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.Full text not available from this repository.
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|
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