To read this content please select one of the options below:

Look at Me: Overt Status-Seeking Behavior and Competitive Emergence among Securities Analysts


ISBN: 978-1-78635-915-5, eISBN: 978-1-78635-914-8

Publication date: 24 March 2017


Using data from securities analysts, who are awarded status by the third-party organization Institutional Investor magazine, we examine the emergence of competition and articulate a model of competitive response among actors aware of the importance of status and some of the dimensions on which it may be gained. We predict analysts’ initiating or ceasing coverage of stocks in response to other analysts initiating coverage on stocks they cover. We find that competition can emerge because of status seeking rather than as a response to own capabilities or market needs, with compelling, and potentially negative, market implications for overt status seeking.




We are grateful for comments from Marc-David Seidel, and for much developmental help from Joel A. C. Baum. The research of the first author was supported by a Social Sciences and Humanities Research Council of Canada Insight Development Grant. The research of the third author was supported by the Japan Society for the Promotion of Science KAKENHI Grant Number 25285121.


Bowers, A.H., Greve, H.R. and Mitsuhashi, H. (2017), "Look at Me: Overt Status-Seeking Behavior and Competitive Emergence among Securities Analysts", Emergence (Research in the Sociology of Organizations, Vol. 50), Emerald Publishing Limited, Bingley, pp. 351-382.



Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited