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Institutional entrepreneurship: A Coasian perspective

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Abstract:

Economists have long argued that the prevailing institutional structures of the economic system produce a particular spectrum of entrepreneurial activity. However, these institutions themselves change over time, sometimes as the result of entrepreneurial behaviour. This paper investigates the idea of institutional entrepreneurship from a Coasian perspective. This perspective puts transaction-cost-reducing institutions at the centre of the analysis, and examines the role of institutional entrepreneurs in constructing and transforming these economically valuable artefacts. The paper presents a case study of an institutional entrepreneur and concludes that, from a Coasian perspective, institutional entrepreneurship is one type of entrepreneurial behaviour that seems worthy of further research.

Keywords: ECONOMIC INSTITUTIONS; STANDARDS; TRANSACTION COSTS

Document Type: Research Article

DOI: http://dx.doi.org/10.5367/000000006775870442

Publication date: February 1, 2006

More about this publication?
  • Published quarterly, this journal provides a worldwide forum for the exploration and dissemination of ideas and experience relating to the development and application of entrepreneurship. IJEI is interdisciplinary, publishing the highest-quality work in business and management and in the social sciences. Authors and readers are drawn from government, industry and universities. It has particular appeal to researchers and teachers in higher education, especially in business schools, and university departments of management, sociology and psychology.

    Each issue includes double-blind peer-reviewed papers; a case study with teaching notes, an 'Internet Review' section which identifies and reviews Websites on a selected topic, and book reviews. For key topics go to www.ippublishing.com.
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