Understanding institutions and entrepreneurship: The microfoundations lens and emerging economies

The emerging economy perspective provides an excellent opportunity to theorize the intertwined fields of entrepreneurship and institution research. How do the institutions in emerging economies change the entrepreneurial dynamics and entrepreneurial behaviors? How do entrepreneurs reshape the institutions more favorably at multiple levels? In this paper, we identify literature gaps in theorizing institutions and entrepreneurship and build a microfoundations lens to tackle theorizing challenges in this filed. We also introduce the seven papers in this Special Issue of Asia Pacific Journal of Management on institutions and entrepreneurship with different levels of analysis and research designs. Finally, we outline a systematic research agenda in this promising and important field.