Qu’il est bon d’être méchant! Paradoxe de l’illégitimité organisationnelle dans le contexte des banques d’investissement.

Abstract

This study explores the relationship between organizational legitimacy and illegitimacy. It combines media content analysis and quantitative approaches to empirically investigate this link in the specific context of investment banks in the United States. Illegitimacy can paradoxically signal conformity to field level norms. Thus, the more banks are attacked by the print media, the more prestigious they are seen by their peers