dx.doi.org/10.32508/stdjelm.v1iq5.485.

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Economic institutions play an indispensable role in creating an impetus for economic development. Although the concepts of institutions and economic institutions are not new in Vietnam, their connotation and nature remain controversial. This paper aims to clarity the connotation and the nature of institutions and economic institutions, thereby reflecting their roles in economic development. On the basis of the theoretical background, the study evaluates the qu lity of Vietn m’s e onomi institutions n offers suggestions so as to increase their quality.

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Raza, Ali, Saadat Saeed, Shumaila Yousafzai, Muhammad Umer Shahid, and Moreno Muffatto. "Institutional adversity, external knowledge sources, and new ventures' innovation: An institutional polycentrism theory perspective." Industrial Marketing Management 90 (October 2020): 633–47. http://dx.doi.org/10.1016/j.indmarman.2020.03.018.

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Szkudlarek, Piotr. "Telecommunications services market in the light of the Agency Theory and the Transaction Cost Theory under New Institutional Economics: case for Poland." JOURNAL OF INTERNATIONAL STUDIES 7, no. 3 (November 20, 2014): 70–80. http://dx.doi.org/10.14254/2071-8330.2014/7-3/6.

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Aksom, Herman, Oksana Zhylinska, and Tetiana Gaidai. "Can institutional theory be refuted, replaced or modified?" International Journal of Organizational Analysis 28, no. 1 (January 13, 2020): 135–59. http://dx.doi.org/10.1108/ijoa-02-2019-1666.

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Purpose This paper aims to demonstrating that the former new institutional theory of isomorphism and decoupling cannot be extended, modified or refuted as it is a closed theory. By analyzing the structure of this former version of institutional theory and its numerous modern competitors (institutional entrepreneurship, institutional work and institutional logics theories) it is argued that these alternative theories demonstrate even less explanatory and predictive power and do not refute or extend their predecessor. The rise of new organizational theories can have no other effect on classic institutional theory than to limit the domain of its applicability. In turn, there are a number of principles and conditions that future theories should meet to be accepted as progressive advancements. Design/methodology/approach The paper provides a review of relevant organizational and philosophical literature on theory construction and scientific progress in organizational research and offers a set of principles and demands for those new theories that seek to challenge new institutionalism. Findings The authors show that the former institutional theory satisfies two main criteria that any scientific theory should conform with following it is useful and falsifiable in term of giving explanations and predictions while, at the same time, clearly specifying what can be observed and what cannot; what can happen and what is not likely to occur. Modern institutional theories cannot demonstrate this quality and they do not satisfy these criteria. Moreover, institutional isomorphism theory is a closed theory, which means it cannot be intervened with changes and modifications and all future theories should develop their theoretical propositions for other domains of applications while they should account for all empirical phenomena that institutional theory successfully explains. Originality/value Adopting instrumental view on organizational theories allowed reconstructing the logic and trajectory of organizational research evolution and defends its rationality and progressive nature. It is also outlined how existing dominant theory should be treated and how new theories should challenge its limitations and blind spots and which philosophical and methodological criteria should be met.

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Tkach, A. А. "New institutional theory economic in the analysis of criminal law." Scientific Herald of Sivershchyna. Series: Law 2, no. 2 (December 17, 2017): 83–94. http://dx.doi.org/10.32755/sjlaw.2017.02.083.

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Zhuk, Valeriy. "Institutional theory of accounting: new opportunities and scales of profession." Zarządzanie Finansami i Rachunkowość 5, no. 1 (January 30, 2017): 53–76. http://dx.doi.org/10.22630/zfir.2017.5.1.05.

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W artykule przeprowadzono ocenę procesów zmian we współczesnych teoriach rachunkowości analizując pracę badaczy w krajach rozwiniętych. Omówiono ponadto nową instytucjonalną teorię rachunkowości. Ocenie poddano przekształcenia działań księgowych w ramach funkcjonalnego zarządzania podsystemami w instytucjach społecznych i w przestrzeni gospodarczej. W artykule opisano składniki i procesy, które charakteryzują system rachunkowości przy uwzględnieniu wpływu państwa. Zaproponowano mechanizmy zarządzania procesami rachunkowości instytucji. Przedstawiono koncepcje klasyfikacji, hierarchii i współdziałania instytucji rachunkowości, inżynierii rachunkowości, imperializmu i teorii rachunkowości zarządczej.

