Title: Incorporated opportunistic informal institutions

Authors: Ruben Albertovich Gevorgyan; Gayane Karlenovna Gevorgyan

Addresses: Faculty of Economics and Management, Yerevan State University, 52 Abovyan str., Yerevan, Armenia ' Faculty of Economics and Management, Yerevan State University, 52 Abovyan str., Yerevan, Armenia

Abstract: The article introduces the concept of incorporated informal opportunistic institutions, discusses their structure, the forms of existence and functioning, as well as the principles of management and obtaining benefits. Incorporated informal opportunistic institutions are organised groups of people within an institution that creates unwritten rules, specific roles, monetary and information flows, leechlike on the formal rules of the institution in order to obtain joint benefits. The article fully considers the special aspects of formation of incorporated informal opportunistic institutions and its affiliation with such concepts as the institution dysfunction and the 'state capture'. The concept of incorporated informal opportunistic institutions that we introduce implies purposeful actions within a formal institution and differs from both the concept of institution dysfunction and the concept of 'state capture'. It was demonstrated that formal institutions with incorporated informal opportunistic institutions can be 'captured' far easier.

Keywords: informal institutions; institution dysfunction; state capture; opportunistic behaviour; incorporated institutions.

DOI: 10.1504/IJEBR.2023.133119

International Journal of Economics and Business Research, 2023 Vol.26 No.3, pp.389 - 402

Received: 11 Aug 2021
Accepted: 25 Nov 2021
Published online: 01 Sep 2023 *

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