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This paper builds on previous evidence regarding the influence of venture capita... funding on individual start-up companies to examine the diffusion of institutional logics among the broader set of venture capital funded start-ups. We develop propositions regarding the interaction between venture capital firms and incumbent firms on the institutions that influence start-up companies when they enter an industry. A review of the current literature suggests that the field of venture capital funding establishes a relevant community among firms that receive such funding. We propose that there are significant regulative, normative, and cognitive isomorphic pressures exerted on venture-capital funded start-up companies that cross field-level boundaries through the action of venture capital firms. This paper builds a framework for understanding field-level institutional effects of venture capital funding and extends the application of institutional perspectives into entrepreneurship research. [ABSTRACT FROM AUTHOR]

This paper asserts that, at an industry level, there are accepted norms, principles, rules and decision-making procedures around competition, that can be conceptualized as "Regimes of Competition". This approach builds on the regime theory literature from international relations and recent work in organization theory. These "regimes of competition" are a combination of implicit and sometime explicit schemas that structure the ways in which firms compete with one another. Specific propositions about how competitive regimes impact organizational activity are presented with support from historical evidence from the brokerage house industry. By using regimes as the theoretical lens, it is possible to better understand and predict firm behavior. [ABSTRACT FROM AUTHOR]

Industries and organizational fields are subject to multiple layers of institutional forces, whether normative, cognitive or regulatory. Ongoing conflicts among heterogeneous actors within and across layers of an institutional environment set the stage for persistent contestation. These conditions challenge both entrepreneurs and established organizations with identifying strategies and practices that align with the institutional environment to support growth. Indeed, entrepreneurs seeking opportunities must often navigate contested environments that lack legitimacy, agreed upon norms and practices, and established structures. Variation in approaches used to serve the industry fuel ongoing heterogeneity among actors, impeding an industry's traditional path of development. The symposium will investigate regulatory heterogeneity and institutional contestation from different theoretical perspectives and levels of analysis (micro to macro) in an industry that has encountered considerable societal attention and regulatory debate, the U.S. Marijuana industry. [ABSTRACT FROM AUTHOR]