Exploring the sociocultural determinants of de novo versus de alio entry in emerging industries

• Autores: Jeffrey G. York, Michael J. Lenox
• Localización: Strategic management journal, ISSN 0143-2095, Vol. 35, Nº 13, 2014, págs. 1930-1951
• Idioma: inglés
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• Resumen

  • 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