A review of co-evolutionary mechanisms among institutions, supply networks, and digital capabilities in corporate governance
Published: August 3, 2026
Abstract
This study develops an analytical framework to explain the co-evolutionary dynamics among institutions, supply networks, and digital capabilities in corporate governance. Combining theoretical synthesis with evidence from in-depth interviews, the research integrates perspectives from institutional theory, the resource-based view, network theory, and dynamic capabilities to construct a comprehensive model of firm - environment interactions. The proposed framework elucidates the bidirectional relationships through which firms both adapt to and shape their external environments. The findings advance the theoretical understanding of co-evolutionary mechanisms and provide a systematic foundation for analyzing governance in increasingly digital and networked business contexts.
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