Institutional Specialization and Survival: Theory and Evidence from the French Film Industry
| Autor: | Julien Jourdan |
|---|---|
| Přispěvatelé: | Dauphine Recherches en Management (DRM), Université Paris Dauphine-PSL, Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Centre National de la Recherche Scientifique (CNRS) |
| Rok vydání: | 2018 |
| Předmět: |
business.industry
Strategy and Management 05 social sciences Face (sociological concept) JEL: L - Industrial Organization/L.L8 - Industry Studies: Services/L.L8.L82 - Entertainment • Media Management Science and Operations Research Film industry 0506 political science Industry dynamics Institutional Theory Management of Technology and Innovation 0502 economics and business Specialization (functional) 050602 political science & public administration [SHS.GESTION]Humanities and Social Sciences/Business administration Strategic management Industry Dynamics Business and International Management Institutional theory business Stakeholder theory Corporate Strategy 050203 business & management Industrial organization |
| Zdroj: | Strategy Science Strategy Science, 2018, 3 (2), ⟨10.1287/stsc.2018.0058⟩ |
| ISSN: | 2333-2077 2333-2050 |
| DOI: | 10.1287/stsc.2018.0058 |
| Popis: | Firms increasingly face fragmented institutional environments where stakeholders endorse different institutional logics. Although the effects of market specialization have been extensively studied, we do not know much about the firm-level implications of institutional specialization, i.e., when firms demonstrate consistent conformity to an institutional logic. In this study, I explore whether and to what extent institutional specialization affects firm survival. In contrast with arguments and evidence highlighting the potential negative survival effect of market specialization, I posit that institutional specialization is positively associated with survival. Because they may be more skilled at interacting with stakeholders, which perceive them as more appealing and understandable, institutional specialists, I argue, are more likely than other firms to form and maintain the reciprocal stakeholder relationships needed to operate and survive. I expect the survival benefit of institutional specialization to be accentuated when the contrast between logics decreases. I test and find support for these ideas using unique population data on French film producers (1994–2008). |
| Databáze: | OpenAIRE |
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