A review of institutional theory and entrepreneurship

Abstract

Institutional theory is one of the major theories underpinning not only organization and management research, but also entrepreneurship studies. In this paper, we will review the existing literatures that employ institutional perspective to understand entrepreneurship and those applying entrepreneurial perspective to address the "paradox of embedded agency" which impedes the endogenous development of the institutional theory to understand the current status of the field and future research possibilities. © Springer-Verlag Berlin Heidelberg 2013.