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Moralized markets are economic markets in which moral aspects are explicitly used to legitimize decisions. Companies involved in such markets have to cope simultaneously with opposing logics: While they strive for economic growth, their existence is bound to their moral integrity, too. This chapter investigates how ecopreneurs manage this inherent conflict of moralized markets. Based on interviews, documentary analysis and sample purchases, an empirical case study highlights the example of well-renowned ecopreneurial dairies distributing their milk via ecologically disreputable discount stores. By looking into the related struggle between moral and economic expectations, the chapter sheds light on one particular coping strategy: The tacit creation and maintenance of separate fields for moral and economic logics. This strategy of fragmentation is referred to as ‘double game.’ The study emanates from competing logics approaches to hybrid organizations by adopting a field theoretical, Bourdieusian perspective. Its explicit focus on opposing logics and on coping strategies that go beyond reconciliation opens up new perspectives for both sustainability and organization studies.

Looks at Arrow’s early background in New York and his subsequent development in the field of econometrics and mathematical economics. Covers his work in depth and his achievements in the school of thought of economics, adding that the modern school of thought is complementary to the classical school.

The purpose of this paper is to explore why, despite the development of a hybrid investing logic, funding problems are so persistent for early-stage Cleantech ventures (“Cleantechs”). An institutional logics lens is adopted to analyze how key actors' perceptions and communications of the Cleantech value proposition shape information asymmetries (IAs).

A mixed methods approach draws on 82 Cleantech pitch decks and 31 investment guidance documents, and insights from interviews with 42 key informants and nine Cleantech CEOs and their investors.

IAs persist, first of all, because key investor and entrepreneurial actors combine different goals in the hybrid Cleantech value proposition. Interestingly, the analysis of Environmental Performance Indicators (EPIs) as a critical communication tool reveals a further mismatch in how actors actually combine logics. The authors ultimately identify three emergent actor roles – traditional laggard, developer and boundary spanner – that present a framework of how the three most influential actor groups develop EPIs and via that a hybrid Cleantech financing logic to overcome IAs.

The paper enhances the entrepreneurial finance literature primarily by showing that in contexts of hybrid investing a more nuanced understanding of institutional logics in terms of ends and means is critical to overcome IAs. While prior works highlight goal incompatibilities, the findings here suggest that the (in-)compatibility of goals as well as EPI choices of the same actors is likely to be the key explanandum for the stickiness of IAs and the funding gap. The novel emerging role framework offers additional theoretical, policy and practical advances for hybrid logic development.

The paper presents a new point of view about the “relevance” concept. The logic of information retrieval is analysed (two‐valued, many‐valued and infinite‐valued logic) and the truth‐value is interpreted as the relevance value. The logical system which seems to be most appropriate to describe the process of information retrieval is the continuous logic suggested by McNoughton. In this case the answer of the information retrieval system is interpreted as a fuzzy set.

The purpose of this paper is to describe imperialist competitive algorithm (ICA), a novel socio-politically inspired optimization strategy for proposing a fuzzy variant of this algorithm. ICA is a meta-heuristic algorithm for dealing with different optimization tasks. The basis of the algorithm is inspired by imperialistic competition. It attempts to present the social policy of imperialisms (referred to empires) to control more countries (referred to colonies) and use their sources. If one empire loses its power, among the others making a competition to take possession of it.

In fuzzy imperialist competitive algorithm (FICA), the colonies have a degree of belonging to their imperialists and the top imperialist, as in fuzzy logic, rather than belonging completely to just one empire therefore the colonies move toward the superior empire and their relevant empires. Simultaneously for balancing the exploration and exploitation abilities of the ICA. The algorithms are used for optimization have shortcoming to deal with accuracy rate and local optimum trap and they need complex tuning procedures. FICA is proposed a way for optimizing convex function with high accuracy and avoiding to trap in local optima rather than using original ICA algorithm by implementing fuzzy logic on it.

Therefore several solution procedures, including ICA, FICA, genetic algorithm, particle swarm optimization, tabu search and simulated annealing optimization algorithm are considered. Finally numerical experiments are carried out to evaluate the effectiveness of models as well as solution procedures. Test results present the suitability of the proposed fuzzy ICA for convex functions with little fluctuations.