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Cardinale, Ivano. "Beyond Constraining and Enabling: Toward New Microfoundations for Institutional Theory." Academy of Management Review 43, no. 1 (January 2018): 132–55. http://dx.doi.org/10.5465/amr.2015.0020.

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Janssen, Brandi, and Matthew W. Nonnenmann. "New Institutional Theory and a Culture of Safety in Agriculture." Journal of Agromedicine 22, no. 1 (October 18, 2016): 47–55. http://dx.doi.org/10.1080/1059924x.2016.1249444.

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Furubotn, Eirik G. "The new institutional economics and the theory of the firm." Journal of Economic Behavior & Organization 45, no. 2 (June 2001): 133–53. http://dx.doi.org/10.1016/s0167-2681(00)00171-2.

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Leaptrott, John. "An Institutional Theory View of the Family Business." Family Business Review 18, no. 3 (September 2005): 215–28. http://dx.doi.org/10.1111/j.1741-6248.2005.00043.x.

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This article discusses the organizational forces common to the family business from the perspective of institutional theory. Both “old” and “new” institutionalism add useful perspectives for the analysis of family businesses. “Old” institutionalism encourages the study of structural change as a result of environmental pressures. “New” institutionalism focuses on the symbolic nature of organizations. Propositions regarding elements of these theories of institutional theory in a family business context are offered. Parallels between institutional theory and family systems theory are discussed.

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Auschra, Carolin, Thomas Schmidt, and Joerg Sydow. "Entrepreneurial ecosystems as fields: Integrating meso-level institutional theory." Zeitschrift für Wirtschaftsgeographie 63, no. 2-4 (November 1, 2019): 64–78. http://dx.doi.org/10.1515/zfw-2018-0016.

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Abstract Contemporary works on entrepreneurial ecosystems (EEs) suffer from a lack of theorization. We address this problem by conceptualizing EEs as institutional fields, which is an analytical construct that is already well-elaborated on in neo-institutional theory. This theory provides a processual lens that is sensitive to the role of both institutions and agency in field structuration. Additionally, understanding EEs as fields can help to capture dynamics within EEs as well as their relationships with other fields. Following this approach, entrepreneurial issue fields mainly focus on debates around entrepreneurship and new venture creation, whereas entrepreneurial exchange fields focus on products and services produced by and offering support for a set of mainly industry-specific new ventures. In addition, we discuss mechanisms for transformations between both types of fields.

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Frolov, Daniil. "Blockchain and institutional complexity: an extended institutional approach." Journal of Institutional Economics 17, no. 1 (June 16, 2020): 21–36. http://dx.doi.org/10.1017/s1744137420000272.

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AbstractFrom a modern institutional economics viewpoint, blockchain is an institutional technology that minimizes transaction costs and greatly reduces intermediation. Through an analysis of blockchain, I demonstrate the possibilities of extended institutional approach – a new generation of complexity-focused methodologies and theories of institutional analysis that complement and expand the standard institutional paradigm. By using the theory of transaction value, I argue blockchain technologies not only will lead to a significant reduction in transaction costs but will also reorient intermediaries toward improving the quality of transactions and expanding the offer of additional transaction services. The theory of institutional assemblages indicates it is impossible to form a homogeneous system of blockchain-based institutions associated exclusively with the principles of decentralization, transparency, and openness. Blockchain-based institutions will be of a hybrid and conflicting nature, combining elements of opposing institutional logics – regulatory and algorithmic law, Ricardian and smart contracts, private and public systems, and uncontrollability and arbitration.

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Chen, Liang. "Reform of Compulsory Education Teachers’ Communication System from the Perspective of New Institutional Economics." International Journal for Innovation Education and Research 4, no. 7 (July 31, 2016): 176–83. http://dx.doi.org/10.31686/ijier.vol4.iss7.572.

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According to the four main theory of transaction cost theory, property rights theory, state theory and the theory of institutional change from the new institutional economics, this paper gives a theoretical analysis about our country’s compulsory education teacher exchange system and puts for ward the reform path of the system.

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Janićijević, Nebojša. "The Institutional Organizational Theory As A New Research Framework For Understanding Contemporary Organizations." Economic Themes 52, no. 3 (September 1, 2014): 242–62. http://dx.doi.org/10.1515/ethemes-2014-0016.

