The stigmatization and devaluation of elites associated with corporate failures: A process model

Batia M. Wiesenfeld; Kurt A. Wurthmann; Donald C. Hambrick

doi:10.5465/AMR.2008.27752771

The stigmatization and devaluation of elites associated with corporate failures: A process model

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

Management and Organization

Research output: Contribution to journal › Article › peer-review

320 Scopus citations

Abstract

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 constituentminded 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. Copyright of the Academy of Management, all rights reserved.

Original language	English (US)
Pages (from-to)	231-251
Number of pages	21
Journal	Academy of Management Review
Volume	33
Issue number	1
DOIs	https://doi.org/10.5465/AMR.2008.27752771
State	Published - Jan 2008

All Science Journal Classification (ASJC) codes

General Business, Management and Accounting
Strategy and Management
Management of Technology and Innovation

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10.5465/AMR.2008.27752771

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The stigmatization and devaluation of elites associated with corporate failures: A process model

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All Science Journal Classification (ASJC) codes

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