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Dupin L, Wang T, Wezel F. Designing and aligning interprofessional relations: third party ties and partnership formation in the silk industry of 18th century lyon. ORGANIZATION STUDIES 2022. [DOI: 10.1177/01708406221089606] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 11/16/2022]
Abstract
New occupations are pervasive and constantly alter fields. This paper studies how occupational newcomers and dominant incumbents confront the opportunities and constraints of field-level uncertainty by engaging in interprofessional coalition building. Using resource dependence theory to ground our arguments, we highlight that this type of uncertainty makes third party ties the channel through which mutual dependence is assessed and power imbalance is regulated. We also claim that when dominant incumbents perceive field-level uncertainty around a new occupation, ties that regulate power imbalance overshadow mutual dependence considerations. Conversely, once occupational boundaries and norms are established through professionalization, the difference across types of third party ties declines. Empirically, the paper uses the case of silk designers emerging as an independent occupation adjacent to the 18th century silk guild in Lyon. Using archival data of 676 silk designers (1700-1788), we test the role of third party ties in affecting the likelihood of a partnership forming between a designer and a merchant.
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Affiliation(s)
- Laura Dupin
- Amsterdam Business School, University of Amsterdam
| | - Tao Wang
- Graduate School of Economics, Kyoto University
| | - Filippo Wezel
- Institute of Management and Organization, Università della Svizzera italiana
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Casasnovas G. When States Build Markets: Policy Support as a Double-edged Sword in the UK Social Investment Market. ORGANIZATION STUDIES 2022. [DOI: 10.1177/01708406221080133] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 11/15/2022]
Abstract
Markets are the outcomes of political and institutional struggles where policy support plays a major role, but research to date falls short in explaining how the breadth of available interventions can have contradictory effects on the process of market formation. This article explores the consequences of policy support in the context of the nascent UK social investment market, between 2000 and 2015, when the government was a key actor in building the market infrastructure. I track the effects of a portfolio of policy interventions, including new regulation, direct investment, and convening efforts. I show that, while policy support stimulated the market by driving supply and intermediation, it also led to an increase in contestation from the social sector. I link those intended and unintended consequences to the top-down features of the policy support (supporting the dominant logic, reinforcing hierarchical relations, and optimistic rhetoric), hence showing when and how policy support can become a double-edged sword. The article contributes to the literature on policy support in market formation by showing the mechanisms through which top-down policy interventions can have important unintended consequences, especially when shaping the boundaries and features of markets that emerge at the intersection of financial and social sectors.
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