ABSTRACT
For the past decade, institutional entrepreneurship has been lauded as being a fundamental area for study within institutional theory. In their compendium, Greenwood et al. (2008: 18) state that ‘institutional entrepreneurship [in the post-2000 period] emerged as a key term and became almost synonymous with institutional change’. In parallel within entrepreneurship, since the publication of Aldrich and Fiol (1994), institutional factors have been viewed as relevant for the founding and survival of new ventures. Shane and Venkataraman’s highly cited 2000 Academy of Management Review piece, while focusing more on the entrepreneur and agency, still explicitly recognized institutional factors, pointing to the importance of Baumol (1990) and Aldrich and Fiol (1994) for entrepreneurship research (also see Shane 2003).
