Publication: Risk-taking and the three institutional pillars
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Date
2021-05-03
Authors
Advisor
Court
Elvira Rojo, Marta María (PRESIDENTE);
Lejarraga, José (SECRETARIO);
Martin, Geoff (VOCAL);
Giarratana, Marco (VOCAL);
Gomez Mejia, Luis R. (VOCAL)
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Volume Title
Publisher
IE University
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Abstract
This dissertation systematically looks at the interaction of risk-taking market actors with the three institutional pillars – regulative, normative, and socio-cognitive (Scott, 2013). Since institutions can define both market and non-market outcomes, each chapter of the thesis asks a question related to an institutional pillar. The first chapter asks how investors interpret and react to entrepreneurial orientation rhetoric in strictly regulated contexts. The second chapter asks, can business leaders act opportunistically at the cost of other stakeholders in their response to regulations? The final chapter asks, how can creative entrepreneurs balance the paradox of conforming to institutional pressures and offering novelty? The thesis contributes to management literature in several ways. First, it explains how investors perceive entrepreneurial orientation (EO) rhetoric in a highly regulated environment. Second, it provides evidence of CEOs exploiting the attention of markets to act opportunistically against stakeholders to preserve their personal wealth. Finally, it attempts to unravel the paradox of novelty and conformity for creative entrepreneurs driven by Schumpeterian rents.
Unesco subjects
Estudio de Mercado
Regulación Gubernamental del Sector Privado
Investigación Operativa
Procesos Cognitivos
Regulación Gubernamental del Sector Privado
Investigación Operativa
Procesos Cognitivos
License
Attribution 4.0 International
School
IE Business School
Center
Keywords
Citation
Malik, S. (2021). La asunción de riesgos y los tres pilares institucionales (Doctoral dissertation, Universidad Internacional SEK).