Institutional Inertia : Theory and Evidence

• Autore: Faghih Nezameddin
• Pubblicazione: Cham : , : Springer International Publishing AG, , 2024; ©2024
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (352 pages)
• Altri autori: SamadiAli Hussein
• Nota di contenuto: Intro -- Acknowledgments -- Contents -- Contributors -- An Introduction to Institutional Inertia-Theory and Evidence -- References -- Part I: Concepts, Types, Causes, and Effects -- Inertia: Resistance and Endurance -- 1 Introduction: State of Rest, Motion, and Inertia -- 2 Newton´s First Law (Law of Inertia) -- 3 Momentum and Newton´s Second Law -- 4 Angular Momentum and Moment of Inertia -- 5 The Origin of Inertia -- 6 Wide Applications of Inertia -- 7 Inertia as a Mental Model -- 8 Cognitive Inertia -- 9 Inertia in Society -- 10 Phylogenetic Inertia and Ecological Pressure in Institutional Evolution -- 11 Entropic Inertia in Institutional Evolution -- 12 The Result of the Balance Between Inertia and Overcoming it: The Evolution of Structural Preservation -- 13 Conclusion -- References -- An Introduction to Institutional Inertia: Concepts, Types and Causes -- 1 Introduction -- 2 The Concept of Inertia -- 3 Institutional Inertia -- 4 Types of Institutional Inertia -- 4.1 Inertia in Individuals -- 4.1.1 Cognitive Inertia -- 4.1.2 Psychological Inertia -- 4.1.3 Clinical Inertia -- 4.2 Inertia in Social and Political Structures -- 4.2.1 Social Inertia and Political Inertia -- 4.2.2 Organizational Inertia -- 4.3 Inertia in the Development of Knowledge, Concepts and Ideas -- 5 Sources of Institutional Inertia -- 5.1 Endogenous Preferences -- 5.2 Bounded Rationality -- 5.3 Uncertainty -- 5.4 Sunk Costs -- 5.5 Free-Riding Problem -- 5.6 Incomplete Information -- 5.7 Resource Scarcity -- 5.8 Informal Constraints -- 5.9 Power and Legitimacy -- 5.10 The Existence of Distributional Coalitions (Interest Groups and Their Bargaining Power) -- 5.11 Political Conflict -- 5.12 Strategic Linkages and Complementarities -- 5.13 Path Dependence -- 5.14 Mental Models -- 5.15 Interrelationship Between Social Mobility and Institutional Preferences. ; 5.16 Interrelationship Between Culture and Institutions -- 6 Consistency of Institutional Continuity and Institutional Change: Evidence -- 7 Conclusion -- References -- The Origin of Development, Critical Juncture, and Institutional Inertia -- 1 Introduction -- 2 Initial Recognition of the Cause of nation´s Rise and Fall -- 3 Main Coordinates of Nations´ Rise and Fall -- 3.1 The First Coordinate: X Is Unique -- 3.2 The Second Coordinates: X Emerged in History -- 3.3 The Third Coordinates: Doing Philosophy for Backwardness -- 4 Institutional Inertia and the Critical Juncture -- 5 Which Priority Is a Political or Economic Institution? -- 6 Is the Historical-Critical Juncture a Chance? -- 7 Conclusion -- References -- Inertia in Informal Institutions: Concepts and Effects -- 1 Introduction -- 2 The Causes of Inertia in Informal Institutions -- 2.1 The Role of Beliefs in the Inertia of Informal Institutions -- 2.2 The Role of Habits and Bounded Rationality in Shaping the Inertia of Informal Institutions -- 2.3 Free-Rider Problem -- 2.4 The Role of Institutional Complementarities, Organizations, and Parameters -- 3 Considerations Regarding the Speed of Institutional Changes -- 3.1 Ethnology of Cultural Changes -- 3.2 Studying the Viewpoints that Ignore The Inertia in Informal Institutions -- 4 Conclusion -- References -- Part II: Cognitive Inertia -- The Roots of Cognitive Inertia: An Introduction to Institutional Changes -- 1 Introduction -- 2 Cognitive Inertia -- 3 Inertia in Behavioral Economics -- 3.1 Decision-Making Process in Behavioral Economics -- 3.2 Cognitive Bias -- 3.3 Cognitive Biases Related to Cognitive Inertia and Its Causes -- 3.3.1 Status Quo Bias -- Loss Aversion Bias -- Regret Aversion Bias -- Why Do Individuals Prefer the Status Quo? -- 3.3.2 Confirmation Bias -- 3.3.3 Escalation of Commitment Bias or Sunk Cost Fallacy. ; 3.3.4 Belief Stability Bias and the Backfire Effect -- 3.3.5 Conservatism Bias -- 3.3.6 Self-Attribution Bias -- 4 Cognitive Inertia and Institutional Changes -- 4.1 The Role of Beliefs Alternation in Institutional Changes in North´s Intellect -- 5 Conclusion -- References -- Cognitive Inertia as a Fundamental Cause of Institutional Inertia -- 1 Introduction -- 2 Institutions, Institutional Changes, and Institutional Inertia: Concepts -- 3 Cognitive Inertia and Institutional Inertia -- 3.1 Institutions and Cognitive Factors -- 3.2 How Does Cognitive Inertia Result in Institutional Inertia? -- 4 Conclusion -- References -- Part III: Organizational Inertia -- Overview of Institutional-Organizational Inertia Nexus -- 1 Introduction -- 2 Overview of Institutional-Organizational Inertia -- 3 Organizational-Institutional Nexus -- 3.1 Inertia Dimension Confluence -- 3.1.1 Triple Forces