Betrayal as Market Barrier: Identity-Based Limits to Diversification among High-Status Corporate Law Firms

Phillips, Damon J.; Turco, Catherine J.; Zuckerman, Ezra W.

doi:10.1086/668412

Cited by 134 publications

(112 citation statements)

References 45 publications

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“…By contrast, such cases are well understood by sociological theory, which recognizes that audiences confer status on the basis of some combination of actors' capabilities and their commitment to use those capabilities on behalf of the audience ðCorrell and Benard 2006; Phillips et al 2013;see, e.g., Ridgeway 1981Þ. This logic has recently been extended to suggest that actors who engage in selfless "prosocial" activities receive more deference relative to those who work only on their own behalf ðWiller 2009Þ.…”

Section: Discussionmentioning

confidence: 99%

The Denigration of Heroes? How the Status Attainment Process Shapes Attributions of Considerateness and Authenticity

Hahl

Zuckerman

2014

American Journal of Sociology

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100

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This article develops and tests a theory to explain the common tendency to "denigrate heroes," whereby high-status actors are suspected of being inconsiderate and inauthentic relative to low-status counterparts. This tendency is argued to reflect two conditions typical of status attainment processes: ðaÞ assertions of superiority over others and ðbÞ the presence of incentives to pursue status. The latter is key since awareness of such incentives breeds suspicions of inauthenticity, which in turn undermine perceptions of prosocial intentions. This theory is validated in a series of online experiments, in which categorical status hierarchies emerge either via deference on a coordinated task or via competitive interactions. Results show that high-status actors may also be "celebrated" as authentic and considerate when the observable incentive structure is such that assertions of superiority appear as unintended by-products of prosocial action. Implications are drawn regarding the sources of instability and insecurity in status hierarchies.

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Section: Discussionmentioning

confidence: 99%

The Denigration of Heroes? How the Status Attainment Process Shapes Attributions of Considerateness and Authenticity

Hahl

Zuckerman

2014

American Journal of Sociology

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100

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“…While incompatible sources of concern and uncertainty would be problematic for any member of an audience, not all members would be equally affected because they might vary in their constraints regarding their adherence to core values (Phillips, Turco, & Zuckerman, 2013). Accordingly, we argue that this will be particularly true for high-status members of an audience, as they are expected to exemplify and champion the audience's core values (see Hogg, 2010 for a review).…”

Section: Hypothesis 2: the (Positive) Contingent Effect Of An Actor'smentioning

confidence: 95%

“…Although high-status members of an audience might experiment and deviate from previous courses of action (Phillips & Zuckerman, 2001), the disproportionate attention and close observation they receive are problematic when their decisions and behaviors do not align with the core norms and expectations of other members of the same audience (Phillips et al, 2013). Consistent with this idea, high-status audience members are likely to receive disproportionate censure for controversial decisions and behaviors (Graffin, Bundy, Porac, Wade, & Quinn, 2013).…”

Section: Hypothesis 2: the (Positive) Contingent Effect Of An Actor'smentioning

confidence: 99%

The Art of Representation: How Audience-specific Reputations Affect Success in the Contemporary Art Field

Ertug

Yogev

Lee

et al. 2016

AMJ

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AcknowledgmentWe would like to thank Tim Pollock and the three anonymous reviewers for their excellent suggestions and guidance. We would also like to thank Martin Gargiulo, Matteo Prato, Heeyon Kim, Abhijith G. Acharya, Fabrizio Castellucci, Yi Tang, and Francois Collet for their valuable feedback, as well as participants at presentations at the Oxford University Centre for Corporate Reputation and at Singapore Management University. We would also like to express our gratitude for the financial support we have received from the Oxford University Centre for Corporate Reputation. The research leading to these results has received funding from the European Research 2 THE ART OF REPRESENTATION: HOW AUDIENCE-SPECIFIC REPUTATIONS AFFECT SUCCESS IN THE CONTEMPORARY ART FIELD ABSTRACTWe study the effects of actors' audience-specific reputations on their levels of success with different audiences in the same field. Extending recent work that has emphasized the presence of multiple audiences with different concerns, we demonstrate that considering audience specificity leads to an improved understanding of reputation effects. Using data on emerging artists in the field of contemporary art from 2001 to 2010, we investigate the manner in which artists' audience-specific reputations affect their subsequent success with two distinct audiences: museums and galleries. Our findings suggest that audience-specific reputations have systematically different effects with respect to success with museums and galleries. Our findings also illuminate the extent to which audience-specific reputations are relevant for emerging research on the contingent effects of reputation. In particular, our findings support our predictions that audiences differ from one another in terms of the extent to which other signals (specifically, status and interaction with other audiences) enhance or reduce the value of audience-specific reputations. Our study thus advances theory by providing empirical evidence for the value of incorporating audience-specific reputations into the general study of reputation.3

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“…Progress on the latter condition is particularly noteworthy. In particular, the literature on status and conformity (see Phillips and Zuckerman 2001;Phillips, Turco, and Zuckerman 2011) suggests why the achievement of security in group membership facilitates greater acceptance of differentiation on the part of high-status actors (while lowering the incentives for conformity among the socially marginalized). Correspondingly, the social insecurity of immigrants makes them distinctively conservative in their naming patterns (see Zhang et al 2001).…”

mentioning

confidence: 99%

Construction, Concentration, and (Dis)Continuities in Social Valuations

Zuckerman¹

2012

Annu. Rev. Sociol.

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137

105

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I review and integrate recent sociological research that makes progress on three interrelated puzzles of social valuation: (a) the degree of social construction relative to objective constraints; (b) the degree of concentration in social valuations at a single point in time; and (c) the conditions that govern two broad forms of temporal discontinuity--(i): fashion cycles, especially in cultural expression and in managerial practices; and (ii) bubble/crash dynamics, as witnessed in such domains as authoritarian regimes and financial markets. In the course of the review, I argue for the importance of identifying how objective conditions constrain social construction, and suggest two contrarian mechanisms by which this is accomplished-arbitrage and valuation entrepreneurship, and the conditions under which they are more or less effective.

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Betrayal as Market Barrier: Identity-Based Limits to Diversification among High-Status Corporate Law Firms

Cited by 134 publications

References 45 publications

The Denigration of Heroes? How the Status Attainment Process Shapes Attributions of Considerateness and Authenticity

The Denigration of Heroes? How the Status Attainment Process Shapes Attributions of Considerateness and Authenticity

The Art of Representation: How Audience-specific Reputations Affect Success in the Contemporary Art Field

Construction, Concentration, and (Dis)Continuities in Social Valuations

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