How open system intermediaries address institutional failures: The case of business incubators in emerging-market countries


Journal Article

© 2016 Academy of Management Journal. In emerging-market countries, commercial institutions do not always develop sufficiently quickly or effectively to support ambitious entrepreneurs. How might intermediaries remedy these problems? We address this question by drawing on institutional literatures to develop the concept of "open system intermediaries." Our research design involves examining business incubators in emerging markets as a form of open system intermediary. Empirically, we examine the relative emphasis that business incubators in emerging-market countries place on developing markets versus developing specific businesses. The study further examines how private, government, academic, and nongovernmental organization sponsorship of incubators influences the mix of services that incubators provide. In sum, this work contributes to our understanding of how, why, and when intermediaries emerge to address institutional failures.

Full Text

Duke Authors

Cited Authors

  • Dutt, N; Hawn, O; Vidal, E; Chatterji, A; McGAHAN, A; Mitchell, W

Published Date

  • June 1, 2016

Published In

Volume / Issue

  • 59 / 3

Start / End Page

  • 818 - 840

International Standard Serial Number (ISSN)

  • 0001-4273

Digital Object Identifier (DOI)

  • 10.5465/amj.2012.0463

Citation Source

  • Scopus