A Tale of Two Cities: Competing Logics and Practice Variation In the Professionalizing of Mutual Funds

By Michael Lounsbury. 2007

1,335 citations recorded by the source corpus.

Subfields: Management Information Systems, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/9e71d285755237227e69ca90cb75eda7dc0bc658

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In Management Information Systems

In Organizational Behavior and Human Resource Management

Citations in the corpus

Founding Teams as Carriers of Competing Logics (2014, background): “Prior research has shown that local banks are frequently formed in the United States in response to acquisitions of community banks by larger banks, especially those from outside the local area (Marquis and Lounsbury, 2007).”
Bridging Institutional Entrepreneurship and the Creation of New Organizational Forms: A Multilevel Model (2011, background): “Our study follows Daft and Lewin’s (1993, p. ii) prescription that research on new organizational forms should be “characterized by midrange theory and method, grounded research, and research that does not presume to test hypotheses empirically.””
The Role of Analogy in the Institutionalization of Sustainability Reporting (2010, background): “When multiple competing logics are present, the temporal shift from technical to symbolic rationality might not play out as canonically prescribed (Lounsbury 2007).”
How Firms Respond to Mandatory Information Disclosure (2012, positive): “Recent studies have found evidence that organizational responses to institutional pressures are moderated by organizational structure (Delmas and Toffel, 2008; Okhmatovskiy and David, 2011), location (Lounsbury 2007), marginal operating costs, and perceived benefits (Chatterji and Toffel, 2010).”
Community Isomorphism and Corporate Social Action (2007, background): “But more recent investigations such as those by Galaskiewicz (1997) and Marquis (2003, Marquis & Lounsbury, 2007) illustrate that even in very recent times local social-normative systems continue to be an important consideration in understanding corporate behavior.”
The logics of budgeting: theorization and practice variation in the educational field (2012, background): “…address the first research lacunae by focusing upon micro practices of institutional change (Powell, 2008) and accounting at a processual level in the context of broader shifting institutional logics (Lounsbury, 2007; Reay & (Bob) Hinings, 2005; Reay & Hinings, 2009; Thornton & Ocasio, 1999, 2008).”
The Multiplicity of Institutional Logics and the Heterogeneity of Organizational Responses (2010, background): “Studies have linked logics with a wide range of practices, including executive succession and compensation (Thornton and Ocasio 1999, Zajac and Westphal 2004), career structures (Stovel and Savage 2006), organizational forms (Haveman and Rao 1997), social responsibility (Lounsbury 2007), technologic”
Moving Institutional Logics Forward: Emotion and Meaningful Material Practice (2018, background): “…out, the financiers who developed the originary Boston “trustee” model not only identified with the “pedigree and propriety” of the Boston Brahmins, they exhibited “an almost religious disgust for the more exuberant display of wealth” associated with New York financiers (Lounsbury, 2007, pp. 3–4).”
Framing Controversial Actions: Regulatory Focus, Source Credibility, and Stock Market Reaction to Poison Pill Adoption (2014, background): “This issue would appear to be particularly salient in situations in which organizational actions are potentially ambiguous, such as with the adoption of a controversial practice that involves active contestation and conflicting rationales (e.g., Fiss & Zajac, 2004; Lounsbury, 2007).”
Transnational private governance between the logics of empowerment and control (2015, result): “…logic in an emerging field (Dingwerth & Pattberg 2009), we find that competing, problemoriented logics affect the evolving rules and practices of private governance, a pattern consistent with recent work on institutional and organizational change (e.g. Schneiberg & Soule 2005; Lounsbury 2007).”
Strategy and commitments to institutional logics: Organizational heterogeneity in business models and governance (2016, background): “During the last decade, the institutional literature has shown that organizations operate in pluralistic environments, characterized by multiple, competing, and often contradictory institutional logics (Dunn and Jones, 2010; Greenwood et al., 2010; Lounsbury, 2007).”
WHICH IRON CAGE? ENDO- AND EXOISOMORPHISM IN CORPORATE VENTURE CAPITAL PROGRAMS (2012, background): “The few current empirical studies proposed context-specific, “situational” conditions influencing the choice of logic, such as type of mutual fund (Lounsbury, 2007) or market concentration (Marquis & Lounsbury, 2007).”
The Behavioral Theory of the Firm: Assessment and Prospects (2012, background): “The consequences of institutional logics on organizational attention were further elaborated by Lounsbury ( 2007 ) in an examination of the interplay between competing logics and practice variation in mutual funds.”
Acquisitions As Exaptation: The Legacy of Founding Institutions in the U.S. Commercial Banking Industry (2010, positive): “…mobilized by the Grange 1442 DecemberAcademy of Management Journal (Schneiberg et al., 2008), (2) the presence of actors that identified with agrarian values (Marquis & Huang, 2009; Marquis & Lounsbury, 2007), and (3) popular opinion aligned with Progressivism (Haveman, Rao, & Paruchuri, 2007).”
The Rise of Socially Responsible Investment Funds: The Paradoxical Role of the Financial Logic (2019, background): “…which reflects the confounding effects of fund failures and societal conditions in previous years, and also better than assets under management, which reflects founding success (Marquis and Lounsbury, 2007) and consumer demand for SRI instead of entrepreneurial activity—the subject of this study.”
New Practice Creation: An Institutional Perspective on Innovation (2007, background): “While the industry was dominated by Boston trustee funds up until the 1950s, the influx of new funds beginning in the 1950s, and especially the creation of growth funds, were driven by the New York financial community (Lounsbury 2007).”
Hidden Badge of Honor: How Contextual Distinctiveness Affects Category Promotion among Certified B Corporations (2017, background): “From a basic categories perspective, physical (i.e., regions, cities) (Lounsbury, 2007; Marquis, Davis, & Glynn, 2011) and virtual (i.e., industries, fields, professions) contexts (Greenwood, Suddaby, & Hinings, 2002; Micelotta & Raynard, 2011) are two important vectors that have been shown to…”