Institutional field dynamics and the competition between institutional logics: The role of rhetoric in the evolving control of the modern corporation

Management Communication Quarterly

Volumn 22, Issue 1, 2008, Pages 40-73

  Green, Sandy Edward ^a   Babb, Marin ^b   Alpaslan, C Murat ^c  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

^b STANFORD UNIVERSITY   (United States)

^c CALIFORNIA STATE UNIVERSITY   (United States)

Author keywords

Corporate governance; Institutional theory; Rhetorical analysis

Indexed keywords

EID: 47749105358     PISSN: 08933189     EISSN: 15526798     Source Type: Journal    
DOI: 10.1177/0893318908318430     Document Type: Article

References (88)

1. Acquisitions. (1992). Endangered species of the M&A market: With the slide of public deals, tender offers got few calls in 1991. Mergers and Acquisitions, 26(6), 25-26.
2. Aristotle. (1991). The art of rhetoric. New York: Penguin Books.
3. Bainbridge, S.M. (2004). The business judgment rule as abstention doctrine. Vanderbilt Law Review, 57(1), 81-130.
4. Baker, G., & Smith, G.D. (1998). The new financial capitalist. Cambridge, UK: Cambridge University Press.
5. Barnard, J.W. (1991). Institutional investors and the new corporate governance. North Carolina Law Review, 69, 1135-1187.
6. Bendix, R. (1963). Work and authority in industry: Ideologies of management in the course of industrialization. New York: Harper & Row.
7. Bendix, R. (2001). Work and authority in industry: Managerial ideologies in the course of industrialization. New Brunswick, NJ and London: Transaction Publishing.
8. Berger, P.L., & Luckmann, T. (1966). The social construction of reality. New York: Doubleday.
9. Berle, A.A., & Means, G.C. (1991). The modern corporation and private property. New Brunswick, NJ: Transaction Publishing.
10. Bitzer, L. (1968). The rhetorical situation. Philosophy and Rhetoric, 14, 1-14.
11. Blair, M.M. (1995). Ownership and control. Washington, DC: Brookings Institution.
12. Booth, W. (1974). Modern dogma and the rhetoric of assent. Chicago: University of Chicago Press.
13. Boxenbaum, E., & Battilana, J. (2005). Importation as innovation: Transposing managerial practices across fields. Strategic Organization, 3(4), 355-383.
14. Brickely, J.A., Lease, R., & Smith, C.W.J. (1988). Ownership structure and voting on anti-takeover amendments. Journal of Financial Economics, 20, 267-291.
15. Burke, K. (1969). A rhetoric of motives. Berkeley: University of California Press.
16. Chandler, A.D. (1977). The visible hand: The managerial revolution in American business. Cambridge, MA: Belknap.
17. Clemens, E., & Cook, J. (1999). Politics and institutionalism: Explaining durability and change. Annual Review of Sociology, 25, 441-466.
18. Coates, J. (1999). The contestability of corporate control: A critique of the scientific evidence on takeover defenses. (Working paper). Cambridge, MA: Harvard University.
19. Coffee, J.C.J. (1986). Shareholder versus managers: The strain in the corporate web. Michigan Law Review, 85, 1.
20. Conard, A.F. (1984). The supervision of corporate management: A comparison of developments in European community and United States law. Michigan Law Review, 82, 1472.
21. Creed, W.E.D., Scully, M.A., & Austin, J.R. (2002). Clothes make the person? The tailoring of legitimating accounts and the social construction of identity. Organization Science, 13(5), 475-496.
22. Davis, G.F. (2005). Social movements and organization theory. New York: Cambridge University Press.
23. Davis, G.F., & Stout, S.K. (1992). Organizational theory and the market for corporate control: A dynamic analysis of the characteristics of large takeover targets, 1980-1990. Administrative Science Quarterly, 37, 605-633.
24. Davis, G.F., & Thompson, T.A. (1994). A social movement perspective on corporate control. Administrative Science Quarterly, 39(1), 141-173.
25. DiMaggio, P. (1988). Interest and agency in institutional theory. In L. G. Zucker (Ed.), Institutional patterns and organizations: Culture and environment (pp. 3-21). Cambridge, MA: Ballinger.
26. DiMaggio, P.J., & Powell, W.W. (1991). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. In W. Powell & P. DiMaggio (Eds.), The new institutionalism in organizational analysis (pp. 63-82). Chicago and London: University of Chicago Press.
