With the goal of achieving carbon neutrality, the green transformation of manufacturing firms has become a major trend, and exploring its influencing factors is of great practical significance. This study examines whether the carbon emissions trading policy can promote firms’ green transformation by analyzing its characteristics through both institutional pressures and incentives. Using a fixed-effects panel data model and data from Chinese A-share listed manufacturing firms during 2010 and 2020, the basic empirical results confirm their positive relationship. We further examine the moderating roles of both external institutional environments and internal resources. The results suggest that, as external moderators, regions with high public environmental attention and government subsidies can amplify the positive impact. Internally, for firms with executives who have environmental experience, the carbon emissions trading policy has a greater impact on their green transformation, while higher resource slack plays the opposite role. Additional analyses suggest that, in the short term, this policy may hinder the green transformation of firms in adjacent regions and potentially lead to economic losses for the pilot firms.

The Qualifying Law Degree (QLD) resulted in law degrees tending to be similar in design, with compulsory foundation modules at their core. The Solicitors Qualifying Examination (SQE) represents a significant change to solicitor qualification and potentially frees universities from the constraints of the foundations. There was also speculation that some universities would feel pressure to align undergraduate curricula to the SQE. This paper makes a contribution to knowledge by undertaking the first content analysis of LLB webpages since the SQE’s implementation. The data reveals that: (1) law schools still overwhelmingly require mandatory study of all the foundations; (2) there has been an incremental shift towards vocationalism; (3) a small minority of webpages may be overstating the extent that their LLB prepares students for the SQE; and (4) a significant proportion of webpages contain factually inaccurate or confusing information about programmes or routes to qualification. It confirms an inherent irony: the deregulation of undergraduate solicitor education in England and Wales had led to more vocational alignment than experienced under the previous system but has not resulted in a significant shift away from the foundations. We present a novel explanation as to why this is the case, based on institutional theory and organisational strategic theory.

This study examines how university curriculum reforms that increase course selection flexibility influence entrepreneurial outcomes. Departing from traditional emphasis on educational attainment, we explore how institutional changes in education shape entrepreneurial tendencies among alumni. Leveraging a reform that removed constraints on course selection at a major university, we find that increased educational choice significantly fosters entrepreneurship. Our analysis reveals partial support for the moderating effects of individual, family, and spatial factors: the positive impact of these reforms is contingent on the type of electives and courses taken, with stronger effects observed among alumni with entrepreneurial parents, those born in urban areas, and those from higher socioeconomic backgrounds. These groups leverage specific course patterns to align their educational choices with entrepreneurial aspirations, enhancing their likelihood of pursuing entrepreneurial ventures. However, these findings also underscore the potential for educational reforms to exacerbate inequalities, disproportionately benefiting those with preexisting advantages. By integrating insights on institutional changes, course-taking patterns, and individual moderators, this study advances understanding of the interplay between education and entrepreneurship, offering implications for designing more equitable educational policies.

The institutional logics perspective provides a powerful theoretical lens that emphasizes how meanings and practices are intertwined in relatively enduring configurations that can profoundly shape organizational behavior across space and time. In this article, we propose the need for a broader research agenda on the dynamics of institutional logics in the Chinese context, particularly in three aspects. We begin by elaborating on the distinct configuration of logics in China, where state logic is more dominant and often directs other logics, thus shaping organizational behavior differently than its Western counterpart. We then argue for the need to examine (1) the change of logics per se, leveraging China’ market transition, which provides a unique opportunity to observe how existing configurations of logics undergo transformational change and regain coherence; (2) the governance of logics, focusing on the influence of social evaluators and command posts; and (3) the diffusion of the China Model, a distinct configuration of logics and orders, to other countries through the Chinese state’s political and economic campaigns.

Grounded in institutional theory, this study delves into the heterogeneous responses of politically connected top executives (PCTEs) to uniform institutional requirements for corporate environmental responsibility (CER). Specifically, we scrutinized the moderating role of organizational visibility in shaping the association between PCTEs and both environmentally responsible and irresponsible practices. Analyzing data from listed Chinese firms in heavily polluting industries spanning from 2010 to 2018, the findings indicate that PCTEs contribute to an increase in firms’ environmentally responsible activities and a decrease in their environmentally irresponsible activities. Notably, the impact on environmentally responsible activities is significant only for privately controlled PCTEs. Furthermore, the moderating influence of organizational visibility is validated. The implications of these findings for the broader research on political connections and CER are thoroughly discussed.

In the Dutch health care system of regulated competition, health insurers are assigned the crucial role of prudent purchasers and expected to critically contract providers based on the quality and prices of their services. Thus far, however, these organisations have struggled to fulfil this role. This study sheds new light on the purchasing behaviour of Dutch health insurers. We examine how insurers perceive the context in which the value-based purchasing of hospital care should take shape, and we draw on insights from institutional theory to frame our analysis. Our findings are based on a series of semi-structured interviews (n = 18) with employees and representatives of several insurer companies whose combined market shares add up to over 90 per cent of all premium payers. Our analysis highlights an environment in which market mechanisms are tangled up with historically rooted budgeting practices, where insurers are pressured to sustain rather than critique hospitals, and where self-regulating medical professionals are firmly supported by society’s deep-seated belief in the quality of their services. Like many other organisations, Dutch health insurers tend to conform to their institutional environment. While this conformity may aid them in organisational stability and survival, it also restricts their ability to purchase prudently.

