Secondhand brokerage: Evidence on the importance of local structure for managers, bankers and analysts

Academy of Management Journal

Volumn 50, Issue 1, 2007, Pages 119-148

  Burt, Ronald S ^a  

^a UNIVERSITY OF CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33847328139     PISSN: 00014273     EISSN: None     Source Type: Journal    
DOI: 10.5465/AMJ.2007.24162082     Document Type: Article

References (57)

1. Adler, P. S., & Kwon, S.-W. 2002. Social capital: Prospects for a new concept. Academy of Management Review, 27: 17-40.
2. Ahuja, G. 2000. Collaboration networks, structural holes, and innovation: A longitudinal study. Administrative Science Quarterly, 45: 425-455.
3. Baker, W. E. 1984. The social structure of a national securities market. American Journal of Sociology, 89: 775-811.
4. Baker, W. E. 2000. Achieving success through social capital. San Francisco: Jossey-Bass.
5. Birner, J. 1996. Mind, market and society: Network structures in the work of F. A. Hayek. Working. paper, Computable and Experimental Economics Laboratory, University of Toronto.
6. Birner, J. 1999. Two views of social stability: an unsettled question. American Journal of Economics and Sociology, 58: 749-780.
7. Borgatti, S. P. 2002. Netdraw: Network visualization software. Boston: Analytic Technologies.
8. Brass, D. J. 1984. Being in the right place: A structural analysis of individual influence in an organization. Administrative Science Quarterly, 29: 518-539.
9. Brass, D. J. 2006. Connecting to brokers. Paper presented at the Interdisciplinary Conference on Social Capital, Notre Dame, IN.
10. Brass, D. J., Galaskiewicz, J., Greve, H. R., & Tsai, W. 2004. Taking stock of networks and organizations: A multilevel perspective. Academy of Management Journal, 47: 795-817.
11. Burt, R. S. 1976. Positions in networks. Social Forces, 55: 93-122.
12. Burt, R. S. 1992. Structural holes. Cambridge, MA: Harvard University Press.
13. Burt, R. S. 2004. Structural holes and good ideas. American Journal of Sociology, 110: 349-399.
14. Burt, R. S. 2005. Brokerage and closure. New York: Oxford University Press.
15. Burt, R. S., & Guilarte, M. G. 1986. A note on scaling the General Social Survey network data. Social Networks, 6: 387-396.
16. Cohen, D., & Prusak, L. 2001. In good company. Boston: Harvard Business School Press.
17. Cook, K S., & Emerson, R. M. 1978. Power, equity and commitment in exchange networks. American Sociological Review 43: 721-739.
18. Cook, K. S., Emerson, R. M., & Gillmore, M. R. 1983. The distribution of power in exchange networks: Theory and experimental results. American Journal of Sociology 89: 275-305.
19. Cross, R., & Cummings, J. N. 2004. Tie and network correlates of individual performance in knowledge-intensive work. Academy of Management Journal, 47: 928-937.
20. Cross, R., & Parker, A. 2004. The hidden power of social networks. Boston: Harvard Business School Press.
21. Eccles, R. G., & Crane, D. B. 1988. Doing deals. Boston: Harvard Business School Press.
22. Everett, M., & Borgatti, S. P. 2005. Ego network between-ness. Social Networks, 27: 31-38.
23. Fang, L. H., & Yasuda, A. 2005. Analyst reputation, conflict of interest, and forecast accuracy. Working paper no. 24-04, Rodney L. White Center for Financial Research, University of Pennsylvania, Philadelphia.
24. Ferrier, W. J., & Smith, K. G. 1999. The role of competitive action in market share erosion and industry dethronement: A study of industry leaders and challengers. Academy of Management Journal, 42: 372-388.
25. Fleming, L., Golfer, L., Marin, A., & McPhie, J. 2004. Why the Valley went first: Agglomeration and emergence in regional inventor networks. Paper presented at the annual meeting of the Academy of Management, New Orleans.
26. Freeman, L. C. 1977. A set of measures of centrality based on betweeness. Sociometry, 40: 35-41.
27. Friedkin, N. E. 1983. Horizons of observability and limits of informal control in organizations. Social Forces, 62: 54-77.
28. Hansen, M. T., Podolny, J. M., & Pfeffer, J. 2001. So many ties, so little time: A task contingency perspective on the value of social capital in organizations. In S. M. Gabbay & R. Th. A. J. Leenders (Eds.), Research in the sociology of organizations, vol. 18: 21-57. Greenwich, CT: JAI Press.
