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作者:Yenkey, Christopher B.
作者单位:University of Chicago
摘要:This study examines how actors from diverse and competing social groups can come to identify as members of a common market rather than as agents of their discrete social groups. Using data on new-investor recruitment into Kenya's nascent capital market, the Nairobi Securities Exchange, from 2005 through 2008, I identified mechanisms driving social segmentation as well as integration of disparate groups. The empirical context is characterized by weak formal institutions and high levels of inter...
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作者:DeSoucey, Michaela
作者单位:North Carolina State University
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作者:Pollock, Timothy G.; Lee, Peggy M.; Jin, Kyuho; Lashley, Kisha
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Arizona State University; Arizona State University-Tempe; Seoul National University (SNU); University of Virginia
摘要:We explore the relationship between status and reputation, examining how its dynamics change over time as these two intangible assets coevolve and how reputation and status are influenced by participation in highly visible events. Using a sample of more than 400 newly founded venture capital (VC) firms, we find that reputation and status positively influence each other but that reputation has a greater effect on status, particularly when firms are older. We also find that the effect of past st...
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作者:Funk, Russell J.; Hirschman, Daniel
作者单位:University of Minnesota System; University of Minnesota Twin Cities; University of Michigan System; University of Michigan
摘要:Regulators, much like market actors, rely on categorical distinctions. Innovations that are ambiguous to regulatory categories but not to market actors present a problem for regulators and an opportunity for innovative firms. Using a wide range of primary and secondary, qualitative and quantitative sources, we trace the history of one class of innovative financial derivativesinterest rate and foreign exchange swapsto show how these instruments undermined the separation of commercial and invest...
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作者:Malter, Daniel
作者单位:Harvard University
摘要:This paper identifies the causal symbolic effect of status on the prices organizations charge for their products. I exploit the classification of the chateaux of the Medoc, which sorted 61 wine producers into five growth classes in 1855, as a fixed hierarchical symbol of class status. The classification has defied attempts at revision for more than 150 years. This means that a chateau's rank in the classification cannot be reversely affected by the quality or price of its wine, which greatly f...
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作者:Dobbin, Frank
作者单位:Harvard University
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作者:Swaminathan, Anand
作者单位:Emory University
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作者:Johnson, Victoria
作者单位:University of Michigan System; University of Michigan
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作者:Jonsson, Stefan; Greve, Henrich R.; Fujiwara-Greve, Takako
作者单位:Uppsala University; INSEAD Business School; Keio University
摘要:This paper theorizes about why discoveries of corporate deviance that damage the legitimacy of the responsible organization may also have consequences for other organizations. We propose that audiences generalize from deviance by one organization to others that are similar. The result is a withdrawal from transactions even from non-culpable organizations as audiences seek to avoid organizations that they associate with a deviant act. We show that two scandals involving Skandia AB, a Swedish in...
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作者:Cattani, Gino; Ferriani, Simone; Negro, Giacomo; Perretti, Fabrizio
作者单位:New York University; University of Bologna; Durham University
摘要:Recent research emphasizes that legitimacy depends on consensus among agents (audiences) about the features and activities of organizations (candidates) that become taken-for-granted elements in a social domain. This study examines how consensus is affected by the structure of interaction in the network connecting social audiences to candidate organizations. It analyzes how audience members reach, reinforce, and preserve consensus about candidates' features and behavior, affecting a crucial or...