This study investigates how institutional origin affects the dot tax haven (DTH) internationalization of Chinese family firms (FFs). Drawing on institutional theory and the mixed gamble perspective, we propose that restructured FFs (RFFs), originating from state-owned enterprises (SOEs), are more likely to engage in DTH internationalization than entrepreneurial FFs directly established by family founders. This propensity is attributed to the institutional legacies inherited from their SOE predecessors, which create a distinct potential gain-loss calculus. Our empirical analysis of publicly listed Chinese FFs from 2012 to 2021 demonstrates that restructured FFs are 30% more likely to use DTH and establish 43% more DTH subsidiaries than entrepreneurial FFs. This tendency, however, is mitigated by the firms’ economic ties to financial institutions. Our study enhances understanding of FFs’ global entrepreneurial decision-making, contributing to FF heterogeneity research. A novel aspect of our study is examining the impact of institutional legacies on FFs – a topic less explored in family business literature. Furthermore, our findings provide insights for policymakers and regulators, emphasizing the importance of tailored policies that consider the intricate interplay between institutional origin and contemporary entrepreneurial goals in FFs.

Territorial restructuring through amalgamating local authorities has figured prominently on the agendas of European governments for many decades. Precisely where and when restructuring occurs is poorly understood, although it is broadly assumed to be initiated in response to fiscal stress, urbanization, and functional decentralization. Using a large-N approach with a 30-year time series for 39 European countries, this article demonstrates that associations between these problems and territorial restructuring depend on institutional decision rules, specifically whether the power to decide on local government amalgamations is centralized or dispersed. The findings indicate that policymakers at the local level are particularly attentive to demographic problems, whereas policymakers at the central level pay more attention to problems related to policy delivery. We outline theoretical and practical implications.

This study extends the extant literature on executive pay dispersion by exploring the cultural-cognitive social determinants. We investigate how religious institutional environments, including Buddhism- and Confucianism-based institutions, shape vertical executive pay dispersion. We theorize that a Buddhism-based institutional environment is negatively related to vertical executive pay dispersion. In contrast, we propose competing hypotheses regarding how a Confucianism-based institutional environment affects vertical executive pay dispersion. With a sample of Chinese public firms, we find that both Buddhism- and Confucianism-based institutional environments are negatively associated with a firm's vertical executive pay dispersion. Supplementary analyses show that the aforementioned main effects are attenuated when a firm is embedded by a communist party branch and has a younger CEO.

The institutional logics perspective provides a powerful theory that emphasizes how symbolic beliefs and material practices are intertwined in relatively enduring configurations that can profoundly shape behavior across space and time. In this article, we build upon the arguments and insights of Haveman, Joseph-Goteiner, and Li, suggesting the need for a broader research agenda on the dynamics of institutional logics in China and around the world. Building on some of our recent writings, we argue for the need to go beyond the study of how logics have effects, to understand how logics themselves cohere, endure, and co-evolve in dynamic interrelationships with other logics.

Grounded in the organizational legitimacy perspective, this study examines the influence of formal institutional distance (FID) on the entry mode choice of Japanese cross-border acquirers. By disaggregating the FID variable using the Worldwide Governance Indicators, we provide a nuanced understanding of the relationship between FID dimensions and acquisition behavior. We find that out of the six disaggregated FID measures, three dimensions significantly impact acquisition decisions. Specifically, FID related to ‘regulatory quality’ and ‘control of corruption’ negatively affects the likelihood of full acquisitions, while FID related to the ‘rule of law’ positively influences full acquisitions. Our findings challenge the use of aggregated measures and highlight the importance of considering institutional variations. Japanese acquirers demonstrate a preference for higher control in uncertain legal environments. This study contributes to the literature by offering insights into the specific FID dimensions that drive the choice between partial and full acquisitions for Japanese firms.

This study provides a new perspective on the determinants of the spread of voluntary corporate social responsibility (CSR) adoption by incorporating the potential role of its adoption by industry competitors. We find supportive evidence that firms make CSR adoption decisions in response to competitive pressure as well as institutional mimetic pressures. Based on an event history analysis of longitudinal data from a sample of 711 Korean publicly traded firms over a 12-year period, our findings suggest that the CSR behavior of competitors is positively associated with a focal firm's earlier adoption of CSR, leading to the diffusion of CSR across firms. Specifically, this study shows that the pure rivalry-driven pressure from non-leader competitors has a stronger positive relationship with earlier CSR adoption. The results also indicate that a firm's CSR adoption decision is accelerated by competitive rivalry as well as social pressures arising from institutional mimetic isomorphism.