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Abstract This paper presents basic postulates of the institutional, organizational theory as a new research framework for understanding contemporary organizations structuring and functioning. More and more structures in modern societies are being institutionalized due to changes in technical, social, and political spheres. Organizations in institutionalized sectors do not prove their legitimacy by their rationality and effectiveness, but by implementation of the current institutional pattern. Institutional pattern has its regulatory, normative, and cultural-cognitive components, and it is imposed on organizations within a sector by means of coercive, normative, and mimetic mechanisms. The consequence of implementing of a uniform institutional pattern in the structuring and functioning of all organizations within a sector is organizational isomorphism. The described elements of the institutional, organizational theory are applied in the analysis of structuring and functioning of universities and faculties in the higher education sector in Europe and Serbia. It is shown how the Bologna Higher Education Model, as a typical institutional pattern, impacts structuring and functioning of all universities and faculties in the European higher education area, thereby implicating their organizational isomorphism.

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Avdasheva, S., and N. Dzagurova. "Vertical Restrictions: Development of Theory, Antitrust Legislation and Enforcement." Voprosy Ekonomiki, no. 5 (May 20, 2010): 110–22. http://dx.doi.org/10.32609/0042-8736-2010-5-110-122.

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The article examines the interpretation of vertical restraints in Chicago, post-Chicago and New Institutional Economics approaches, as well as the reflection of these approaches in the application of antitrust laws. The main difference between neoclassical and new institutional analysis of vertical restraints is that the former compares the results of their use with market organization outcomes, and assesses mainly horizontal effects, while the latter focuses on the analysis of vertical effects, comparing the results of vertical restraints application with hierarchical organization. Accordingly, the evaluation of vertical restraints impact on competition differs radically. The approach of the New Institutional Theory of the firm seems fruitful for Russian markets.

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Lopez, Ian F. Haney. "Institutional Racism: Judicial Conduct and a New Theory of Racial Discrimination." Yale Law Journal 109, no. 8 (June 2000): 1717. http://dx.doi.org/10.2307/797509.

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Raines, J. Patrick, and Alfred S. Eichner. "Toward a New Economics: Essays in Post-Keynesian and Institutional Theory." Southern Economic Journal 54, no. 1 (July 1987): 255. http://dx.doi.org/10.2307/1058840.

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Brammer, S., G. Jackson, and D. Matten. "Corporate Social Responsibility and institutional theory: new perspectives on private governance." Socio-Economic Review 10, no. 1 (December 15, 2011): 3–28. http://dx.doi.org/10.1093/ser/mwr030.

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Bardhan, Pranab. "The new institutional economics and development theory: A brief critical assessment." World Development 17, no. 9 (September 1989): 1389–95. http://dx.doi.org/10.1016/0305-750x(89)90080-6.

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FitzGerald, E. V. K. "The new institutional economics and development: Theory and applications to Tunisia." European Journal of Political Economy 8, no. 2 (May 1992): 347–48. http://dx.doi.org/10.1016/0176-2680(92)90035-f.

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Dequech, David. "The new institutional economics and the theory of behaviour under uncertainty." Journal of Economic Behavior & Organization 59, no. 1 (January 2006): 109–31. http://dx.doi.org/10.1016/j.jebo.2004.03.012.

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MANTSUROV, Igor, Yana KHRAPUNOVA, and Valeriy OMELCHENKO. "INSTITUTIONAL ANALYSIS, PLANNING AND CONTROL IN THE SYSTEM OF THE GOVERNMENTAL MANAGEMENT." Economy of Ukraine 2021, no. 7 (August 1, 2021): 54–74. http://dx.doi.org/10.15407/economyukr.2021.07.054.

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The aim of this article is to develop a conceptual model of the institutional analysis, planning and control comprehensive system, which, according to the authors’ point of view, has to be integrated organically into the overall system of the governmental management. The article starts with the analysis of the of the “new institutional economics” methodology’s contributions to theoretical research in the area of applied economics, with particular emphasis to developing countries, particularly to Ukraine. Then authors continue by providing an overview of the new institutional economics theory and methodology as well as their several branches. Particularly, it is described the authors’ point of view in regard to the fundamental definitions of the institutional theory. One of the article’s purposes is to outline the basic features of the institutional planning theory and to justify its interpretation in the general planning theory framework. Carrying out this task, the authors describe the existing diversity of planning theories and the main achievements of the new institutional economics in the development and implementation of planning procedures. From authors’ point of view, institutional planning is the economic theory in which planning is described as the sequence of actions of organizations or/and people responsible for planning procedures and stakeholders in order to get the immediate and final planning results. The successful implementation of such model would help the planners and stakeholders to get the results that consist in the effectiveness of the national economy and its competitiveness.

