CHANGING LANDSCAPES: THE CONSTRUCTION OF MEANING AND VALUE IN A NEW MARKET CATEGORY-MODERN INDIAN ART

• 成果类型: Article
• 署名作者: Khaire, Mukti; Wadhwani, R. Daniel
• 署名单位: Harvard University; University of the Pacific
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/AMJ.2010.57317861
• 发表日期: 2010
• 页码: 1281-1304
• 关键词: ORGANIZATIONAL LEGITIMACY; SECURITIES ANALYSTS; TECHNOLOGY; discourse; industry; BOUNDARIES; DYNAMICS; product; GENRES; CLASSIFICATIONS

摘要

Stable category meanings act as institutions that facilitate market exchange by providing bases for comparison and valuation. Yet little is known about meaning construction in new categories or how meaning translates into valuation criteria. We address this gap in a descriptive study of these processes in an emerging category: modern Indian art. Discourse analysis revealed how market actors shaped the construction of meaning in the new category by reinterpreting historical constructs in ways that enhanced commensurability and enabled aesthetic comparisons and valuation. Analysis of auction transactions indicated greater intersubjective agreement about valuation over time as the new category institutionalized.