Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation
Although the field of organizational legitimacy is undergoing great advances, academics are still facing the challenge of its measurement. Currently, academics are focusing on improving and homogenizing legitimacy measurement systems at the micro level. However, measuring legitimacy at the macro lev...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2021-02-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/7/1/53 |
| _version_ | 1797423155520733184 |
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| author | Adrián López-Balboa Alicia Blanco-González Francisco Díez-Martín Camilo Prado-Román |
| author_facet | Adrián López-Balboa Alicia Blanco-González Francisco Díez-Martín Camilo Prado-Román |
| author_sort | Adrián López-Balboa |
| collection | DOAJ |
| description | Although the field of organizational legitimacy is undergoing great advances, academics are still facing the challenge of its measurement. Currently, academics are focusing on improving and homogenizing legitimacy measurement systems at the micro level. However, measuring legitimacy at the macro level has not evolved according to the needs and possibilities provided by new technologies. This research aims to develop a new methodology to measure organizational legitimacy at the macro level, capable of processing large amounts of information. To this end, an analysis of the news content of the 50 companies that make up the EuroStoxx50 has been conducted for a full year. By doing so, we make three key contributions to managing organizational legitimacy. First, we provide a more complete and reliable measurement of organizational legitimacy thanks to mass information processing techniques, providing a technology-based solution to the obsolescence problem of legitimacy evaluation models at the macro level. Second, we provide empirical evidence of the relationship between legitimacy and organizational success based on the analysis of mass information. Third, we show evidence that a bias is introduced in the measurement of legitimacy due to the use of different sources for this purpose. |
| first_indexed | 2024-03-09T07:43:24Z |
| format | Article |
| id | doaj.art-8c67bc6fc9764df0a85e7dfbfacaed15 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-09T07:43:24Z |
| publishDate | 2021-02-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-8c67bc6fc9764df0a85e7dfbfacaed152023-12-03T04:18:44ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312021-02-017535310.3390/joitmc7010053Macro Level Measuring of Organization Legitimacy: Its Implication for Open InnovationAdrián López-Balboa0Alicia Blanco-González1Francisco Díez-Martín2Camilo Prado-Román3Business Administration Department, Rey Juan Carlos University, 28032 Madrid, SpainBusiness Administration Department, Rey Juan Carlos University, 28032 Madrid, SpainBusiness Administration Department, Rey Juan Carlos University, 28032 Madrid, SpainBusiness Administration Department, Rey Juan Carlos University, 28032 Madrid, SpainAlthough the field of organizational legitimacy is undergoing great advances, academics are still facing the challenge of its measurement. Currently, academics are focusing on improving and homogenizing legitimacy measurement systems at the micro level. However, measuring legitimacy at the macro level has not evolved according to the needs and possibilities provided by new technologies. This research aims to develop a new methodology to measure organizational legitimacy at the macro level, capable of processing large amounts of information. To this end, an analysis of the news content of the 50 companies that make up the EuroStoxx50 has been conducted for a full year. By doing so, we make three key contributions to managing organizational legitimacy. First, we provide a more complete and reliable measurement of organizational legitimacy thanks to mass information processing techniques, providing a technology-based solution to the obsolescence problem of legitimacy evaluation models at the macro level. Second, we provide empirical evidence of the relationship between legitimacy and organizational success based on the analysis of mass information. Third, we show evidence that a bias is introduced in the measurement of legitimacy due to the use of different sources for this purpose.https://www.mdpi.com/2199-8531/7/1/53legitimacymedianews aggregator |
| spellingShingle | Adrián López-Balboa Alicia Blanco-González Francisco Díez-Martín Camilo Prado-Román Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation Journal of Open Innovation: Technology, Market and Complexity legitimacy media news aggregator |
| title | Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation |
| title_full | Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation |
| title_fullStr | Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation |
| title_full_unstemmed | Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation |
| title_short | Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation |
| title_sort | macro level measuring of organization legitimacy its implication for open innovation |
| topic | legitimacy media news aggregator |
| url | https://www.mdpi.com/2199-8531/7/1/53 |
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