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Who can start a stock exchange?: Silent legitimacy, mundane materiality and the genesis of markets

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Who can start a stock exchange? Silent legitimacy, mundane materiality and the genesis of markets. / Roscoe, Philip; Mason, Katy.
2020. Paper presented at AoM 2020.

Research output: Contribution to conference - Without ISBN/ISSN Conference paperpeer-review

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Roscoe P, Mason K. Who can start a stock exchange? Silent legitimacy, mundane materiality and the genesis of markets. 2020. Paper presented at AoM 2020. doi: https://doi.org/10.5465/AMBPP.2020.111

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@conference{f2f75dd676634687ae18f3cc858254b9,
title = "Who can start a stock exchange?: Silent legitimacy, mundane materiality and the genesis of markets",
abstract = "This study presents an account of the genesis and development of two stock markets established in London in 1995. It draws on elite interviews and documentary sources to explore how the founders of these markets sought to legitimize them as stable and durable venues for security trade. The study uses insights from the STS-inflected study of markets to present an account of legitimacy as embedded in taken-for-granted socio-material structures. We term this phenomenon {\textquoteleft}silent legitimacy{\textquoteright}. Contributing to a nascent {\textquoteleft}material turn{\textquoteright} in institutional theory, the study argues that the markets-as-institutions literature can be strengthened through theoretical engagement with the market-studies literature and empirical attention to the mundane material dimensions of institutional fields.",
keywords = "Market Studies, Materiality, Silent legitimacy, Performativity",
author = "Philip Roscoe and Katy Mason",
year = "2020",
month = jul,
day = "29",
doi = "https://doi.org/10.5465/AMBPP.2020.111",
language = "English",
note = "AoM 2020, AoM 2020 ; Conference date: 07-08-2020 Through 11-08-2020",
url = "https://aom2020.aom.org/",

}

RIS

TY - CONF

T1 - Who can start a stock exchange?

T2 - AoM 2020

AU - Roscoe, Philip

AU - Mason, Katy

PY - 2020/7/29

Y1 - 2020/7/29

N2 - This study presents an account of the genesis and development of two stock markets established in London in 1995. It draws on elite interviews and documentary sources to explore how the founders of these markets sought to legitimize them as stable and durable venues for security trade. The study uses insights from the STS-inflected study of markets to present an account of legitimacy as embedded in taken-for-granted socio-material structures. We term this phenomenon ‘silent legitimacy’. Contributing to a nascent ‘material turn’ in institutional theory, the study argues that the markets-as-institutions literature can be strengthened through theoretical engagement with the market-studies literature and empirical attention to the mundane material dimensions of institutional fields.

AB - This study presents an account of the genesis and development of two stock markets established in London in 1995. It draws on elite interviews and documentary sources to explore how the founders of these markets sought to legitimize them as stable and durable venues for security trade. The study uses insights from the STS-inflected study of markets to present an account of legitimacy as embedded in taken-for-granted socio-material structures. We term this phenomenon ‘silent legitimacy’. Contributing to a nascent ‘material turn’ in institutional theory, the study argues that the markets-as-institutions literature can be strengthened through theoretical engagement with the market-studies literature and empirical attention to the mundane material dimensions of institutional fields.

KW - Market Studies

KW - Materiality

KW - Silent legitimacy

KW - Performativity

U2 - https://doi.org/10.5465/AMBPP.2020.111

DO - https://doi.org/10.5465/AMBPP.2020.111

M3 - Conference paper

Y2 - 7 August 2020 through 11 August 2020

ER -