Exploring the sociocultural determinants of de novo versus de alio entry in emerging industries

The influence of institutional factors on firm entry has long interested strategy scholars. However, we have limited understanding of how the sociocultural environment, defined as the unwritten, decentralized "rules of the game," influences founding rates in emergent industries; we know ev...

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Veröffentlicht in:Strategic management journal 2014-12, Vol.35 (13), p.1930-1951
Hauptverfasser: York, Jeffrey G., Lenox, Michael J.
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container_issue 13
container_start_page 1930
container_title Strategic management journal
container_volume 35
creator York, Jeffrey G.
Lenox, Michael J.
description The influence of institutional factors on firm entry has long interested strategy scholars. However, we have limited understanding of how the sociocultural environment, defined as the unwritten, decentralized "rules of the game," influences founding rates in emergent industries; we know even less about how these noneconomic factors differentially influence entry by new entrepreneurial (de novo) firms versus diversifying incumbent (de alio) firms. Utilizing a unique dataset on entry in the green building supply industry, we find that, while economic and policy factors are highly correlated with de alio entry, the sociocultural environment exerts a greater influence on de novo firms. Our findings contribute to the literature on corporate demography, institutions and entrepreneur ship, and industry emergence.
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subjects Correlation analysis
de novo entry
Decentralization
Demography
Economic regulation
Entrepreneurs
Entrepreneurship
environmental entrepreneurship
Environmental regulation
Environmental sociology
Environmentalism
Game theory
green building
Green buildings
Industry
Influence
institutional environment
Institutions
LEED certification
Market entry
Normativity
Renewable energy
Social norms
sociocultural environment
Strategic management
Studies
Work environment
title Exploring the sociocultural determinants of de novo versus de alio entry in emerging industries
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