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Institutional analysis of strategic choice of micro, small, and medium enterprises : a conceptual framework

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  • Hernan G. Roxas

    (School of Marketing and International Business (SMIB), Victoria University of Wellington, New Zealand)

  • Val Lindsay

    (School of Marketing and International Business (SMIB), Victoria University of Wellington, New Zealand)

  • Nicholas Ashill

    (School of Marketing and International Business (SMIB), Victoria University of Wellington, New Zealand)

  • Antong Victorio

    (School of Government, Victoria University of Wellington, New Zealand)

Abstract

A conceptual framework is presented showing formal and informal institutions and their relationship with the strategic choice of micro, small and medium enterprises (MSMEs) in a developing-country setting. Emphasis is placed on how institutions at the subnational level (such as a region or city) influence the strategic orientations of MSMEs in the wake of decentralization, which grants subnational government authorities more political, economic, fiscal, and administrative powers. Furthermore, the paper sheds light on the environmental (institutional) determinism-organizational (strategic) choice nexus. It offers propositions, questions, and issues worth pursuing in future empirical investigations.

Suggested Citation

  • Hernan G. Roxas & Val Lindsay & Nicholas Ashill & Antong Victorio, 2007. "Institutional analysis of strategic choice of micro, small, and medium enterprises : a conceptual framework," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 44(1), pages 151-186, June.
    • Handle: RePEc:phs:prejrn:v:44:y:2007:i:1:p:151-186
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    More about this item

    Keywords

    MSMEs; strategic choice; institutional analysis; firm performance;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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