Good fences make good neighbors: An institutional explanation of industry self-regulation

Barnett, Michael L. (2006) Good fences make good neighbors: An institutional explanation of industry self-regulation. In: Academy of Management Conference, August 2006, Atlanta, Georgia.

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Abstract

We extend theories of self-regulation of physical commons to analyze self-regulation of intangible commons in modern industry. We posit that when the action of one firm can cause spillover harm to others, firms share a type of commons. We theorize that the need to protect this commons can motivate the formation of a self-regulatory institution. Using data from the US chemical industry, we find that spillover harm from industrial accidents increased after a major industry crisis and decreased following the formation of a new institution. Additionally, our findings suggest that the institution lessened spillovers from participants to the broader industry.

Item Type: Conference or Workshop Item (Paper)
Keywords: Institutions; Industry self-regulation; Commons problems; Cooperative strategy
Subject(s): Strategy; Entrepreneurship & Global business
Centre: Faculty of Strategy, Entrepreneurship and International Business
Date Deposited: 20 Mar 2012 19:51
Last Modified: 23 Oct 2015 14:06
URI: http://eureka.sbs.ox.ac.uk/id/eprint/2322

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