HCBE Faculty Articles

Title

The Stigmatization and Devaluation of Elites Associated with Corporate Failures: A Process Model

Document Type

Article

Date

1-2008

Publication Title

Academy of Management Review

ISSN or ISBN

0363-7425

Volume

33

Issue

1

First Page

231

Last Page

251

Description

We develop a model to explain the process by which corporate failure leads to professional devaluation of individual elites. We envision that corporate failure evokes a stigmatization process, in which society's arbiters engage in constituent-minded sensemaking to interpret the conditions surrounding the failure, including the characteristics of the individual elite, and arrive at judgments about the person's blameworthiness. We discuss implications of this research for the study of stigma and stigmatization, as well as "settling-up" in managerial labor markets.

DOI

10.5465/AMR.2008.27752771

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