Peer interaction and pioneering organizational form adoption : A tale of the first two for-profit stock exchanges
Cheung, Z., Gustafsson, R., & Nykvist, R. (2021). Peer interaction and pioneering organizational form adoption : A tale of the first two for-profit stock exchanges. Organization Studies, In press. https://doi.org/10.1177/01708406211024570
Published inOrganization Studies
© SAGE Publications, 2021
Building on a historical case study on the first two stock exchanges to adopt the now globally dominant for-profit organizational form, the Stockholm Stock Exchange in 1993 and the Helsinki Stock Exchange in 1995, we argue that interaction among socially proximate peers contributes to pioneering organizational form adoption within an industry, particularly when such forms are introduced by established organizations. Peer interaction can induce a search for technically efficient organizational forms through the sharing of collective experiences, the establishment of collective assumptions, and a joint search for solutions. Together, these factors contribute to the legitimization of novel organizational forms in the local setting before the adoption of the first instantiation of those forms. We propose a context-sensitive multilevel model of peer-interaction-induced pioneering organizational form adoption that considers shared macro environmental drivers, idiosyncratic local environmental drivers, and peer interaction as central social mediators between the two. ...
organizational form theoretical perspectives institutional theory comparative capitalism comparative institutional analysis national innovation systems research design and data collection historical longitudinal qualitative institutionalismi organisaatioteoriat organisaatiotutkimus organisaatiomuutokset vertaileva tutkimus pitkittäistutkimus pörssit innovaatiojärjestelmät
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- Kauppakorkeakoulu 
Additional information about fundingFoundation, and the Digital Disruption of Industry project that the Strategic Research Council [grant 292889] of Finland funded
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