Look at me: Overt status-seeking behavior and competitive emergence among securities analysts

Anne H. Bowers, Henrich R. Greve, Hitoshi Mitsuhashi

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Using data from securities analysts, who are awarded status by the thirdparty organization Institutional Investor magazine, we examine the emergence of competition and articulate a model of competitive response among actors aware of the importance of status and some of the dimensions on which it may be gained. We predict analysts' initiating or ceasing coverage of stocks in response to other analysts initiating coverage on stocks they cover. We find that competition can emerge because of status seeking rather than as a response to own capabilities or market needs, with compelling, and potentially negative, market implications for overt status seeking.

Original languageEnglish
Pages (from-to)351-382
Number of pages32
JournalResearch in the Sociology of Organizations
Volume50
DOIs
Publication statusPublished - 2017

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coverage
market
magazine
investor
organization
Status-seeking
Security analysts
Analyst coverage
Institutional investors
Competitive response
Analysts

Keywords

  • Attention
  • Competitive emergence
  • Competitive responses
  • Securities analysts
  • Status-seeking behavior

ASJC Scopus subject areas

  • Sociology and Political Science
  • Organizational Behavior and Human Resource Management

Cite this

Look at me : Overt status-seeking behavior and competitive emergence among securities analysts. / Bowers, Anne H.; Greve, Henrich R.; Mitsuhashi, Hitoshi.

In: Research in the Sociology of Organizations, Vol. 50, 2017, p. 351-382.

Research output: Contribution to journalArticle

Bowers, Anne H. ; Greve, Henrich R. ; Mitsuhashi, Hitoshi. / Look at me : Overt status-seeking behavior and competitive emergence among securities analysts. In: Research in the Sociology of Organizations. 2017 ; Vol. 50. pp. 351-382.
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