Sources of Durability and Change in Market Classifications: A Study of the Reconstitution of Product Categories in the American Mutual Fund Industry, 1944-1985

By Michael Lounsbury, Hayagreeva Rao. 2004

280 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/416779b7f8455676fa9a5073488386e3103387f7

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Citations in the corpus

Where Do Market Categories Come From and How? Distinguishing Category Creation From Category Emergence (2017, unknown): “Categories matter since they have a status-ordering influence on markets (DiMaggio, 1987; Lounsbury & Rao, 2004), and any market classification that exists at a particular time and context exerts valuation effects through the categorical imperative (Zuckerman, 1999).”
Agency, structure, and the dominance of OEMs: Change and stability in the automotive sector (2016, background): “Studies rooted in sociology, which consider ‘institutional fields’ (e.g. Fligstein, 2001; Lounsbury, 2007; Lounsbury and Rao, 2004), have studied mechanisms of change, positing that changes come from fringe actors, and social mechanisms that oblige the dominant actors to change the way work is…”
Standing out: how new firms in emerging markets build reputation (2007, background): “This is an important direction for future research given the paucity of research on the emergence of industry categories (see Lounsbury and Rao, 2004 for a recent exception).”
Hybrid Vigor: Securing Venture Capital by Spanning Categories in Nanotechnology (2014, background): “A foundational assumption in this work is that categories enable complex fields and markets to function smoothly by segmenting organizations into groups which share features that distinguish them from members of other categories (Hsu & Hannan, 2005; Lounsbury & Rao, 2004; Zuckerman, 1999).”
Market Watch: Information and Availability Cascades Among the Media and Investors in the U.S. IPO Market (2008, background): “…Podolny, 1993; Rao, Greve, & Davis, 2001) and information intermediaries such as financial analysts and the media (Deephouse, 2000; Lamertz & Baum, 1998; Lounsbury & Rao, 2004; Pollock & Rindova, 2003; Rao et al., 2001; Zuckerman, 1999) influence the actions of others and shape market outcomes.”
The market that never was: Turf wars and failed alliances in mobile payments (2015, background): “It also shows the mechanisms through which powerful firms can become a roadblock to the reconstitution of market categories (Lounsbury and Rao, 2004).”
Framing Contests: Strategy Making Under Uncertainty (2008, background): “Institutional research has suggested that social movement organizations can act entrepreneurially to shape market outcomes across firms by gaining political support for a new frame (Lounsbury and Rao 2004; Lounsbury, Ventresca and Hirsch 2003; Rao 1998).”
The Good, the Bad, and the Unfamiliar: The Challenges of Reputation Formation Facing New Firms (2007, background): “Even more closely related is the construct of legitimacy (e.g., Deephouse & Carter, 2005; Lounsbury & Rao, 2004; Rindova, Pollock, & Hayward, 2006).”
Optimal distinctiveness: Broadening the interface between institutional theory and strategic management (2017, background): “Zhao (2005) demonstrated that the different classification systems are socially constructed, resulting from political struggles and negotiations among different interest groups in the two countries (also see Lounsbury and Rao, 2004).”
Thinking About Technology: Applying a Cognitive Lens to Technical Change (2008, background): “The press, as an example, has been portrayed as " editors of product categories " (Lounsbury & Rao, 2004: 991).”
Undeserved Loss: The Spread of Legitimacy Loss to Innocent Organizations in Response to Reported Corporate Deviance (2009, background): “Lounsbury, M., and H. Rao 2003 “Sources of durability and change in market classifi cations: A study of the reconstitution of product categories in the American mutual fund industry, 1944–1985.””
Categories and Competition (2017, background): “…by labeling, codifying, and diffusing category-relevant market conversations (e.g., Rosa et al., 1999; Kennedy, 2008; Lounsbury and Glynn, 2001; Navis and Glynn, 2010) and by continually aligning such nomenclatures with new competitive developments (e.g., Lounsbury and Rao, 2004; Werden, 1992).”
New Practice Creation: An Institutional Perspective on Innovation (2007, background): “While we do not have access to details about the portfolios held by individual funds, one way to gauge difference between funds is by analyzing their performance relative to other funds (Lounsbury and Rao 2004).”
Understanding aesthetic innovation in the context of technological evolution. (2013, background): “This discourse shapes users’ perceptions of firms’ offerings as well as the institutional environment in which firms operate (Barthes, 1983; Kennedy, 2008; Lounsbury & Rao, 2004).”