Krug, B.; Hendrischke, H. - Erasmus Research Institute of Management (ERIM), ERIM … - 2008
side and that, once the dichotomy between formal and informal institutions is given up, there can be a transition from … institutional economics and organization theory. We point to under-researched areas such as the formation of firms and the interplay … between firms and local politics. Our findings support the dynamic capability approach which concentrates on activities rather …