The Cost of Status: When Social and Economic Interests Collide
Published Online:2 Jul 2019https://doi.org/10.1287/orsc.2018.1247
References
- (1993) Institutional and competitive bandwagons: Using mathematical modeling as a tool to explain innovation diffusion. Acad. Management Rev. 18(3):487–517.Crossref, Google Scholar
- (2008) The impact of economic integration on cross-border venture capital investments: Evidence from the European Union. Entrepreneurship: Theory Practice 32(5):897–917.Crossref, Google Scholar
- (2004) Tournament rituals in the evolution of fields: The case of the Grammy Awards. Acad. Management J. 47(1):59–80.Crossref, Google Scholar
- (1986) Investment banking, reputation, and the underpricing of initial public offerings. J. Financial Econom. 15(1):213–232.Crossref, Google Scholar
- (1995) What to do (and not to do) with time-series cross-section data. Amer. Political Sci. Rev. 89(3):634–647.Crossref, Google Scholar
- (2004) Friends or strangers? Firm-specific uncertainty, market uncertainty, and network partner selection. Organ. Sci. 15(3):259–275.Link, Google Scholar
- (1992) Ritual Theory, Ritual Practice (Oxford University Press, Cary, NC).Google Scholar
- (1999) Status, quality, and social order in the California wine industry. Admin. Sci. Quart. 44(3):563–589.Crossref, Google Scholar
- (1998) The legitimation and delegitimation of power and prestige orders. Amer. Sociol. Rev. 63(3):379–405.Crossref, Google Scholar
- (1966) The Social Construction of Reality (Doubleday, New York).Google Scholar
- (2011) Toward a theory of social judgments of organizations: The case of legitimacy, reputation, and status. Acad. Management Rev. 36(1):151–179.Crossref, Google Scholar
- (2002) Growth modeling using random coefficient models: Model building, testing, and illustrations. Organ. Res. Methods 5(4):362–387.Crossref, Google Scholar
- (1987) Power and centrality: A family of measures. Amer. J. Sociol. 92(5):1170–1182.Crossref, Google Scholar
- (2001) Eigenvector-like measures of centrality for asymmetric relations. Soc. Networks 23(3):191–201.Crossref, Google Scholar
- (2008) Do auctions induce a winner’s curse? New evidence from the corporate takeover market. J. Financial Econom. 89(1):1–19.Crossref, Google Scholar
- (2002) UCInet for Windows: Software for Social Network Analysis (Analytic Technologies, Cambridge, MA).Google Scholar
- (2005) Centrality and network flow. Soc. Networks 27(1):55–71.Crossref, Google Scholar
- (2005) Organizational routines, situated learning and processes of change in project-based organizations. Project Management J. 36(3):27–41.Crossref, Google Scholar
- (2014) Researching long-term orientation: Construct validation and recommendations for future research. Family Bus. Rev. 27(1):72–88.Crossref, Google Scholar
- (1992) Hierarchical Linear Models for Social and Behavioral Research: Applications and Data Analysis Methods (SAGE, Newbury Park, CA).Google Scholar
- (2004) The academic caste system: Prestige hierarchies in PhD exchange networks. Amer. Sociol. Rev. 69(2):239–264.Crossref, Google Scholar
- (1996) Competitor analysis and interfirm rivalry: Toward a theoretical integration. Acad. Management Rev. 21(1):100–134.Crossref, Google Scholar
- (2015) Reconceptualizing competitive dynamics: A multidimensional framework. Strategic Management J. 36(5):758–775.Crossref, Google Scholar
- (2007) Competitive tension: The awareness-motivation-capability perspective. Acad. Management J. 50(1):101–118.Crossref, Google Scholar
- (2000) Complementarity, status similarity and social capital as drivers of alliance formation. Strategic Management J. 21(1):1–22.Crossref, Google Scholar
- (2004) Political hybrids: Tocquevillean views on project organizations. J. Management Stud. 41(4):525–547.Crossref, Google Scholar
- (1999) Politics and institutionalism: Explaining durability and change. Annual Rev. Sociol. 25(1):441–466.Crossref, Google Scholar
