Table 4.

Major MS-NMS theoretical perspectives and proposition

TheoriesMSNMSMS and NMSTotal no.
Institutional theory (including all its variants, e.g. neo-institutional theory, legitimacy assessment, etc.)14291053
Stakeholder theory1620743
Resource dependence theory14191144
Resource-based theory (comprising the dynamic capabilities perspectives)1518639
Behavioural theory1115834
Agency theory96621
Social network38718
embeddedness theory49215
Transaction cost theory59721
Public choice theory46212
Note(s):

The above theories have been used by over 50 articles in our article collections

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