ABSTRACT
During the last two decades organizational researchers have paid significant attention to the study of organizational action from several perspectives (Martinez and Dacin, 1999). The dominant perspectives include contingency theory (Child, 1972; Miller and Friesen, 1984; Mintzberg, 1979, 1981), population ecology (Hannan and Freeman, 1977, 1984), resource dependence (Pfeffer and Salancik, 1978), and various institutional theories such as transaction cost economics (Williamson, 1975, 1981, 1985), new institutional sociology (DiMaggio and Powell, 1983; Meyer and Rowan, 1977; Scott, 1995; Zucker, 1987) and old institutional economics (Veblen, 1898, 1909, 1919; Hodgson, 1993; Mayhew, 1987).
