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From Niche Practices to Protoinstitutions: The Evolution of Emergent Practices
ISBN
https://doi.org/10.5840/iabsproc20172830
Type
book section
Date Issued
2017
Author(s)
Editor(s)
Maas, K
VanSandt, CV
Abstract (De)
Neoinstitutional theory relatively neglects the process of new practices evolving into "protoinstitutions". These being important in understanding institutional change, the paper adopts a historical perspective to generate propositions by examining the genesis of a practice (socially responsible investment funds), with incongruent logics, in an increasingly mature organisational field (financial services) with dominant logics. Apart from identifying the inus conditions that determine the success or failure of new practices, it is illustrated that the process did not follow the existing generalisations on institutional change due to crucial factors, such as the nature of (and pressures exerted by) the incumbent institutions and logics, the nature of the new practice, and the presence (or absence) of certain events. Additionally, the demolition of existing logics and institutions is not easily achievable especially when a new practice differs from the incumbents on the basis of its driving logics.
Language
English
Keywords
institutional theory
practices
protoinstitutions
institutional change
responsible investment funds
organisational fields
financial services
institutional logics
legitimacy
practices
protoinstitutions
institutional change
responsible investment funds
organisational fields
financial services
institutional logics
legitimacy
HSG Classification
contribution to scientific community
Book title
Proceedings of the International Association for Business and Society
Volume
28
Subject(s)
Division(s)
Eprints ID
262094