- (1990) Foundations of Social Theory (Belknap Press, Cambridge, MA).Google Scholar
- (2008) Traditions as institutionalized practice: Implications for deinstitutionalization. Greenwood R, Oliver C, Suddaby R, Sahlin K, eds. SAGE Handbook of Organizational Institutionalism (SAGE, Thousand Oaks, CA), 327–351.Crossref, Google Scholar
- (2010) Formal dining at Cambridge colleges: Linking ritual performance and institutional maintenance. Acad. Management J. 53(6):1393–1418.Crossref, Google Scholar
- (1986) Ceremony as an integration of work and play. Organ. Stud. 7(2):159–170.Crossref, Google Scholar
- (1977) Technology and ceremonial behavior: Aspects of institutionalism. J. Econom. Issues 11(4):861–870.Crossref, Google Scholar
- (2005) Naive bidding. Management Sci. 51(3):328–338.Link, Google Scholar
- (1983) The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. Amer. Sociol. Rev. 48(2):147–160.Crossref, Google Scholar
- (2007) Requisite expertise, firm reputation, and status in venture capital investment allocation decisions. J. Bus. Venturing 22(4):481–502.Crossref, Google Scholar
- (1968) The Elementary Forms of the Religious Life (G. Allen & Unwin, London).Google Scholar
- (1994) Organizational images and member identification. Admin. Sci. Quart. 39(2):239–263.Crossref, Google Scholar
- (1981) The quasi firm in the construction industry. J. Econom. Behav. Organ. 2(4):335–357.Crossref, Google Scholar
- (1991) Social Cognition, 2nd ed. (McGraw-Hill, New York).Crossref, Google Scholar
- (1996) Reputation: Realizing Value from the Corporate Image (Harvard Business School Press, Boston).Google Scholar
- (1990) What’s in a name? Reputation building and corporate strategy. Acad. Management J. 33(2):233–258.Crossref, Google Scholar
- (1991) Theoretical foundations for centrality measures. Amer. J. Sociol. 96(6):1478–1504.Crossref, Google Scholar
- (1989) The winner’s curse and bidder competition in acquisitions: Evidence from failed bank auctions. J. Finance 44(1):59–75.Crossref, Google Scholar
- (2015) Marks of distinction: Framing and audience appreciation in the context of investment advice. Admin. Sci. Quart. 60(2):333–367.Crossref, Google Scholar
- (1951) Symbols of class status. British J. Sociol. 2(4):294–304.Crossref, Google Scholar
- (1959) The Presentation of Self in Everyday Life (Anchor, Garden City, NY).Google Scholar
- (1963) Stigma: Notes on the Management of Spoiled Identity (Prentice-Hall, Englewood Cliffs, NJ).Google Scholar
- (1987) Multilevel Models in Educational and Social Research (C. Griffin, London).Google Scholar
- (2002) The origins of status hierarchies: A formal theory and empirical test. Amer. J. Sociol. 107(5):1143–1178.Crossref, Google Scholar
- (1985) Economic action and social structure: The problem of embeddedness. Amer. J. Sociol. 91(3):481–510.Crossref, Google Scholar
- (2007) Systemfit: A package for estimating systems of simultaneous equations in R. J. Statist. Software 23(4):1–40.Crossref, Google Scholar
- (1965) An input-output approach to clique identification. Sociometry 28(4):377–399.Crossref, Google Scholar
- (2003) The role of network resources in market entry: Commercial banks’ entry into investment banking, 1991–1997. Admin. Sci. Quart. 48(3):466–497.Crossref, Google Scholar
- (2006) Should we stay or should we go? Accountability, status anxiety, and client defections. Admin. Sci. Quart. 51(1):97–128.Crossref, Google Scholar
- (2008) The use of relational discrimination to manage market entry: When do social status and structural holes work against you? Acad. Management J. 51(4):723–743.Crossref, Google Scholar
- (2008) Staging exchange partner choices: When do status and reputation matter? Acad. Management J. 51(3):495–516.Crossref, Google Scholar
- (2010) Breaking the winner's curse in outsourcing. Decision Sci. 41(3):573–594.Crossref, Google Scholar
