The concept of bioeconomy has increasingly gained importance. The transition towards a bioeconomy is a new challenge … for the sustainable use of soils. In the development of transition strategies, the perspectives of actors need to be … functions are ful-filled by actors in the transition towards a bioeconomy. Actors relevant for soil policy have different …

market economies. These transitions entail far-reaching and complex changes in social, economic and political institutions … that characterise the transition process in both the economic and political realms. Contrary to a widespread assumption …, market-supporting institutions do not necessarily arise when assets are privatised in a highly unstable and uncertain …

Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by … institutions to promote investment on the one hand and fighting financial allocation inefficiency by mitigating surplus liquidity … issues on the other hand. Originality/value - The paper extends the debate on the substitution of finance and institutions in …