This dissertation deals with how national higher education policy affects stakeholder influence in practice, i.e. how two selected higher education institutions, the University of Oslo and Telemark University College, have interpreted and adapted to national policy reforms. The aim of this dissertation is threefold. First, four stakeholder regimes: the expert, welfare, bargaining and entrepreneurial regimes, are developed. Second, these stakeholder regimes are used to investigate the evolvement of norms and structures for stakeholder influence over time, i.e. approximately 40 years, at the University of Oslo and Telemark University College, respectively. Third, historical institutionalism is used at an organisational level in order to reveal the evolvement of continuity and change in stakeholder influence at these two institutions. This dissertation argues that the two higher education institutions have both undergone an evolvement of stakeholder influence in three phases where the two first phases have paved the way for the ultimately dominant characteristics of the entrepreneurial regime. At the same time, the analysis shows that the initial institutional legacies of the University of Oslo and Telemark University College differed. The University of Oslo had an established institutional legacy where the professors had the most influence, whereas the participation of other internal stakeholder groups became part of the legacy during the 1970s. Recently, ideas of strong leadership have been added to the legacy. In contrast, the institutional legacy of Telemark University College was based on cooperation with external stakeholders already from the outset of the period studied here. On a general level, this dissertation argues that policy is more likely to change practice if the changes are incremental and introduced as layering modes of change on the structural aspects of the regime models. Along with these incremental changes – where the University of Oslo and Telemark University College become more alike in several aspects – both higher education institutions display a number of continuous practices; cooperation with external stakeholders is one example which can be traced back to the early stage of this study. However, Telemark University College initially opened up more to the outside world than the University of Oslo.