Underlying Institutional - Organizational Inertia -- 3.2 Institutional-Organizational Age Dynamics -- 3.3 Organizational Size Dynamics -- 3.4 Organizational Complexity Dynamics -- 3.4.1 Dynamic Behavior Perspective in Inertia Based on Rumelt´s Sphere of Inertia -- 4 Myopia-hubris Perception -- 5 Level of Motivation -- 6 Rate of Reaction -- 7 Organizational Politics -- 8 Action-Inaction Dynamics -- 9 Board of Directors and Corporate Governance Framework -- 10 Regulatory Policies and Control -- 11 Communication-Information Nexus -- 12 Conclusion -- References -- Internal Empowerment Dynamics of Organizational Inertia Management -- 1 Introduction -- 2 Literature Review -- 3 Organizational Inertia (OI) -- 4 Determinants of OI -- 4.1 From the Perspective of Organizational Factors -- 4.2 From the Perspective of Interpersonal, Intrapersonal, and Managerial Factors -- 5 Groups Prone to Organizational Inertia -- 5.1 Dedicated and Committed Employees. ; 5.2 Employees with Negative Work-Life Balance -- 5.3 Individuals/Employees with Domineering Personality -- 5.4 New and Active Managers Are Also Exposed to This Risk -- 6 Dimensions and Components of Organizational Inertia -- 6.1 Knowledge Inertia -- 6.2 Vision Inertia -- 6.3 Action Inertia -- 6.4 Psychological Inertia -- 6.5 Structural Inertia -- 6.6 Strategic Inertia -- 7 Organizational Inertia Management -- 8 Empowerment -- 8.1 Employee Empowerment -- 8.2 Organizational Context Empowerment -- 8.3 Manager Empowerment -- 8.4 Relationship Empowerment (Employee Organization Relationship) -- 9 Discussion -- 10 Conclusion -- References -- Part IV: Trade, Energy and Environments -- Trade and Institutional Inertia -- 1 Introduction -- 2 Theory of Institutional Comparative Advantage -- 3 Impact of Institutional Inertia on Foreign Trade -- 4 Summary and Conclusion -- References -- The Transition to Sustainable Energy and Institutional Inertia -- 1 Introduction -- 2 Transition to Sustainable Energy -- 2.1 The Idea of Transition to Sustainable Energy -- 2.2 The Concept of Transition to Sustainable Energy -- 2.3 New Institutionalist Approaches to Analyzing Sustainable Energy Transition -- 2.3.1 The Socio-Technical Transitions Approach -- 2.3.2 A Co-evolutionary Approach to Transitions -- 2.3.3 The Social Conflict, and Predominance of Political Power Approach -- 2.3.4 Institutional Diversity of Capitalist Systems in the Transition to Sustainable Energy -- 2.4 Transition Conditions to Sustainable Energy -- 3 Analytical Framework of Governance for the Transition to Sustainable Energy -- 3.1 Energy Governance and Policy-Making Paradigm -- 3.2 Energy Governance, Performance and Consequences of Energy Transition -- 3.3 Energy Governance, Actors, and Mutual Relations -- 4 Institutional Inertia and Transition to Sustainable Energy. ; 4.1 Concept of Institutional Inertia -- 4.2 Institutional Changes, Institutional Inertia and Path Dependence in the Transition to Sustainable Energy -- 4.3 Path Dependence in the Transition to Sustainable Energy: Evidence -- 4.4 Experience of Some Countries in the Transition to Sustainable Energy -- 5 Conclusion -- References -- Legitimacy, Institutional Inertia, and Climate Change -- 1 Introduction -- 2 Legitimacy and Political Power: Concept and Importance -- 3 Sources of Institutional Inertia in Climate Change -- 4 Institutions and Environment -- 5 Empirical Relationship Between State Legitimacy and Environmental Performance -- 5.1 Statistical Analysis -- 5.1.1 Countries With the Highest Level of State Legitimacy -- 5.1.2 Countries With the Lowest Level of State Legitimacy -- 5.1.3 The Best and Worst Change in Environmental Performance in the Last 10 years -- 5.2 Empirical Relationship Between EPI and SLI -- 6 Conclusion -- References -- Part V: Innovation and Entrepreneurship -- Early Entrepreneurship Entry and Institutional Rigidities in Emerging Market Economies: Evidence from the Global Entrepreneurs... -- 1 Introduction -- 2 Literature Review and Hypotheses Development -- 2.1 Institutions -- 2.2 Institutional Inertia and Entrepreneurship -- 2.3 Emerging Market Economies -- 2.4 Hypotheses Development -- 3 Data -- 3.1 Dependent Variable -- 3.2 Independent Variables -- 3.3 Control Variables -- 3.4 Descriptive Statistics -- 4 Empirical Model and Estimation -- 4.1 Empirical Model -- 4.2 Estimation, Regression Diagnostics and Robustness Checks -- 5 Estimation Results and Discussion -- 6 Conclusion and Policy Implications -- References -- Inertia, Innovation Failures, and Learning from Innovation Failures: Some Insights from MSEs in an Emerging Market Economy -- 1 Introduction -- 2 Literature Review -- 2.1 Inertia and Innovation Failures in MSEs. ; 2.2 Learning from Failures and MSEs.
• ISBN: 3-031-51175-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910835058803321
• Lo trovi qui: Univ. Federico II
• Serie: Contributions to Economics Series