New firm survival: Institutional explanations for new franchisor mortality

• 成果类型: Article
• 署名作者: Shane, S; Foo, MD
• 署名单位: Massachusetts Institute of Technology (MIT); National University of Singapore
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.45.2.142
• 发表日期: 1999
• 页码: 142-159
• 关键词: franchising; firm survival; INSTITUTIONAL THEORY

摘要

Why do some new firms succeed and others fail? Economists argue that the new firms fail because entrepreneurs inefficiently manage production and organizational design (Williamson 1985). Sociologists (e.g., Granovetter 1985) have typically viewed this explanation as undersocialized, and argue that institutional legitimacy must also be considered to explain the survival of new firms. This paper examines the survival of 1292 new franchisors established in the United States from 1979-1996. The results show that institutional legitimacy adds to economic explanations for the survival of new franchisors and suggests the importance of a properly socialized explanation.