Manu Militari: New Venture Ties to Coercive Institutions in Emerging Economies
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چکیده
In many countries with weak political institutions, new ventures face challenges such as political risks, corruption, and civil conflict, which can severely hinder their ability to survive and grow. We explore how establishing affiliations at founding with coercive institutional actors can help new ventures overcome challenges characteristic of weak and volatile political environments. Our findings on two types of venture exits, failure and governmental expropriation, suggest that founding affiliations with elite military actors reduce threats facing new ventures. Implications for strategy, entrepreneurship, and organizational theory are discussed.
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