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Embeddedness

About: Embeddedness is a research topic. Over the lifetime, 4773 publications have been published within this topic receiving 229721 citations.


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TL;DR: In the context of the financialization of the global economy, and the importance of financial elites (see Savage and Williams in this volume) the role of central banks has become particularly important.
Abstract: In the context of the financialization of the global economy, and the importance of financial elites (see Savage and Williams in this volume) the role of central banks has become particularly important. The financial crisis of August– September 2007, (the ‘sub-prime mortgage crisis’) has given a new illustration of the growing functional importance of these central banks, which are in charge of monetary and financial stability through their particular daily interventions on the markets. As ‘lenders of last resort’ in case of declining confidence between banks or financial actors and, more generally, ‘custodians of monetary stability’ as they are often described, central bankers determine the general level of confidence in the set of monetary and financial instruments which have developed in recent years, and contribute highly to the production of macroeconomic decisions, and financial dynamics. Behind the opaque walls of central banks, well known to be very secretive institutions, particular social agents appear to be a new economic and political elite. Their role, action and beliefs have become determinant for the reproduction of the economic and social order as a whole. This specific ‘financial’ elite is related to the state bureaucracy (from which it frequently emanates), to the political field and to the dominant actors of the financial markets. In Europe, the creation of the European Central Bank (ECB) has objectified this process by putting the so-called ‘independent’ governing council of the ECB at the centre of monetary policy but also of macroeconomic policy in general. In the very recent period, European central bankers have been put under political pressure by French politicians, condemning the high level of interest rates and above all the over-evaluation of the Euro, resulting from the specific actions of the ECB. In this situation, knowledge of the social trajectories which lead to the position of central banker in different parts of the world is a first step to understanding the social reality behind the emergence of these new global elites. It will help for example to determine the degree of homogeneity of this group and its internal structures; this knowledge will also give an understanding of the social ‘embeddedness’ of monetary and macroeconomic decisions, otherwise seen as structural macro-conditions without any social content. In this sense, the sociology of central bankers is a specific contribution to economic sociol-

63 citations

Journal ArticleDOI
TL;DR: In this paper, the authors argue for the emotional embeddedness of the entrepreneurial act as a moderator of its social embeddedness, and propose the study of entrepreneurial affect as an element of the social-emotional interaction between the entrepreneur and others influenced by the entrepreneurial process.
Abstract: This paper argues for the emotional embeddedness of the entrepreneurial act as a moderator of its social embeddedness Building on the theoretical grounds of the sociology of emotions, we propose the study of entrepreneurial affect as an element of the social-emotional interaction between the entrepreneur and others influenced by the entrepreneurial process The empirical context of corporate entrepreneurship is used to illustrate how the emotion cycle around the entrepreneurial act, involving the emotions of corporate entrepreneurs and others, indicates the emotional embeddedness of the latter The emergence of envy towards members of two venturing programs is used to exemplify low levels of emotional and consequently social embeddedness

63 citations

Journal ArticleDOI
TL;DR: This article applied an embeddedness perspective to data collected from group interviews in four rural Wisconsin communities, focusing on interpretations of local economic conditions and changes and on the consequences of these changes for family well-being and activities.

63 citations

Journal ArticleDOI
TL;DR: This paper examined the impact of individual embeddedness and motivation of expatriates on tacit knowledge acquisition by Chinese firms through joint ventures, and found that individual embedness and recipient-side variables such as recipient's collaborativeness, its readiness, and the comprehensiveness of its acquisition methods played critical roles in the successful acquisition of tacit knowledge.
Abstract: The This study examines the impact of ‘supplier-side individual level’ factors pertaining to foreign expatriates, e.g., individual embeddedness and motivation, as well as a number of recipient-side variables, on tacit knowledge acquisition by Chinese firms through joint ventures. Results indicate that individual embeddedness of foreign expatriates, and recipient-side variables such as recipient’s collaborativeness, its readiness, and the comprehensiveness of its acquisition methods play critical roles in the successful acquisition of tacit knowledge.

63 citations

01 Jan 2004
TL;DR: In this paper, Parkhe et al. analyzed the effect of inter-organisational diversity on the success of higher education consortia and explored the ways in which the management of these consorties can improve the levels of complementarity and compatibility.
Abstract: As a response to processes of globalisation and regional integration, internationalisation activities in universities have changed. Flows have become more massive, the range of activities has broadened, and internationalisation has shifted from a marginal activity to a central institutional issue with strategic importance. These shifts can also be observed in international cooperation among universities. One of the manifestations of this shift is the increase and change of inter­ organisational arrangements in higher education. One type of such arrangements – higher education consortia – (a term that will be further defined in the paper) are analysed in detail in the study. This analysis takes inter-organisational diversity as a starting point (Parkhe, 1991). The basic thesis is that partners need to be similar, yet different, or in other words, there needs to be sufficient complementarity as well as sufficient compatibility among the participating universities. This thesis is based on two different perspectives on universities. The Resource Based View (Wernerfelt, 1984; Barney, 1991) argues that organisations cooperate in order to gain access to complementary resources, which they need to achieve a sustainable competitive advantage. Embeddedness theories (e.g. Zukin and DiMaggio, 1990) and institutional theories (e.g. Uzzi, 1997; Scott, 1995) argue that organisations are embedded in and shaped by their (national) institutional context. From this viewpoint, cooperation between partners will be hindered if such institutional backgrounds are incompatible with each other. It is argued that consortia which show a high level of both complementarity and compatibility, will be most successful. Also the paper explores the ways in which the management of consortia can improve the levels of complementarity and compatibility.

63 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20241
2023364
2022778
2021280
2020258
2019280