Institutional Determinants of Firm Behaviour: Influence on Firm-Level Productivity Changes
| The neoclassical assumptions of instrumental rationality and complete information, when relaxed along the lines of new institutional economics provide considerable insights into economic theory beyond the paradigm of Walrasian optimization. In a world of positive transaction costs, North (1992) avers that institutions matter and "a set of political and economic institutions that provide low-cost transacting makes possible the efficient factor and product markets underlying economic growth". Theoretical analysis of the relations governing institutions and its influence on a firm, its internal structure and processes is in early stages of development and scholars in the field emphasize on extensive and detailed empirical studies at this stage to guide theory development. |
Project Team
Deepak K Sinha, S Chandrashekar and Deepak Malghan
Sponsor
IIM Bangalore
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Project Status
Ongoing (Initiated in 2013)
Funded Projects Functional Area
Strategy
Institutional Determinants of Firm Behaviour: Influence on Firm-Level Productivity Changes
| Project Team: | Deepak K Sinha, S Chandrashekar and Deepak Malghan | |
| Sponsor: | IIM Bangalore | |
| Project Status: | Ongoing (Initiated in 2013) | |
| Area: | Strategy | |
| Abstract: |
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