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Shades of grey: how do informal firms navigate between macro and meso institutional environments?

De Castro, Julio O., Khavul, Susanna and Bruton, Garry D. (2014) Shades of grey: how do informal firms navigate between macro and meso institutional environments? Strategic Entrepreneurship Journal, 8 (1). pp. 75-94. ISSN 1932-4391

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Identification Number: 10.1002/sej.1172

Abstract

Our qualitative research shows that when making decisions about informality, entrepreneurs in emerging economies purposefully navigate between the enabling and constraining rules of the macro institutional environment and the norms of the meso institutional environment. We show that: (1) informality is a multidimensional continuum along which path to formalization unfolds; (2) as entrepreneurs grow more successful they become simultaneously more attuned to the countervailing constraints of both the macro and meso institutional environments; and (3) informal firms and formal firms weave together an exchange system that legitimizes the persistence of informality. In the context of informality, meso institutions serve as the connective tissue which cross-link levels of the environment and shape the context in which entrepreneurs make decisions.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1002/%28...
Additional Information: © 2014 Strategic Management Society
Divisions: Management
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Departments > Management
Date Deposited: 30 Apr 2014 15:12
Last Modified: 20 Jul 2019 01:52
Projects: ECO2012-30932
Funders: Spanish Ministry of Economy and Competitiveness
URI: http://eprints.lse.ac.uk/id/eprint/56607

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