Institutional Dynamics and Localized Inter-Firm Relations

Abstract

This article focuses on processes of transformation of non-market collective reference points. In order to do this, I employ the concept of institutional dynamics, the definition of which is preceded by a distinction between the concepts of institution and organization. I seek to validate this definition by a case-study of the aeronautical branch of Aerospatiale which, over the last 30 years, has undergone a major evolution in the utilization of non-market collective reference points in its subcontracting relationships. These changes are a result, at least partly, of institutional dynamics.