The local dimension of legitimation: an empirical analysis of firms’ entry in the Italian craft beer market
研究了新企业群体的出现，发现合法性是地方性现象并刺激企业进入，但竞争会抵消这一效应；市镇内的合法性和竞争效应强于更大区域，且合法性作用比竞争更快更强。
We study the emergence of a new population of firms and show that legitimation is a local phenomenon and stimulates entry. However, legitimation is offset by competition as the number of firms increases. We provide evidence that the legitimation and competition effects within the municipality dominate the effects in a larger area. We also give a methodological contribution and show that the magnitude of the legitimation and competition effects is weaker than what is predicted by the conventional regressions. Finally, legitimation and competition do not act ‘symmetrically’: legitimation is stronger and acts more quickly than the competitive effect.