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Institutional experience, formal institutional quality, and firm performance: An analysis of firms from the European Union

2024-11-27Research article Open access
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datacite.subject.fosCiências Sociais::Economia e Gestão
datacite.subject.sdg08:Trabalho Digno e Crescimento Económico
datacite.subject.sdg17:Parcerias para a Implementação dos Objetivos
dc.contributor.authorOliveira, Alexandre
dc.contributor.authorCarvalho, Fernando
dc.contributor.authorReis, Nuno Rosa
dc.date.accessioned2025-12-05T09:41:23Z
dc.date.available2025-12-05T09:41:23Z
dc.date.issued2024-11-27
dc.description.abstractFirms’ success depends on their ability to deal with formal institutional quality. Specifically, firms exposed to a diversified set of institutional profiles can achieve institutional competitive advantage that provides firms with diverse knowledge and broader learning opportunities. While prior studies argued that being exposed to a diversified set of institutional profiles negatively influences firms because institutional knowledge can only be replicated in similar institutional profiles, they missed the point of learning from diversity. The purpose of this study is to further understand how firms’ institutional experience moderates the relationship between formal institutional quality and firms’ performance. We argue that firms with higher and more diverse institutional experience will adapt more efficiently to formal institutional quality, thus improving firms’ performance. We test the hypotheses on 4,011 publicly traded firms from the European Union between 2010 and 2021, and our results show that firms that develop higher institutional experience are better able to efficiently adapt to and leverage formal institutional quality and achieve higher firm performance. We contribute to the ongoing discussion on how formal institutions influence firms’ performance by acknowledging the importance of developing a diversified institutional experience.eng
dc.description.sponsorshipThe author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: This work has been funded by national funds through FCT — Fundação para a Ciência e a Tecnologia, I.P., Project UIDB/05037/2020, Project UIDB/04928/2020, and Project UI/BD/151279/2021 (https://doi.org/10.54499/UI/BD/151279/2021).
dc.identifier.citationOliveira, Alexandre & Carvalho, Fernando & Reis, Nuno. (2024). Institutional experience, formal institutional quality, and firm performance: An analysis of firms from the European Union. BRQ Business Research Quarterly. 28. 10.1177/23409444241301067.
dc.identifier.doi10.1177/23409444241301067
dc.identifier.issn2340-9444
dc.identifier.issn23409436
dc.identifier.urihttp://hdl.handle.net/10400.8/14902
dc.language.isoeng
dc.peerreviewedyes
dc.publisherSAGE Publications
dc.relationCentre for Business and Economics Research - University of Coimbra
dc.relationCentre of Applied Research in Management and Economics
dc.relationInstitutional Quality and Firms Performance
dc.relation.hasversionhttps://journals.sagepub.com/doi/full/10.1177/23409444241301067
dc.relation.ispartofBRQ Business Research Quarterly
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectFormal institutional quality
dc.subjectfirms’ performance
dc.subjectinstitutional diversity
dc.subjectinstitutional experience
dc.subjectEuropean Union
dc.titleInstitutional experience, formal institutional quality, and firm performance: An analysis of firms from the European Unioneng
dc.typeresearch article
dspace.entity.typePublication
oaire.awardTitleCentre for Business and Economics Research - University of Coimbra
oaire.awardTitleCentre of Applied Research in Management and Economics
oaire.awardTitleInstitutional Quality and Firms Performance
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F05037%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04928%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/OE/UI%2FBD%2F151279%2F2021/PT
oaire.citation.endPage385
oaire.citation.issue2
oaire.citation.startPage371
oaire.citation.titleBusiness Research Quarterly
oaire.citation.volume28
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStreamOE
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
person.familyNameMartins de Oliveira
person.familyNameReis
person.givenNameAlexandre
person.givenNameNuno
person.identifier1981207
person.identifier.ciencia-id8C12-08A0-CFEF
person.identifier.ciencia-id8E11-DEEF-E976
person.identifier.orcid0000-0001-8222-2691
person.identifier.orcid0000-0002-4544-0312
person.identifier.ridA-9709-2012
person.identifier.scopus-author-id55012738500
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
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