A tale of two cities: Competing logics and practice variation in the professionalizing of mutual funds

• 成果类型: Review
• 署名作者: Lounsbury, Michael
• 署名单位: University of Alberta
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• 发表日期: 2007
• 页码: 289-307
• 关键词: INSTITUTIONAL SOURCES; AMERICAN FILM; ORGANIZATIONS; industry; TRANSFORMATION; Isomorphism; legitimacy; strategies; diffusion; field

摘要

This article examines practice diffusion in an environment where competing logics exist, specifically investigating how trustee and performance logics that were rooted in different locations (Boston and New York) led to variation in how mutual funds established contracts with independent professional money management firms. This focus on competing logics redirects institutional research away from isomorphism and the segregation of institutional and technical forces and toward an appreciation of how multiple forms of rationality underlie change in organizational fields. Implications for the dominant two-stage institutional model of diffusion and for research on institutions, organizations, and professions are discussed.