Search results for "Microfoundations"
showing 6 items of 6 documents
EMU and trade: A PPML re‐assessment with intra‐national trade flows
2020
This paper examines the EMU effect on trade for the eleven early joiners and Greece relying for the first time on data that include both international and intra‐national trade flows, in line with all the microfoundations of the structural gravity model of trade. We find that the overall EMU impact on trade is positive between its members and, specially, for trade between members and non‐members. Interestingly, we further show that the effect of the EMU on bilateral trade remarkably differs across countries. For Ireland, Belgium–Luxembourg, Spain, Portugal and Austria, we find robust evidence that EMU has boosted trade both with other members and with third countries, while for Finland, Fran…
How Companies Develop a Culture for Digital Innovation: A Multiple-Case Study
2021
Companies are constantly facing new challenges through digital technologies, as they can cause rapid changes in their business environment. Digital innovations can offer the opportunity to gain competitive advantages, but in practice, companies often struggle to create the conditions for this. Developing a culture for digital innovation is an important capability that companies need to build. It includes appropriate organizational structures, working methods, skills, and new ways of thinking in the innovation process. This has been explored in previous research at a high level of abstraction. Our paper complements past findings with a detailed study of what activities companies are doing in…
Understanding the Microfoundations of Entrepreneurial Ecosystems: Toward a Value-Based Method and Theory
2023
Despite the progress made by scholars, empirically investigating entrepreneurial ecosystems (EEs) remains problematic because of the inherent complexities and nonlinearities of interactions among EE actors. The research to date has shown a tendency to focus on macrolevel ecosystem dynamics while neglecting the microfoundations of EEs. We contend that this negligence is due to a lack of appropriate methodologies that can capture EE microfoundations through a systemic value-based perspective. To fill this gap, in this article, we propose a novel methodological approach, the value system method, which enables framing EEs through critical causal interdependences between key actors’ business mod…
A Quick Approach to the Microfoundations of Social Entrepreneurship
2021
The very first section of the book deals with the phenomenon of social entrepreneurship from a microeconomics perspective. In this line, the individual represents the unit of analysis, that is, the social entrepreneur. Social entrepreneurs are agents who intend to make a positive change in society in such a way that their solution presents a tool to improve the quality of life of the segment of the population they want to target. In these first pages, our intention has been to explain what is inside the mind of the social entrepreneur in the process of developing the idea and putting it into practice. We assumed that entrepreneurs are individuals forming part of a particular society and con…
Bold ambition, blunted agency? : Examining top management perspectives on a circular economy transition in Finland
2022
The circular economy is proposed as a company-driven means to further sustainability transitions. Top managers have a critical role in fostering the circular economy as they are responsible for shaping and implementing a company's sustainability strategy and performance. In this paper, we adopt a microfoundations perspective to enhance our understanding of the influence of top managers as agents of the sustainability transition to the circular economy. In a qualitative research study, we interviewed 34 top managers of Finnish companies that are actively pursuing the circular economy. The main implication of our study is in exploring the role of top managers, as they engage in actively struc…
Accounting, microfoundations, hybridization and longitudinal conflict in a Finnish health care organization
2021
PurposeThis article analyzes the cognitive microfoundations, conflicting institutional logics and professional hybridization in a case characterized by conflict.Design/methodology/approachIn contrast to the majority of earlier studies focusing on special health care, the study was conducted in a Finnish basic health care organization. The empirical data include 36 interviews, accounting reports, budgets, newspaper articles and meeting notes collected 2013–2018.FindingsThe use of accounting techniques in this case did not offer professionals sufficient support under conditions of conflict. The authors suggest that this perceived lack of support intensified the negative emotions toward accoun…