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Journal ArticleDOI

Toward a role-theoretic conception of embeddedness

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TLDR
The authors construct a repeated game model in which the players are not individuals but roles (a profit-maximizing "businessperson" and a non-strategic "friend", and the businessperson role acts strategically in light of a metatule that governs intrapersonal role switching.
Abstract
Attempting to formalize Granovetter's embeddedness argument, rational choice theorists have viewed social relationships as repeated games. This article argues that role theory would provide a better metatheoretical perspective on embeddedness. A preliminary sketch of role theory suggests a promising theoretical methodology. To illustrate, I construct a repeated‐game model in which the players are not individuals but roles (a profit‐maximizing “businessperson” and nonstrategic “friend”); the businessperson role acts strategically in light of a metatule that governs intrapersonal role switching.

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Citations
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The Network Paradigm in Organizational Research: A Review and Typology

TL;DR: This paper reviewed and analyzed the emerging network paradigm in organizational research and developed a set of dimensions along which network studies vary, including direction of causality, levels of analysis, explanatory goals, and explanatory mechanisms.
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Embeddedness in the making of financial capital : How social relations and networks benefit firms seeking financing

TL;DR: In this article, the authors investigated how social embeddedness affects an organization's acquisition and cost of financial capital in middle-market banking and developed a framework to explain how embeddedness can influence which firms get capital and at what cost.
Journal ArticleDOI

Collaboration and Creativity: The Small World Problem 1

TL;DR: In this paper, the authors analyzed the small world network of the creative artists who made Broadway musicals from 1945 to 1989 and found that the varying "small world" properties of the systemic level network of these artists affected their creativity in terms of the financial and artistic performance of the musicals they produced.
Journal ArticleDOI

Opportunism in Interfirm Relationships: Forms, Outcomes, and Solutions

TL;DR: In this paper, the authors review the original and emergent conceptualizations of opportunism and illustrate them using actual industry cases and develop a conceptual framework of governance strategies that can be used to manage different forms of opportunisms.
Journal ArticleDOI

Relational Embeddedness and Learning: The Case of Bank Loan Managers and Their Clients

TL;DR: Findings indicate that learning is located not only in actors' cognitions or past experiences, but also in relations among actors, and that viewing learning as a social process helps solve problems regarding knowledge transfer and learning in markets.
References
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Journal ArticleDOI

Social Capital in the Creation of Human Capital

TL;DR: In this paper, the concept of social capital is introduced and illustrated, its forms are described, the social structural conditions under which it arises are examined, and it is used in an analys...
Journal ArticleDOI

Economic Action and Social Structure: The Problem of Embeddedness

TL;DR: In this article, the extent to which economic action is embedded in structures of social relations, in modern industrial society, is examined, and it is argued that reformist economists who attempt to bring social structure back in do so in the "oversocialized" way criticized by Dennis Wrong.
Book

Exchange and Power in Social Life

Peter M. Blau
TL;DR: In a seminal work as discussed by the authors, Peter M. Blau used concepts of exchange, reciprocity, imbalance, and power to examine social life and to derive the more complex processes in social structure from the simpler ones.
Journal ArticleDOI

Social Structure and Competition in Interfirm Networks: The Paradox of Embeddedness

TL;DR: In this article, the authors develop one of perhaps multiple specifications of embeddedness, a concept that has been used to refer broadly to the contingent nature of economic action with respect to cognition, social structure, institutions, and culture.