The proposed evolutionary algorithm, FICA, can be used in diverse areas of optimization problems where convex functions properties are appeared including, industrial planning, resource allocation, scheduling, decision making, pattern recognition and machine learning (optimization techniques; fuzzy logic; convex functions).

The term “fashion” triggers images of frivolous symbolic production with a particular impact on women, quite a world apart at first sight from high technology and mobile telephony that traditionally tend to be associated with science, rationality and masculinity. Surprisingly, we show in this paper that the field of mobile telephony has, for a number of years now, been impacted and significantly transformed by the transposition of fashion logics. We deconstruct the process of logic transposition, considering key moments and key actors, key modes and mechanisms. The comparison of multiple case studies within the mobile telephony industry also points to the limits of transposition and to varying degrees of hybridization and logic co-habitation. This process of logic transposition is, we argue, profoundly transforming the mobile telephony industry, bringing it closer, on many counts, to “cultural industries”. In the end, we draw a number of theoretical conclusions on logic transposition as an important mechanism of institutional change.

This article explores how social actors negotiate the competing logics they face as a result of their work in organizations subject to institutional complexity. In particular, I theoretically focus on the unique characteristics associated with societal institutional logics, such as religion, family, and the state. Empirically, I analyze religious mutual funds (Catholic, Muslim, and Protestant) in the United States that dwell at the intersection of the competing logics of religion and finance. Through interviews with 31 people who work at religious mutual funds (or fund producers) and content analysis of religious mutual fund material, I focus on the symbolic boundary work that religious fund producers engage in. I find examples of boundary blurring and boundary building and suggest institutional complexity that involves at least one societal logic is especially likely to foster both modes of boundary work. This, I propose, leads to an increased likelihood of enduring institutional complexity.

The purpose of this paper is to explore whether and how Ukrainian scholars recognize and react to a situation of an absence of two major institutional logics of academic writing and publishing, namely the logics of science advancement and personal career promotion and the dominance of the logic of coercive pressures to publish regardless of quality and resonance and with no material and reputational rewards. Two fundamental and essential logics that drive research activity at any university in western societies seem to be almost absent in Ukrainian context, where symbolic publishing for accountability only is taken-for-granted.

The study adopts qualitative interpretative research methodology. The scholars from seven universities were interviewed, including 16 senior scholars and 15 PhD students.

The study shows the dominance of a single logic of accountability which is persisted due to coercive pressures exerted on scholars. Despite the absence of instrumental value behind publishing requirements in Ukrainian higher education system, most academics do not question this policy and largely take it for granted as the only possible system.

Research conducted in this study contributes to institutional logics and institutional complexity literature by highlighting a unique situation of institutional complexity when logic that offers neither economic nor social benefits dominates the field. It is shown how actors recognize, interpret and respond to this situation, identifying three types of responses that range from blind adherence to taken-for-granted institutional definitions to strategic balance between coercive pressures and desired logics.

Ideology is discussed as the missing link between material practices and symbolic constructions in defining institutional logics. Institutional streams are proposed as disembedded institutional logics traveling as ideologies that are taken for granted. They affect specific (inter)action contexts on a global level providing institutional entrepreneurs and workers with symbolic elements to translate into local institutional arrangements. Such translations can give rise to institutional change. Local translation of nonlocal elements advances the interests of the elites of the “sending” institutional context, as well as it may advance those of the receiving one. Dominant transnational streams may or may not coalesce to form a global world order.

Entrepreneurial firms such as professional service firms (PSFs) face constant challenges to acquire resources, one of the greatest of which is the challenge to win client engagements. Although rhetoric is at the center of the challenge to win client engagements, scholars have not identified what rhetorical strategies are the most persuasive to potential clients. By exploring one type of PSF, architecture firms, we argue that PSFs can compete for and legitimate themselves with clients by deploying institutional logics that provide symbolic frameworks and meaning. Since multiple institutional logics exist in society, a critical question for a PSF is which logic is most persuasive to clients. We analyze architecture firms’ written pitches to predict which rhetoric strategies win the valuable resource of a client engagement for a multiclient state project. Our results identify that rhetoric deploying a “profession” logic was most effective whereas a “business” logic was counter-productive in obtaining client engagements and securing resources for the firm.