| Autor: |
Cheney, Eric R. |
| Předmět: |
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| Zdroj: |
Conference Papers - American Sociological Association; 2004 Annual Meeting, San Francisco, p1-36, 37p, 2 Charts, 1 Graph |
| Abstrakt: |
ABSTRACT. This paper explores how market exchange is affected by temporally situated meaning. Social scientists have approached time within markets and other economic settings as either situated or non-situated time. Social theorists such as Marx, Weber, and Mead provide examples of the situated approach. The situated view of time understands the ``now’’ or the present of social action as having salient consequences for social action. The non-situated view of time, as illustrated by Ludwig von Mises, views events and sequences of events as real, but not time itself as real. Survival regression modeling of the length of time in corporate purchases in the merger and acquisition market are used to examine the plausibility of these views of time within markets. It is found that when controlling for the structural features of the merger or acquisition deal, the effects of time itself is a significant model parameter. The results suggest that time itself---not simply the features of a deal---plays an important role in lengthening exchange within the merger and acquisition market. The results suggest there are ``definition of the situation’’ characteristics within market exchange that may be tapped by sociologists as part of our attempt to understand the full institutional complexity of markets. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Supplemental Index |
| Externí odkaz: |
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