The Role of Legitimacy for the Survival of New Firms

2012 ◽  
pp. 2014-2052
Author(s):  
Richard S Brown
Keyword(s):  
Author(s):  
Swethaa S. Ballakrishnen

This chapter explores the role of institutional novelty in moderating the experience of gender. It shows how the emergence of the Indian elite law firm has been uniquely shaped by the newness of the work and the organizational structure — as well as a new, neoliberal workforce not found in other professional firms of similar status. As new firms doing new work, these elite law firms are indeed advantaged by being able to escape strong preconceived notions of work and identity. In addition, the newness of the law schools that socialize these firms' workers contribute to the firms' multi-layered advantage, an advantage not enjoyed by other firms that are similarly structured by globalization but that draw their workforce from more long-established educational institutions. Ultimately, the chapter demonstrates how globalization and class come together to renegotiate traditional assumptions of gender and the framework of an ideal worker. It argues that the gender outcomes in these firms result not from a movement for gender equality, but instead from the emergence of the Indian law firm as a new site of high-prestige global labor.


2012 ◽  
Vol 18 (3) ◽  
pp. 412-427 ◽  
Author(s):  
Richard S Brown

AbstractUsing a content analysis on a sample of 77 internet companies that went public in the late 1990s, this paper tested the factors surrounding the legitimacy of new firms in a turbulent environment. Support was found for most of the hypotheses as to which factors were legitimating and which had the opposite effect. Legitimating factors included CEO Duality and Alliance inclusion while delegitimating factors included Capital Raising, Acquisitions, Restructuring, Delisting and Geographic Diversification. This paper adds to the theoretical issues surrounding legitimacy as a precursor to reputation. At the same time, this work fills a gap in the literature which currently lacks empirical testing of the notion of legitimacy.


Author(s):  
David Smalibone

DAVID SMALIBONE IS A SENIOR LECTURER IN the school of Geography and planning at Middlsex Polytechnic, Engalnad,with urrentresearch interest in enterprise agaencies, new business and adjusttment processes in nature small frims. this paer aims to ccontribute to knowlede of the charctersitics nd problems of new firms through a lngtudiinal study of a group ofo new business helped tostart by a loca lenterpriise eagency, a unique British organisatiion which provides free or low-cost advice andsupport to young firm and which are themselves funded by laarge local business and local authorities. The characteristics of survving andfaled businesses are described, together wiith theproblems faced in the itnitial trading periodl. the role of external agencies n provding continued support aftr start upsi also discussed breifly. Apart from contributing to a more informed assesment of the recent grwth in the number of new business and self-employed, the paer outlines smeimplcation of the findings for improving the qualty of new business starts.


2018 ◽  
Author(s):  
C. Jara Figueroa ◽  
Bogang Jun ◽  
Edward Glaeser ◽  
César Hidalgo
Keyword(s):  

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vi Dung Ngo ◽  
Quang Evansluong ◽  
Frank Janssen ◽  
Duc Khuong Nguyen

PurposeThis article aims to clarify the role of social capital and social capital inequality embedded in bank ties in enabling and diversifying new firms' debt use.Design/methodology/approachThe study adopts a quantitative method, using an unbalanced longitudinal dataset covering three years–2011, 2013 and 2015–from a project on small manufacturing enterprises in Vietnam. The sample consists of 513 firm-year observations.FindingsNetwork extensity and network mobilisation increase new firms' debt use. Differences in ascribed and attained social statuses (i.e. gender, generation, business association membership and political affiliation) result in social capital inequality between entrepreneurs. Entrepreneurs who are of a younger generation, have higher levels of education and are not members of the Communist Party benefit less from social capital than those who are older, have less education and are party members.Originality/valueThe effects of access to and the use of the social capital embedded in bank ties on new firms' debt use are both studied. The sources of social capital inequality are investigated at the individual level through distinguishing ascribed and attained social statuses and explained by two mechanisms: capital deficit and return deficit. The moderating effects of social capital inequality are also examined.


Innovation ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 228-249
Author(s):  
Marit Breivik-Meyer ◽  
Marianne Arntzen-Nordqvist ◽  
Gry Agnete Alsos

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