Work

Good Fences Make Good Neighbors: A Longitudinal Analysis of an Industry Self-Regulatory Institution

Year: 2008

Type: article

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 U.S. 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.

Source: Academy of Management Journal

DOI: 10.5465/amj.2008.35732609

Authors: Michael L. Barnett, Andrew A. King

Institutions: Rutgers, The State University of New Jersey, University of South Florida, Dartmouth College, Boston University

Language: English

Topic: Regulation and Compliance Studies

Subfield: Public Administration

Field: Social Sciences

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W1966838602

FWCI: 23.1

Cites: 89

Cited by: 432

Related to: 10