EXPLORING THE SOCIOCULTURAL DETERMINANTS OF DE NOVO VERSUS DE ALIO ENTRY IN EMERGING INDUSTRIES

• 成果类型: Review
• 署名作者: York, Jeffrey G.; Lenox, Michael J.
• 署名单位: University of Colorado System; University of Colorado Boulder; University of Virginia
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2187
• 发表日期: 2014
• 页码: 1930-1951
• 关键词: de novo entry; social norms; INSTITUTIONAL ENVIRONMENT; sociocultural environment; environmental entrepreneurship; green building

摘要

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 entrepreneurship, and industry emergence. Copyright (c) 2013 John Wiley & Sons, Ltd.