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Ragland, Charles B., Lance Eliot Brouthers, and Scott M. Widmier. "Institutional theory and international market selection for direct selling." Marketing Intelligence & Planning 33, no. 4 (June 1, 2015): 538–55. http://dx.doi.org/10.1108/mip-02-2014-0033.

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Purpose – The purpose of this paper is to use a theoretical framework (institutional theory) to predict international market selection (IMS) for the direct selling industry. Design/methodology/approach – The authors use independent variables taken from institutional theory to predict IMS for the direct selling industry, allowing the authors to show the relationship between institutional theory – defined independent variables and the relative attractiveness of international markets. The model is applied to a broad sample of 51 developed and emerging nations that comprise 91 percent of worldwide GDP. Findings – The authors found that the hypotheses were confirmed. Institutional theory – defined independent variables did a good job of predicting the relative attractiveness of international markets. Research limitations/implications – The authors used cross sectional country level data to validate their model. One major implication: institutional theory appears to do an excellent job of predicting IMS in contrast to geographic proximity or cultural similarity for the direct selling industry. Practical implications – Managers should consider formal and informal aspects of the institutional environment, when selecting new international markets. Originality/Value – In contrast to most IMS papers, the authors apply a theory to predict IMS outcomes, helping to provide greater potential generalizability. The authors show that selected dimensions of institutional theory do a good job of predicting IMS for the direct selling industry. Future efforts may wish to apply institutional theory to new IMS contexts. The authors conclude with managerial implications.

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Rudakova, Iskra. "The Economic Theory before New Calls: Methodological Aspect." Moscow University Economics Bulletin 2014, no. 4 (August 31, 2014): 71–81. http://dx.doi.org/10.38050/01300105201445.

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The paper looks same results of last years inter-branch science investigations and follow inevitable inclusion the results in context of economic theory. New parts of inter-branch sciences (behavioral, evolutional, institutional and other economics) doubts of evidence of traditional economic theory main postulates, and offer alternative conceptions for explanation economic phenomena. This is a challenge to economists who maintains of stable fundamentals.

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Choi, Woo-young. "A Theoretical Comparison of the General Theory of Capitalism: Class Struggle Theory, Market Theory, New Institutional Theory and Marx." Journal of Social Thoughts and Culture 22, no. 01 (March 30, 2019): 27–59. http://dx.doi.org/10.17207/jstc.2019.03.22.1.1.

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Chinn, Stuart. "Institutional Recalibration and Judicial Delimitation." Law & Social Inquiry 37, no. 03 (2012): 535–64. http://dx.doi.org/10.1111/j.1747-4469.2011.01272.x.

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Throughout American history, a peculiar and recurrent disjunction has often arisen between the substance of transformative reforms and the decidedly less-radical governing arrangements that arise in the aftermath of reform. To account for this disjunction, this article puts forth a theory of postreform “recalibration.” Political processes of recalibration are the means by which vague, indeterminate principles of reform are given operational meaning and translated into new governing arrangements. This article illuminates recalibration processes by examining two case-studies: African American rights in the post-Reconstruction era of the 1870s and 1880s, and labor rights in the post–New Deal era of the late 1930s. Finally, the article also highlights the crucial role of the Supreme Court in recalibration processes and sets forth a theory of judicial behavior as driven by an institutional interest in stability.

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EGGERTSSON, THRÁINN. "State reforms and the theory of institutional policy." Brazilian Journal of Political Economy 19, no. 2 (April 1999): 291–306. http://dx.doi.org/10.1590/0101-31571999-1072.

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ABSTRACT A theory of institutional reforms must recognize what policy instruments are available, how politics restrains the choice sets of reformers, and whether spontaneous counter-policy by ordinary actors is likely to undermine reforms. A discussion of the so-called Determinacy Paradox concludes that it is not a practical issue. Insights suggested by the new institutionalism include measures to reduce political risks, increase the durability of reforms, and reduce transaction. The main weakness of NIE as a guide to policy is its limited understanding of the role of norms in undermining reforms and of long-term internal dynamics of social systems.

