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Format: 1 Online-Ressource (XII, 352 Seiten).

ISBN: 978-3-031-51175-2

Series Statement: Contributions to economics

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-031-51174-5

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-031-51176-9

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-031-51177-6

Language: English

Subjects: Economics

DOI: 10.1007/978-3-031-51175-2

URL: Volltext  (URL des Erstveröffentlichers)

URL: Volltext  (URL des Erstveröffentlichers)

URL: Volltext  (URL des Erstveröffentlichers)

UID:

Format: 1 online resource (352 pages)

Edition: First edition.

ISBN: 3-031-51175-1

Series Statement: Contributions to Economics Series

Note: 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.

Additional Edition: Print version: Faghih, Nezameddin Institutional Inertia Cham : Springer International Publishing AG,c2024 ISBN 9783031511745

Language: English

UID:

Format: 1 online resource (352 pages)

Edition: 1st ed. 2024.

ISBN: 3-031-51175-1

Series Statement: Contributions to Economics,

Content: This edited volume explores the concept of institutional inertia and its relationship to economic growth and development. Including insights from experts across disciplines, chapters identify the types, causes and effects—both positive and negative—of institutional inertia. By questioning the types of institutional inertia that improve economic performance and impact the effectiveness of the state, as well as studying their role in the dynamics of institutional change, the volume attempts to trace and understand the different evolutionary paths of societies. Bridging important research gaps, this volume will be of use to students, researchers, and practitioners of institutional and evolutionary economics, development economics, management, and organizational theory.

Note: I. Concepts, Types, Causes, and Effects -- Inertia: resistance and endurance -- An Introduction to Institutional Inertia: Concept, Types and Causes -- The Origin of Development, Critical Juncture, and Institutional Inertia -- Context, Institutional Inertia and Development -- Inertia in Informal Institutions: Concepts, and Effects -- II. Cognitive Inertia -- The Roots of Cognitive Inertia: An Introduction to Institutional Changes -- Cognitive Inertia as a Fundamental Cause of Institutional Inertia -- III. Organizational Inertia -- Overview of Institutional–Organization Inertia Nexus -- Internal Empowerment Dynamics of Organizational Inertia Management -- IV. Trade, Energy and Environments -- Trade and Institutional Inertia -- The Transition to Sustainable -- Energy and Institutional Inertia -- Legitimacy, Institutional Inertia, and Climate Change -- V. Innovation and Entrepreneurship -- Early Entrepreneurship Entry and Institutional Rigidities in Emerging Market Economies: Evidence from the Global Entrepreneurship Monitor -- Inertia, Innovation Failures, And Learning from Innovation Failures: Some Insights from MSEs in an Emerging Market Economy .

Additional Edition: Print version: Faghih, Nezameddin Institutional Inertia Cham : Springer International Publishing AG,c2024 ISBN 9783031511745

Language: English

DOI: 10.1007/978-3-031-51175-2

UID:

Format: XII, 352 p. 30 illus., 12 illus. in color. , online resource.

Edition: 1st ed. 2024.

ISBN: 9783031511752

Series Statement: Contributions to Economics,

Content: This edited volume explores the concept of institutional inertia and its relationship to economic growth and development. Including insights from experts across disciplines, chapters identify the types, causes and effects-both positive and negative-of institutional inertia. By questioning the types of institutional inertia that improve economic performance and impact the effectiveness of the state, as well as studying their role in the dynamics of institutional change, the volume attempts to trace and understand the different evolutionary paths of societies. Bridging important research gaps, this volume will be of use to students, researchers, and practitioners of institutional and evolutionary economics, development economics, management, and organizational theory.

Note: I. Concepts, Types, Causes, and Effects -- Inertia: resistance and endurance -- An Introduction to Institutional Inertia: Concept, Types and Causes -- The Origin of Development, Critical Juncture, and Institutional Inertia -- Context, Institutional Inertia and Development -- Inertia in Informal Institutions: Concepts, and Effects -- II. Cognitive Inertia -- The Roots of Cognitive Inertia: An Introduction to Institutional Changes -- Cognitive Inertia as a Fundamental Cause of Institutional Inertia -- III. Organizational Inertia -- Overview of Institutional-Organization Inertia Nexus -- Internal Empowerment Dynamics of Organizational Inertia Management -- IV. Trade, Energy and Environments -- Trade and Institutional Inertia -- The Transition to Sustainable -- Energy and Institutional Inertia -- Legitimacy, Institutional Inertia, and Climate Change -- V. Innovation and Entrepreneurship -- Early Entrepreneurship Entry and Institutional Rigidities in Emerging Market Economies: Evidence from the Global Entrepreneurship Monitor -- Inertia, Innovation Failures, And Learning from Innovation Failures: Some Insights from MSEs in an Emerging Market Economy .

In: Springer Nature eBook

Additional Edition: Printed edition: ISBN 9783031511745

Additional Edition: Printed edition: ISBN 9783031511769

Additional Edition: Printed edition: ISBN 9783031511776

Language: English

DOI: 10.1007/978-3-031-51175-2

URL: https://doi.org/10.1007/978-3-031-51175-2