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STIGMATIZATION AND DEVALUATION OF ELITES ASSOCIATED WITH CORPORATE FAILURES: AN ENHANCED MODEL OF "SETTLING UP".

2004; Academy of Management; Volume: 2004; Issue: 1 Linguagem: Inglês

10.5465/ambpp.2004.13857669

2376-7197

Batia M. Wiesenfeld, Kurt Wurthmann, Donald C. Hambrick,

Employment and Welfare Studies

Academy of Management Annual Meeting Proceedings includes abstracts of all papers and symposia presented at the annual conference, plus 6-page abridged versions of the “Best Papers” accepted for inclusion in the program (approximately 10%). Papers published in the Proceedings are abridged because presenting papers at their full length could preclude subsequent journal publication. Please contact the author(s) directly for the full papers. ArticlesSTIGMATIZATION AND DEVALUATION OF ELITES ASSOCIATED WITH CORPORATE FAILURES: AN ENHANCED MODEL OF "SETTLING UP".BATIA M. WIESENFELD, KURT WURTHMANN and DONALD C. HAMBRICKBATIA M. WIESENFELD, KURT WURTHMANN and DONALD C. HAMBRICKPublished Online:13 Dec 2017https://doi.org/10.5465/ambpp.2004.13857669AboutSectionsPDF/EPUB ToolsDownload CitationsAdd to favoritesTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail AbstractWe develop a theoretical model for explaining the amount of professional devaluation, or "settling up" (Fama, 1980), that a corporate elite member--an executive or director--will face following his or her association with a firm failure. Failure evokes a stigmatization process, whereby opinion-shapers assign blame and discredit the person's professional identity. The greater the stigmatization, the more unwilling companies will be to have an association with the person, and the greater the professional devaluation. The amount of stigmatization the person encounters is shaped by four factors: 1) indicators of the person's responsibility for the failure; 2) cognitive biases, which may exacerbate the assignment of blame; 3) emotional processes in assigning blame; and 4) the amount of social capital the person possesses.FiguresReferencesRelatedDetails Vol. 2004, No. 1 Permissions Metrics in the past 12 months History Published online 13 December 2017 Published in print 1 August 2004 InformationCopyright of Academy of Management Journal is the property of Academy of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder’s express written permission. However, users may print, download, or email articles for individual use.KeywordsBUSINESS failuresFAILURE (Psychology)EXECUTIVESSTIGMA (Social psychology)INDUSTRIAL managementPROFESSIONAL identityEXECUTIVES -- Social aspectsOCCUPATIONAL prestigeOCCUPATIONAL rolesPROFESSIONAL socializationDownload PDF