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Dubovická, L., and T. Varcholová. "Institutional factors of economic growth." Fundamental and applied researches in practice of leading scientific schools 37, no. 1 (February 28, 2020): 42–47. http://dx.doi.org/10.33531/farplss.2020.1.6.

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The institutional theories of economic thinking, especially the modern economic theory - a new institutional economy - deserve attention in connection with the elaboration of the issue of the influence of the institutional structure and the quality of the institutional environment on the prosperity of companies and states. Its origins are related to article of R.Coase, "The Nature of the Firm", published in 1937, explaining the essence and importance of transaction costs for the operation of companies, and pointing to the need for their introduction into economic analysis. However, by the mid-1970s, it remained on the periphery of economic science, coming to the forefront in the recent decades. The title of this direction - a new institutional economy - was introduced into the scientific terminology by O.Williamson (Couse, 1998). Initial development of new institutional theory is almost exclusively centered in the United States, in the 1980s Western Europe was involved in this process, followed by Central European and East European economists in the early nineties. Recognition of the merits of the new direction was expressed by the award of the Nobel Prize for Economics to two of the most prominent representatives - R. Coaseu (1991) and D.North (1993). In particular, A. Alchian, J. Bjukenen, G. Hodson, H.Demetz, K. Munar, M. Olson, R. Posner, E. Rosenbaum and others contributed to the development of the new institutional economy.

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Simon, Joshua. "The Americas’ More Perfect Unions: New Institutional Insights from Comparative Political Theory." Perspectives on Politics 12, no. 4 (December 2014): 808–28. http://dx.doi.org/10.1017/s153759271400214x.

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The disparities in per-capita wealth and national productivity that divide the United States and Latin America today have often been understood as results of institutional variations introduced during each region's period of imperial rule. According to this interpretation, path-dependent processes preserved institutions installed by Britain, Spain, and Portugal across the centuries, propagating their positive or negative economic effects, and eventually producing a marked “development gap” in the hemisphere. This article aims to improve this account by highlighting the direct and indirect economic effects of the success or failure of the political unions establishedafterindependence in both the United States and Latin America. It demonstrates that influential political theorists throughout the hemisphere understood the developmental advantages to be gained from unifying former colonies and employing the political authority newly at their disposal to abolish the stifling institutional legacies of European rule, suggesting that if Spanish America's unions had endured, or conversely, if the United States had collapsed, the two regions' economies might not have diverged as dramatically as they subsequently did. This illustrates an important contribution that the emerging subfield of “comparative political theory” can make to comparative political science in general, and to the new institutionalism in particular, by providing uniquely direct insight into the choices available to political actors in consequential moments of institutional genesis and change, and revealing the contingency of institutional variations that might otherwise appear inevitable.

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Fleckenstein, Timo. "Learning to Depart from a Policy Path: Institutional Change and the Reform of German Labour Market Policy." Government and Opposition 48, no. 1 (October 23, 2012): 55–79. http://dx.doi.org/10.1017/gov.2012.3.

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While new institutionalism with its path-dependence theory has proved to be an especially powerful device for explaining the stability and inertia of public policies, its focus on the stickiness of institutions has contributed to conceptual deficits in grasping and explaining actually occurring policy change which have attracted much criticism. With reference to the critical case of German labour market reforms, policy learning is identified as a key mechanism in the paradigmatic transformation of social policy. Pursuing the argument that learning does not happen in a vacuum and is institutionally embedded, policy learning is conceptually enriched with insights from new institutionalism to develop an institutional account of learning. Such an approach to policy learning and a stronger emphasis on ideas address the stability bias in new institutionalism and its path-dependence theory by accounting for knowledge-based institutional change.

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Móczár, József. "János Kornai, and neoclassical versus institutional economics." Acta Oeconomica 68, s1 (January 2018): 73–83. http://dx.doi.org/10.1556/032.2018.68.s.6.

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János Kornai rejected the relevance of Walrasian equilibrium and considered only disequilibrium states to be compatible with reality in his Anti-Equilibrium. His research was guided by the belief that reality and theory should form an integral unit. Neoclassical economists did not accept his anti-equilibrium theory, which motivated Kornai to relentlessly provide additional evidences. The article follows this exciting and noble struggle from a new perspective in the context of scientific theory.

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Journal articles on the topic 'New institutional theory'

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