Vicarious learning from the failures and near-failures of others: Evidence from the US commercial banking industry

• 成果类型: Review
• 署名作者: Kim, Ji-Yub (Jay); Miner, Anne S.
• 署名单位: University of Southern California; University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• 发表日期: 2007
• 页码: 687-714
• 关键词: EXPERIENCE; MODEL; TRANSFORMATION; Isomorphism; performance; KNOWLEDGE; thrift; firm

摘要

We examine whether organizations vicariously learn from near-failures and failures of others. We propose that the impact of such failure-related experience depends on the geographic market and industry origin of the experience. Our findings indicate that the local failure-related experience of both banks and thrifts have higher survival-enhancing learning value for banks than nonlocal experience, supporting the value of accessibility and applicability for useful learning. Bank near-failure experience had more value than bank failure experience, but thrift failure and near-failure experience had equivalent impact, suggesting that the learning impact of types of failure-related experience varies with its industry origin.