- (2003) Bidding behavior at the auction. Psych. Marketing 20(4):303–322.Crossref, Google Scholar
- (1953) A new index derived from sociometric data. Psychometrika 18(1):39–43.Crossref, Google Scholar
- (2002) The winner’s curse in IT outsourcing: Strategies for avoiding relational trauma. California Management Rev. 44(2):47–69.Crossref, Google Scholar
- (2004) Research on competitive dynamics: Recent accomplishments and future challenges. J. Management 30(6):779–804.Crossref, Google Scholar
- (2011) When firms are desperate to grow via acquisition: The effect of growth patterns and acquisition experience on acquisition premiums. Admin. Sci. Quart. 56(1):26–60.Crossref, Google Scholar
- (2006) Effects of missing data in social networks. Soc. Networks 28(3):247–268.Crossref, Google Scholar
- (1998) Learning by association? Interorganizational networks and adaptation to environmental change. Acad. Management J. 41(6):621–643.Crossref, Google Scholar
- (2001) Multilevel modeling of individual and group level mediated effects. Multivariate Behav. Res. 36(2):249–277.Crossref, Google Scholar
- (2008) Guest editors’ introduction. J. Management Stud. 45(6):1025–1035.Crossref, Google Scholar
- (1999) Social networks and status attainment. Annual Rev. Sociol. 25(1):467–488.Crossref, Google Scholar
- (2009) Alliance partners and firm performance: Resource complementarity and status association. Strategic Management J. 30(9):921–940.Crossref, Google Scholar
- (1991) The winner’s curse: Experiments with buyers and with sellers. Amer. Econom. Rev. 81(1):335–346.Google Scholar
- (2013) On the plasticity of institutions: Containing and restoring practice breakdowns at the Cambridge University Boat Club. Acad. Management J. 56(1):185–207.Crossref, Google Scholar
- (2005) Organizing far from equilibrium: Nonlinear change in organizational fields. Organ. Sci. 16(5):456–473.Link, Google Scholar
- (1977) Institutionalized organizations: Formal structure as myth and ceremony. Amer. J. Sociol. 83(2):340–363.Crossref, Google Scholar
- (2012) Foreign IPO capital market choice: Understanding the institutional fit of corporate governance. Strategic Management J. 33(8):914–937.Crossref, Google Scholar
- (2015) Institutional distance and cross-border venture capital investment flows. J. Small Bus. Management 53(2):482–500.Crossref, Google Scholar
- (2017) Organization design, proximity, and productivity responses to upward social comparison. Organ. Sci. 28(1):1–18.Link, Google Scholar
- (2008) Using field-configuring events for sense-making: A cognitive network approach. J. Management Stud. 45(6):1147–1167.Crossref, Google Scholar
- (2006) Examining configurations and firm performance in a suboptimal equifinality context. Organ. Sci. 17(6):756–770.Link, Google Scholar
- (1995) Is there a winner's curse in the labor market? J. Econom. Behav. Organ. 28(1):79–89.Crossref, Google Scholar
- (1998) Embedded organizational events: The units of process in organization science. Organ. Sci. 9(1):16–33.Link, Google Scholar
- (2010) Explaining change: Theorizing and testing dynamic mediated longitudinal relationships. J. Management 36(2):405–429.Google Scholar
- (2002) Longitudinal data analysis: Applications of random coefficient modeling to leadership research. Leadership Quart. 13(4):455–586.Crossref, Google Scholar
- (1993) A status-based model of market competition. Amer. J. Sociol. 98(4):829–872.Crossref, Google Scholar
- (1994) Market uncertainty and the social character of economic exchange. Admin. Sci. Quart. 39(3):458–483.Crossref, Google Scholar
- (2001) Networks as the pipes and prisms of the market. Amer. J. Sociol. 107(1):33–60.Crossref, Google Scholar
- (1991) The New Institutionalism in Organizational Analysis (University of Chicago Press, Chicago).Crossref, Google Scholar
- (1994) The social construction of reputation: Certification contests, legitimation, and the survival of organizations in the American automobile industry: 1895–1912. Strategic Management J. 15(S1):29–44.Crossref, Google Scholar
