IDEAS home Printed from https://ideas.repec.org/a/eee/jobuve/v16y2021ics2352673421000639.html
   My bibliography  Save this article

Occupy Wall Street ten years on: How its disruptive institutional entrepreneurship spread and why it fizzled

Author

Listed:
  • Allison, Thomas H.
  • Grimes, Matthew
  • McKenny, Aaron F.
  • Short, Jeremy C.

Abstract

How does media impact institutional entrepreneurs and their ability to create change? We draw from research on social movements and media frames to examine the paradox that media-informed discursive opportunities pose for institutional entrepreneurs engaged in efforts to transform or create social institutions. Through content analysis of 8473 newspaper articles covering the 2011 Occupy Wall Street movement, we highlight the paradox of discursive opportunities: the same types of media frames that initially encourage more disruptive tactics also subsequently increase the perceived threat of such disruption, thereby encouraging swifter counteraction. Our findings hold implications for the importance of media as a potential catalyst for entrepreneurial activity in the realm of social movements hoping to engage in reform.

Suggested Citation

  • Allison, Thomas H. & Grimes, Matthew & McKenny, Aaron F. & Short, Jeremy C., 2021. "Occupy Wall Street ten years on: How its disruptive institutional entrepreneurship spread and why it fizzled," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
  • Handle: RePEc:eee:jobuve:v:16:y:2021:i:c:s2352673421000639
    DOI: 10.1016/j.jbvi.2021.e00285
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2352673421000639
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.jbvi.2021.e00285?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Meek, William R. & Pacheco, Desirée F. & York, Jeffrey G., 2010. "The impact of social norms on entrepreneurial action: Evidence from the environmental entrepreneurship context," Journal of Business Venturing, Elsevier, vol. 25(5), pages 493-509, September.
    2. Ganz, Marshall Louis, 2000. "Resources and Resourcefulness: Strategic Capacity in the Unionization of California Agriculture, 1959-1966," Scholarly Articles 12641805, Harvard Kennedy School of Government.
    3. Antoaneta P. Petkova & Violina P. Rindova & Anil K. Gupta, 2013. "No News Is Bad News: Sensegiving Activities, Media Attention, and Venture Capital Funding of New Technology Organizations," Organization Science, INFORMS, vol. 24(3), pages 865-888, June.
    4. Raghu Garud & Henri A. Schildt & Theresa K. Lant, 2014. "Entrepreneurial Storytelling, Future Expectations, and the Paradox of Legitimacy," Organization Science, INFORMS, vol. 25(5), pages 1479-1492, October.
    5. Alvarez, Sharon A. & Young, Susan L. & Woolley, Jennifer L., 2015. "Opportunities and institutions: A co-creation story of the king crab industry," Journal of Business Venturing, Elsevier, vol. 30(1), pages 95-112.
    6. Turró, Andreu & Urbano, David & Peris-Ortiz, Marta, 2014. "Culture and innovation: The moderating effect of cultural values on corporate entrepreneurship," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 360-369.
    7. Michael Lounsbury & Mary Ann Glynn, 2001. "Cultural entrepreneurship: stories, legitimacy, and the acquisition of resources," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 545-564, June.
    8. Grimes, Matthew G. & Gehman, Joel & Cao, Ke, 2018. "Positively deviant: Identity work through B Corporation certification," Journal of Business Venturing, Elsevier, vol. 33(2), pages 130-148.
    9. Gould-Wartofsky, Michael A., 2015. "The Occupiers: The Making of the 99 Percent Movement," OUP Catalogue, Oxford University Press, number 9780199313914.
