"institutional void" is a correct and usable phrase in written English.
Generally, "institutional void" is used to refer to a gap in the infrastructure or policies of a given institution. For example: "The recent scandal uncovered an institutional void in the company's compliance procedures."
Now that secular authorities in the regions had lost their key tax-collecting role, it was religious institutions that filled the institutional void, and became seats of worldly power too.
The idea was to substitute for a different kind of institutional void, the equivalent institution in the U.S. being the Congressional Research Service or various congressional or senatorial research staffs, the likes of which are underdeveloped in India.
"There was an armed confrontation, the president fled, and there was an institutional void.
Mr Fujimori's flight to Japan in 2000 revealed not just systematic corruption, but an institutional void.
The responsibilities lie somewhere between the west's inability to anticipate and commit to the nation-building required, and Libya's own tortured history of fractured national identity – not to mention the institutional void after decades of Gaddafi's dictatorship.
"We want to fill the institutional void and take some of the risk," explains Alexander Lupachev, the organisation's chief investment officer.The aim is to build a long pipeline of start-ups to reside in Skolkovo.
They report slow development of efficient and legitimate formal institutions in Russia and China resulting in institutional voids.
The past decade has seen institutional voids being filled in rapidly across the emerging world.
The company has to step in to fill institutional voids left by the market (which is underdeveloped in such an isolated spot) and the government (which is ineffective).
The delays are inevitable, most experts say, stemming from the nature of the European Union and its own institutional voids: no single government, no single treasury, no effective fiscal coordination, no mechanism for crisis management.
Tarun Khanna of Harvard Business School has argued that emerging-world conglomerates are transient phenomena: they have thrived because businesses need to compensate for the underdeveloped nature of the local market (or fill in "institutional voids", as he puts it).
