How do institutions of the European Union change? Using an institutionalist approach, this article highlights the interplay between power, cognitive limits, and the normative order that underpins institutional settings and assesses their impact upon the process of institutional change. Empirical evidence from recent attempts to reinforce the protection of the free movement of goods in the EU su...

How does material culture matter for institutions? Material objects are increasingly prominent in sociological research, but current studies offer limited insight how to institutional processes. We build on insights theorize aesthetic style, a shared pattern of object presence and usage among cluster organizations an field. use formal relational methods survey from religious congregations uncov...

In this paper, we provide additional empirical evidence on the impact of institutional investors on stock return dynamics. The Polish pension system reform in 1999 and the associated increase in institutional ownership due to the investment activities of pension funds are exploited as an unique institutional characteristic. Performing a variant of the event study methodology in an asymmetric GA...

In the 1980s, Turkey initiated a liberalization and deregulation movement to introduce competition to its domestic markets and to transform the Turkish economy from an import substituting economy to export-based one. The aim was to institutionalize economic change through transition to the economic institutions of capitalism. However, the traditional institutional structure had resisted the pro...

This study uses a new data set to assess whether capital structure theory is portable across countries with different institutional structures. We analyze capital structure choices of firms in ten developing countries, and provide evidence that these decisions are affected by the same variables as in developed countries. However, there are persistent differences across countries, indicating tha...

a number of new concepts have emerged in the last two decades whose proponents claim that if achieved, they would deliver more sustainable urban environments. among them, new urbanism and urban village are the ones with the most theoretical support and practical application. both ideas, however, have been criticized in several grounds. but no study has been carried out to show the effectiveness...