Institutions, entrepreneurship and co-evolution in international business

A recent and promising trend in international business and international management research has been to consider institutions not only as taken-for-granted constraints that need to be accommodated, but also the outcomes of agency; purposive action by individuals, firms, coalitions and other actors. We elaborate the development of research in this vein, and advocate a more nuanced view of the nexus between agency and institutions of different kinds and residing at various levels of analysis, and the associated co evolutionary processes. Recent developments from cognate fields - particularly, institutional entrepreneurship and institutional work - offer a theoretical foundation for further insights into the nexus of institutions, agency and co-evolution. We discuss the papers that appear in this special issue and how they further develop and expand our understanding of institutions, agency and co-evolution, and conclude with questions and directions for future research. (C) 2016 Elsevier Inc. All rights reserved.