    10. Shon R. Hiatt & Jake B. Grandy & Brandon H. Lee, 2015. "Organizational Responses to Public and Private Politics: An Analysis of Climate Change Activists and U.S. Oil and Gas Firms," Organization Science, INFORMS, vol. 26(6), pages 1769-1786, December.
    11. Warnick, Benjamin J. & Davis, Blakley C. & Allison, Thomas H. & Anglin, Aaron H., 2021. "Express yourself: Facial expression of happiness, anger, fear, and sadness in funding pitches," Journal of Business Venturing, Elsevier, vol. 36(4).
    12. Stuart N. Soroka & Dominik A. Stecula & Christopher Wlezien, 2015. "It's (Change in) the (Future) Economy, Stupid: Economic Indicators, the Media, and Public Opinion," American Journal of Political Science, John Wiley & Sons, vol. 59(2), pages 457-474, February.
    13. Allison, Thomas H. & McKenny, Aaron F. & Short, Jeremy C., 2013. "The effect of entrepreneurial rhetoric on microlending investment: An examination of the warm-glow effect," Journal of Business Venturing, Elsevier, vol. 28(6), pages 690-707.
    14. Khavul, Susanna & Chavez, Helmuth & Bruton, Garry D., 2013. "When institutional change outruns the change agent: The contested terrain of entrepreneurial microfinance for those in poverty," Journal of Business Venturing, Elsevier, vol. 28(1), pages 30-50.
    15. Jacob L. Vigdor, 2004. "Community Composition and Collective Action: Analyzing Initial Mail Response to the 2000 Census," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 303-312, February.
    16. Fischer, Eileen & Rebecca Reuber, A., 2014. "Online entrepreneurial communication: Mitigating uncertainty and increasing differentiation via Twitter," Journal of Business Venturing, Elsevier, vol. 29(4), pages 565-583.
    17. Dean, Thomas J. & McMullen, Jeffery S., 2007. "Toward a theory of sustainable entrepreneurship: Reducing environmental degradation through entrepreneurial action," Journal of Business Venturing, Elsevier, vol. 22(1), pages 50-76, January.
    18. Irving Janis & Raymond Fadner, 1943. "A coefficient of imbalance for content analysis," Psychometrika, Springer;The Psychometric Society, vol. 8(2), pages 105-119, June.
    19. Pacheco, Desirée F. & Dean, Thomas J. & Payne, David S., 2010. "Escaping the green prison: Entrepreneurship and the creation of opportunities for sustainable development," Journal of Business Venturing, Elsevier, vol. 25(5), pages 464-480, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Short, Jeremy C. & Chandler, Jeffrey A. & Wolfe, Marcus, 2024. "Community markets and entrepreneurship: A primer," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    2. Keim, Jan & Müller, Susan & Dey, Pascal, 2024. "Whatever the problem, entrepreneurship is the solution! Confronting the panacea myth of entrepreneurship with structural injustice," Journal of Business Venturing Insights, Elsevier, vol. 21(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. O'Neil, Isobel & Ucbasaran, Deniz, 2016. "Balancing “what matters to me” with “what matters to them”: Exploring the legitimation process of environmental entrepreneurs," Journal of Business Venturing, Elsevier, vol. 31(2), pages 133-152.
    2. Oo, Pyayt P. & Jiang, Lin & Sahaym, Arvin & Parhankangas, Annaleena & Chan, Richard, 2023. "Actions in words: How entrepreneurs use diversified and changing speech acts to achieve funding success," Journal of Business Venturing, Elsevier, vol. 38(2).
    3. Yuliya Snihur & Llewellyn D. W. Thomas & Raghu Garud & Nelson Phillips, 2022. "Entrepreneurial Framing: A Literature Review and Future Research Directions," Entrepreneurship Theory and Practice, , vol. 46(3), pages 578-606, May.
    4. Fisher, Greg & Josefy, Matthew A. & Neubert, Emily, 2024. "Event-based entrepreneurship," Journal of Business Venturing, Elsevier, vol. 39(1).
    5. Rory McDonald & Cheng Gao, 2019. "Pivoting Isn’t Enough? Managing Strategic Reorientation in New Ventures," Organization Science, INFORMS, vol. 30(6), pages 1289-1318, November.
