Final published version
Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review
Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review
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TY - CONF
T1 - Who can start a stock exchange? Silent legitimacy, mundane materiality and the genesis of markets
AU - Roscoe, Philip
AU - Mason, Katy
N1 - Publisher Copyright: © 80th Annual Meeting of the Academy of Management 2020: Understanding the Inclusive Organization, AoM 2020. All rights reserved.
PY - 2020
Y1 - 2020
N2 - This study considers 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, 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, we argue that the markets-as-institutions literature can be strengthened through attention to the mundane material dimensions of institutional fields.
AB - This study considers 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, 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, we argue that the markets-as-institutions literature can be strengthened through attention to the mundane material dimensions of institutional fields.
UR - http://www.scopus.com/inward/record.url?scp=85102977457&partnerID=8YFLogxK
U2 - 10.5465/AMBPP.2020.111
DO - 10.5465/AMBPP.2020.111
M3 - Conference paper
AN - SCOPUS:85102977457
T2 - 80th Annual Meeting of the Academy of Management 2020: Understanding the Inclusive Organization, AoM 2020
Y2 - 7 August 2020 through 11 August 2020
ER -