Media type: E-Article Title: New Institutional Economics' contribution to strategic groups analysis Contributor: Tywoniak, Stephane; Galvin, Peter; Davies, Jennifer Published: Wiley, 2007 Published in: Managerial and Decision Economics, 28 (2007) 3, Seite 213-228 Language: English DOI: 10.1002/mde.1323 ISSN: 0143-6570; 1099-1468 Keywords: Management of Technology and Innovation ; Management Science and Operations Research ; Strategy and Management ; Business and International Management Origination: Footnote: Description: AbstractRather than consider the two broad strands of strategic group research—performance‐based and behavior‐based studies—as competing approaches, we argue that they relate to complementary levels of analysis. We present a four‐level framework for analyzing structures within industries drawn from New Institutional Economics (NIE) which covers different approaches to strategic group formation from institutional isomorphism and embeddedness through to the firm‐level effects of certain resource deployments. We apply an institutional approach to a case study of the Australian banking industry and supplement this with a quantitative approach based around key strategic variables. This analysis suggests that distinct groups have emerged due to the institutional environment and the different regulatory environments experienced by various banks in the industry. Copyright © 2007 John Wiley & Sons, Ltd.