Could a relevant and encompassing neo-institutional theoretical approach been unduly ignored by the business field? a case study
DOI:
https://doi.org/10.5007/2175-8077.2019v21n55p39Abstract
Many natural resources, and increasingly man-made ones, fall into a category to which Elinor Ostrom, the 1990 Nobel Prize-winning economist, referred to as common-pool resources (CPRs). They are resources of which there is a limited amount, and whose rational use from the collective point of view, in the absence of private owners and state intervention, is difficult to achieve. Ostrom proposes a theory and rules of action to avoid abusive use of these resources. Although widely used in environmental and ecology studies, the author's propositions are little used as a theoretical reference in studies on international business and management. This article shows, through a comparison of two cases, that the author's propositions explain very different outcomes in the trajectories of two clusters that have rapidly internationalized. It contributes to draw attention to the potential application of the author’s theory in research and practices being neglected.
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