This thesis contributes to the current discourse around co-evolution, this study investigates co-evolution between the South African venture capital industry and the South African government. Using a qualitative method which involved gathering data from archival sources and contemporary interviews, this study extends the growing literature on the co-evolution of organizations and their institutional environment in three ways. First, the study shows that the co-evolution that occurs between organizations and the institutional environment, is facilitated by both entities' respective need for legitimate status with different audiences. Second, the study furthers our understanding of co-evolution at the meso level (i.e. the organizational field) by illustrating the place of subject positions of organizations and power in the co-evolution that occurs at that level. Third, from the narrative presented in the study on the emergence of a venture capital industry in South Africa, the study explicates the importance of a free market system in a transition economy as it engenders the growth and development of a venture capital industry in such economies.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:555693 |
| Date | January 2011 |
| Creators | Aluko, Olumide Mayowa |
| Publisher | University of Nottingham |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://eprints.nottingham.ac.uk/13317/ |
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