- (1998) Caveat emptor: The construction of nonprofit consumer watchdog organizations. Amer. J. Sociol. 103(4):912–961.Crossref, Google Scholar
- (1991) The social construction of status value: Gender and other nominal characteristics. Soc. Forces 70(2):367–386.Crossref, Google Scholar
- (1998) How do status beliefs develop? The role of resources and interactional experiences. Amer. Sociol. Rev. 63(3):331–350.Crossref, Google Scholar
- (1986) Why new issues are underpriced. J. Financial Econom. 15(1):187–212.Crossref, Google Scholar
- (1986) The hubris hypothesis of corporate takeovers. J. Bus. 59(2):197–216.Crossref, Google Scholar
- (1995) Institutions and Organizations (SAGE, Thousand Oaks, CA).Google Scholar
- (1949) TVA and the Grass Roots: A Study in the Sociology of Formal Organizations (University of California Press, Berkeley and Los Angeles).Google Scholar
- (1957) Leadership in Administration (Harper and Row, New York).Google Scholar
- (2005) Testing for mediating variables in management research: Concerns, implications and alternative strategies. J. Management 31(3):330–353.Crossref, Google Scholar
- (2010) Competition in bidding markets. OECD J. Competition Law Policy 10(1):78–125.Google Scholar
- (2003) Applied Longitudinal Data Analysis: Modeling Change and Even Occurrence (Oxford University Press, New York).Crossref, Google Scholar
- (1999) Interorganizational endorsements and the performance of entrepreneurial ventures. Admin. Sci. Quart. 44(2):315–349.Crossref, Google Scholar
- (1994) Markets as social structures. Smelser NJ, Swedberg R, eds. The Handbook of Economic Sociology (Princeton University Press, Princeton, NJ), 225–282.Google Scholar
- (2005) Can there be a sociological concept of interest? Theory Soc. 34(4):359–390.Crossref, Google Scholar
- (1969) Influence structures. Sociometry 32(4):490–502.Crossref, Google Scholar
- (1988) Some evidence on the winner’s curse. Amer. Econom. Rev. 78(5):884–895.Google Scholar
- (1984) Studying organizational cultures through rites and ceremonials. Acad. Management Rev. 9(4):653–669.Crossref, Google Scholar
- (1969) The role of ceremonials in organizational behavior. Indust. Labor Relations Rev. 23(1):40–51.Crossref, Google Scholar
- (1987) Overpaying in corporate takeovers: The winner's curse. Financial Analysts J. 43(3):64–70.Crossref, Google Scholar
- (2005) Status evolution and competition: Theory and evidence. Acad. Management J. 48(2):282–296.Crossref, Google Scholar
- (1994) Social Network Analysis: Methods and Applications (Cambridge University Press, Cambridge, UK).Crossref, Google Scholar
- (2011) The cultural construction of organizational life: Introduction to the special issue. Organ. Sci. 22(2):287–298.Link, Google Scholar
- (1978) Economy and Society: An Outline of Interpretive Sociology (University of California Press, Berkeley).Google Scholar
- (2006) Linear Mixed Models: A Practical Guide Using Statistical Software (Chapman & Hall/CRC, New York).Google Scholar
- (1994) Substance and symbolism in CEOs' long-term incentive plans. Admin. Sci. Quart. 39(3):367–390.Crossref, Google Scholar
- (1981a) Production markets as induced role structures. Sociol. Methodology 12(1):1–57.Crossref, Google Scholar
- (1981b) Where do markets come from? Amer. J. Sociol. 87(3):517–547.Crossref, Google Scholar
- (2015) Entry timing: Enduring lessons and future directions. J. Management. 41(5):1388–1415.Crossref, Google Scholar
- (1991) Blind spots in industry and competitor analysis: Implications of interfirm (mis)perceptions for strategic decisions. Acad. Management Rev. 16(1):37–56.Crossref, Google Scholar
- (2004) The social construction of market value: Institutionalization and learning perspectives on stock market reactions. Amer. Sociol. Rev. 69(3):433–457.Crossref, Google Scholar