27. Dobbin, F.R. (1994). Forging industrial policy. Cambridge, UK: Cambridge University Press.
28. Douglas, M. (1986). How institutions think. Syracuse, NY: Syracuse University Press.
29. Drucker, P.F. (1991). Reckoning with the pension fund revolution. Harvard Business Review, 69(6), 106-109.
30. Enteman, W.F. (1989). The ideology of corporate restructuring. In M. E. A. Hoffman (Ed.), The ethics of organizational transformation (pp. 237-234). New York: Quorum.
31. Faltermeyer, E. (1991, August 26). The deal decade: Verdict on the 80's. Fortune, pp. 58-70.
32. Fama, E.F. (1980). Agency problems and the theory of the firm. Journal of Political Economy, 88(2), 288-307.
33. Fligstein, N. (1997). Social skill and institutional theory. American Behavioral Scientist, 40(4), 397-405.
34. Fligstein, N. (2001). Social skill and the theory of fields. Sociological Theory, 19(2), 105.
35. Friedland, R., & Alford, R.R. (1991). Bringing society back in: Symbols, practices, and institutional contradictions. In W. Powell & P. DiMaggio (Eds.), The new institutionalism in organizational analysis (pp. 232-263). Chicago and London: University of Chicago Press.
36. Geertz, C. (1973). The interpretation of cultures. New York: Basic Books.
37. Gill, A.M., & Whedbee, K. (1997). Rhetoric. In T. A. Van Dijk (Ed.), Discourse as structure and process: Discourse studies a multidisciplinary introduction (Vol. 1, pp. 157-184). Thousand Oaks, CA: Sage.
38. Granovetter, M. (1985). Economic action and social structure: The problem of embeddedness. American Journal of Sociology, 91, 481-510.
39. Green, S. (2001). Rhetoric and the institutionalization of takeover defenses in the S&P 1500 from 1975-1998. Unpublished doctoral dissertation, Harvard University, Cambridge, MA.
40. Green, S. (2004). A rhetorical theory of diffusion. Academy of Management Review, 29(4), 653-669.
41. Greenwood, R., & Hinings, C.R. (1996). Understanding radical organizational change: Bringing together the old and the new institutionalism. Academy of Management Review, 21(4), 1022.
42. Grimm, W.T. (1992). Mergerstat review 1991. Schaumburg, IL: Merrill Lynch Business Brokerage & Valuation.
43. Haunschild, P. (1993). Interorganizational imitation: The impact of interlocks on corporate acquisition activity. Administrative Science Quarterly, 38, 564-592.
44. Herman, E.S. (1981). Corporate control, corporate power. New York: Cambridge University Press.
45. Hirsch, P.M. (1986). From ambushes to golden parachutes: Corporate takeovers as an instance of cultural Framing and institutional integration. American Journal Sociology, 91, 800-837.
46. Hirschman, A.O. (1970). Exit, voice, and loyalty: Responses to decline in firms, organizations, and states Cambridge, MA: Harvard University Press.
47. Hirschman, A.O. (1977). The passions and interests: Political arguments for capitalism before its triumph. Princeton, NJ: Princeton University Press.
48. Homans, G.C. (1961). Social behavior: Its elementary forms. New York: Harcourt, Brace & World.
49. Icahn, C. (1988, February). Icahn on Icahn. Fortune, 29, 54-58.
50. Jensen, M.C. (1989, September/October). Eclipse of the public corporation. Harvard Business Review, 67, 61-74.
51. Jensen, M.C., & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3, 305-360.
52. Karpoff, J., & Malatesta, P. (1989). The wealth effects of second generation state takeover legislation. Journal of Financial Economics, 25, 291.
53. Lorsch, J.W. (1989). Pawns or potentates: The reality of America's corporate boards. Boston: Harvard Business School Press.
54. Manne, H.G. (1965). Mergers and the market for corporate control. Journal of Political Economy, 73, 110-120.
55. MergerStat. (2004). MergerStat Review: 2004. Santa Monica, CA: FactSet Mergerstat.
56. Meyer, J., & Rowan, B. (1991). Institutionalized organizations: Formal structure as myth and ceremony. In W. Powell & P. DiMaggio (Eds.), The new institutionalism in organizational analysis (pp. 41-62). Chicago: University of Chicago Press.
57. Mohr, J. (1998). Measuring meaning structures. Annual Review of Sociology, 24, 345-370.