29. Hayek, F. A. 1945. The use of knowledge in society. American Economic Review, 35: 519-530.
30. Hayward, M. L. A., & Boeker, W. 1998. Power and conflicts of interest in professional firms: Evidence from investment banking. Administrative Science Quarterly, 43: 1-22.
31. Katz, L. 1953. A new status index derived from sociometric analysis. Psychometrika, 18: 39-43.
32. Killworth, P. D., & Bernard, H. R. 1978. The reverse small world experiment. Social Networks, 1: 159-192.
33. Lin, N. 2002. Social capital. New York: Cambridge University Press.
34. Marsden, P. V. 1990. Network data and measurement. In J. Blake & J. Hagan (Eds.), Annual review of sociology, vol. 16: 435-463. Palo Alto, CA: Annual Reviews.
35. Marsden, P. V. 2005. Recent developments in network measurement. In P. J. Carrington, J. Scott, & S. Wasserman (Eds.), Models and methods in social network analysis: 8-30. New York: Cambridge University Press.
36. Mehra, A., Kilduff, M., & Brass, D. 2001. The social networks of high and low-self monitors: Implications for workplace performance. Administrative Science Quarterly, 46: 121-146.
37. Merton, R. K. 1957. The role-set: Problems in sociological theory. British Journal of Sociology, 8: 106-120.
38. Mizruchi, M. S., & Stems, L. B. 2001. Getting deals done: The use of social networks in bank decision making. American Sociological Review, 66: 647-671.
39. Monge, P. R., & Contractor, N. S. 2003. Theories of communication networks. New York: Oxford University Press.
40. Moody, J. 2002. The importance of relationship timing for diffusion. Social Forces, 81: 25-56.
41. Moreno, J. L. 1936/1947. Organization of the social atom. Sociometry, 10: 281-293.
42. Moreno, J. L. 1941. Foundations of sociometry. Sociometry, 4: 15-35.
43. Oh, H., Chung, M.-H., & Labianca, G. 2004. Group social capital and group effectiveness: The role of informal socializing ties. Academy of Management Journal, 47: 860-875.
44. Owen-Smith, J., & Powell, W. W. 2004. Knowledge networks as channels and conduits: The effects of spill-overs in the Boston biotechnology community. Organization Science, 15: 5-21.
45. Phillips, D. J., & Zuckerman, E. W. 2001. Middle-status conformity: Theoretical restatement and empirical demonstration in two markets. American Journal of Sociology, 107: 379-429.
46. Podolny, J. M., & Baron, J. N. 1997. Relationships and resources: Social networks and mobility in the workplace. American Sociological Review, 62: 673-693.
47. Podolny, J. M., & Stuart, T. E. 1995. A role-based ecology of technological change. American Journal of Sociology, 100: 1224-1260.
48. Pollock, T. G., Porac, J. F., & Wade, J. B. 2004. Constructing deal networks: Brokers as network architects in the U.S. IPO market and other examples. Academy of Management Review, 29: 50-72.
49. Rauch, J. E., & Watson, J. 2006. Clusters and bridges in networks of entrepreneurs. Paper presented at a Russell Sage Foundation workshop on formation and decay in economic networks, New York.
50. Reagans, R. E., & Zuckerman, E. W. 2006. Why knowledge does not equal power: The network redundancy trade-off. Working paper, Carnegie Mellon University, Pittsburgh.
51. Rosen, S. 1997. Austrian and neoclassical economics: Any gains from trades? Journal of Economic Perspectives, 11: 139-152.
52. Seibert, S. E., Kraimer, M. L., & Liden, R. C. 2001. A social capital theory of career success. Academy of Management Journal, 44: 219-237.
53. Stickel, S. E. 1992. Reputation and performance among security analysts. Journal of Finance, 47: 1811-1836.
54. Soda, G., Usai, A., & Zaheer, A. 2004. Network memory: The influence of past and current networks on performance. Academy of Management Journal, 47: 893-906.
55. Sorenson, O., & Stuart, T. E. 2001. Syndication networks and the spatial distribution of venture capital investments. American Journal of Sociology, 106: 1546-1588.
56. Stuart, T. E., & Podolny, J. M. 1996. Local search and the evolution of technological capabilities. Strategic Management Journal, 17: 21-38.
57. Zuckerman, E. W. 1999. The categorical imperative: Securities analysts and the illegitimacy discount. American Journal of Sociology, 104: 1398-1438.