    6. Rittstieg, Pauline Tilla, 2022. "Convincing investors: A study of personal, adapted storytelling and strategic behavior in entrepreneurial fundraising," Junior Management Science (JUMS), Junior Management Science e. V., vol. 7(5), pages 1193-1223.
    7. Karin Andrea Wigger & Dean A. Shepherd, 2020. "We’re All in the Same Boat: A Collective Model of Preserving and Accessing Nature-Based Opportunities," Entrepreneurship Theory and Practice, , vol. 44(3), pages 587-617, May.
    8. Muñoz, Pablo & Dimov, Dimo, 2015. "The call of the whole in understanding the development of sustainable ventures," Journal of Business Venturing, Elsevier, vol. 30(4), pages 632-654.
    9. Cojoianu, Theodor F. & Clark, Gordon L. & Hoepner, Andreas G.F. & Veneri, Paolo & Wójcik, Dariusz, 2020. "Entrepreneurs for a low carbon world: How environmental knowledge and policy shape the creation and financing of green start-ups," Research Policy, Elsevier, vol. 49(6).
    10. Kibler, Ewald & Fink, Matthias & Lang, Richard & Muñoz, Pablo, 2015. "Place attachment and social legitimacy: Revisiting the sustainable entrepreneurship journey," Journal of Business Venturing Insights, Elsevier, vol. 3(C), pages 24-29.
    11. Raghu Garud & Arun Kumaraswamy & Anna Roberts & Le Xu, 2022. "Liminal movement by digital platform‐based sharing economy ventures: The case of Uber Technologies," Strategic Management Journal, Wiley Blackwell, vol. 43(3), pages 447-475, March.
    12. Fisher, Greg & Kuratko, Donald F. & Bloodgood, James M. & Hornsby, Jeffrey S., 2017. "Legitimate to whom? The challenge of audience diversity and new venture legitimacy," Journal of Business Venturing, Elsevier, vol. 32(1), pages 52-71.
    13. Williams, Trenton Alma & Zhao, Eric Yanfei & Sonenshein, Scott & Ucbasaran, Deniz & George, Gerard, 2021. "Breaking boundaries to creatively generate value: The role of resourcefulness in entrepreneurship," Journal of Business Venturing, Elsevier, vol. 36(5).
    14. Berends, Hans & van Burg, Elco & Garud, Raghu, 2021. "Pivoting or persevering with venture ideas: Recalibrating temporal commitments," Journal of Business Venturing, Elsevier, vol. 36(4).
    15. Seigner, Benedikt David Christian & Milanov, Hana & Lundmark, Erik & Shepherd, Dean A., 2023. "Tweeting like Elon? Provocative language, new-venture status, and audience engagement on social media," Journal of Business Venturing, Elsevier, vol. 38(2).
    16. DiVito, Lori & Bohnsack, René, 2017. "Entrepreneurial orientation and its effect on sustainability decision tradeoffs: The case of sustainable fashion firms," Journal of Business Venturing, Elsevier, vol. 32(5), pages 569-587.
    17. Pan, Lingling & Li, Xiumei & Chen, Jianhong & Chen, Tianxu, 2020. "Sounds novel or familiar? Entrepreneurs' framing strategy in the venture capital market," Journal of Business Venturing, Elsevier, vol. 35(2).
    18. Aaron H. Anglin & Shane W. Reid & Jeremy C. Short, 2023. "More Than One Way to Tell a Story: A Configurational Approach to Storytelling in Crowdfunding," Entrepreneurship Theory and Practice, , vol. 47(2), pages 461-494, March.
    19. Fisher, Greg & Neubert, Emily & Burnell, Devin, 2021. "Resourcefulness narratives: Transforming actions into stories to mobilize support," Journal of Business Venturing, Elsevier, vol. 36(4).
    20. Hoogendoorn, Brigitte & van der Zwan, Peter & Thurik, Roy, 2020. "Goal heterogeneity at start-up: are greener start-ups more innovative?," Research Policy, Elsevier, vol. 49(10).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobuve:v:16:y:2021:i:c:s2352673421000639. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-business-venturing-insights .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.