58. Monks, R.A.G., & Minow, N. (1991). Power and accountability. New York: Harper Business.
59. Nohria, N., & Harrington, B. (1994). The rhetoric of change (Research Note No. 9-494-036) Cambridge, MA: Harvard Business School.
60. Perelman, C., & Olbrechts-Tyteca, L. (1969). The new rhetoric: A treatise on argumentation. Notre Dame, IN: University of Notre Dame Press.
61. Perrow, C. (1993). Complex organizations: A critical essay (3rd ed.). New York: McGraw-Hill.
62. Porter, M. (1992). Capital choices: Changing the way America invests in industry. Boston: Council on Competitiveness/Harvard Business School.
63. Rao, H. (2003). Institutional change in Tocqueville: Nouvelle cuisine as an identity movement in French gastronomy. American Journal of Sociology, 108(4), 795-843.
64. Roe, M. (1994). Strong managers weak owners: The political roots of American corporate finance. Princeton, NJ: Princeton University Press.
65. Roe, M.J. (1993). Takeover politics. In M. Blair (Ed.), The deal decade: What takeovers and leverage buyouts mean for corporate governance (pp. 321-380). Washington, DC: Brookings Institution.
66. Romano, R. (1987). The political economy of takeover statutes. Virginia Law Review, 73, 111-199.
67. Romano, R. (1988). The future of hostile takeovers: Legislation and public opinion. University of Cincinnati Law Review, 57, 457.
68. Romano, R. (1992). Rethinking takeover regulation. Journal of Applied Corporate Finance, 5(3), 47-57.
69. Rosenbaum, V. (1998). Takeover defenses. Washington, DC: Investor Responsibility Research Center.
70. Scott, W.R. (2001). Institutions and organizations (2nd ed.). Thousand Oaks, CA: Sage.
71. Seo, M.G., & Creed, D. (2002). Institutional contradictions, praxis, and institutional change: A dialectical perspective. Academy of Management Review, 27(2), 222-247.
72. Shleifer, A., & Summers, L. (Eds.). (1988). Breach of trust in hostile takeovers. Chicago: University of Chicago Press.
73. Shleifer, A., & Vishny, R.W. (1986). Large shareholders and corporate control. Journal of Political Economy, 95, 461-488.
74. Singleton, R.A., Straits B.C., & Straits, M.M. (1993). Approaches to social research (2nd ed.). New York: Oxford University Press.
75. Snow, D.A., & Benford, R.D. (1992). Master frames and cycles of protest. In A. Morris & C. Mueller (Eds.), Frontiers in social movement theory (pp. 133-155). New Haven, CT: Yale University Press.
76. Snow, D.A., Rochford, B.E., Worden, S.K., & Benford, R.D. (1986). Frame alignment processes, micromobilization, and movement participation. American Sociological Review, 51, 464-481.
77. Strang, D., & Meyer, J.W. (1994). Institutional conditions for diffusion. In R. W. Scott & J. W. Meyer (Eds.), Institutional environments and organizations: Structural complexity and individualism (pp. 100-111). Thousand Oaks, CA: Sage.
78. Suchman, M.C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20, 571-610.
79. Suddaby, R., & Greenwood, R. (2005). Rhetorical strategies of legitimacy. Administrative Science Quarterly, 50, 35-67.
80. Taylor, F.W. (1911). The principles of scientific management. New York: Harper.
81. Thornton, P.H., & Ocasio, W. (1999). Institutional logics and the historical contingency of power in organizations: Executive succession in the higher education publishing industry, 1958-1990. American Journal of Sociology, 105, 801-844.
82. Tillman, B. (1989). Hostile takeovers and defensive tactics policy considerations. Unpublished master's thesis, Harvard University, Cambridge, MA.
83. Useem, M. (1993). Executive defense: Shareholder power and corporate reorganization. Cambridge, MA: Harvard University Press.
84. Useem, M. (1996). Investor capitalism: How money managers are changing the face of corporate America. New York: Basic Books.
85. Votaw, D. (1965). Modern corporations Englewood Cliffs, NJ: Prentice Hall.
86. Wasserstein, B. (1998). Big deal. New York: Warner Books.
87. Weber, M. (1991). From Max Weber: Essays in sociology (H. H. Gerth & C. W. Mills, Trans.). London: Routledge. (Original work published 1948)
88. Weston, F., Chung, K., & Siu, J. (1990). Takeovers, restructuring, and corporate governance. Upper Saddle River, NJ: Prentice Hall.