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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/institutional-evolution",
 "identifier": "kaal:entity:institutional-evolution",
 "name": "Institutional evolution",
 "termCode": "institutional-evolution",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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   "value": [
    "2019",
    "2023"
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3373393-015",
   "identifier": "kaal:claim:3373393-015",
   "text": "The continued popularity of existing corporate governance mechanisms may be a product of path dependencies created by the historical evolution of internal and external monitoring mechanisms, rather than of their effectiveness.",
   "abstract": "The popularity of existing mechanisms to address the agency problems in corporate governance may be related to path dependencies created by the evolution of internal and external monitoring mechanisms in corporate governance",
   "citation": "Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393",
   "datePublished": "2019",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [],
   "source_pdf_sha256": "4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4529715-011",
   "identifier": "kaal:claim:4529715-011",
   "text": "Information technology has facilitated and arguably necessitated the DAO in the same way that the printing press, navigational instruments, and reliable maritime shipping necessitated and facilitated the joint stock corporation.",
   "abstract": "technologies such as the printing press, navigational instruments, and reliable maritime shipping necessitated and facilitated the development of the joint-stock corporation, information technology has facilitated and arguably necessitated the DAO.",
   "citation": "Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715",
   "datePublished": "2023",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
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 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'institutional-evolution'. Derived node: a roster, not an adjudicated definition."
}