A Theoretical Model for Institutional Change: The Relationship between Institutional Entrepreneurship and Social Capital

This study demonstrates theoretically at which level the social capital and embedded relationships can be beneficial for institutional entrepreneurs to achieve institutional change. For this purpose, a model is proposed, based on three propositions, to examine the effectiveness of the social capital possessed by institutional actors to attain institutional change. In this way two different fields-mainly institutional theory and social network theory-are combined in order to further explain institutional change.