We distinguish between two forms of local banks that build and maintain legitimacy in different ways: branches and unit banks. Branches gain legitimacy through the parent organization. Unit banks gain legitimacy through the personal reputation and social connections of the founders. Given the...

This article seeks to articulate the concept of the transformational organization, an organization with the capacity to transform its institutional environment with discontinuous changes in normative patterns or institutional rules. The possibility of an organization successfully departing from...