An Interaction Ritual Theory of Social Resource Exchange Evidence from a Silicon Valley Accelerator

Recent research on start-up accelerators has drawn attention to the central importance of social resource exchange among peers for entrepreneurial success. But such peer relationships contain both cooperative and competitive elements, making accelerators a prime example of a mixed-motive context in...

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Vydáno v:Administrative science quarterly Ročník 66; číslo 3; s. 659 - 710
Hlavní autoři: Krishnan, Rekha, Cook, Karen S., Kozhikode, Rajiv Krishnan, Schilke, Oliver
Médium: Journal Article
Jazyk:angličtina
Vydáno: Los Angeles, CA Sage Publications, Inc 01.09.2021
SAGE Publications
SAGE PUBLICATIONS, INC
Témata:
Cooperation
Entrepreneurs
Entrepreneurship
Ethnography
Expectations
Mentors
Peer relationships
Peers
Reciprocity
Rituals
Social dynamics
Social events
Social order
Social systems
Startups
Unilateralism
United States > US
Silicon Valley-California
generalized exchange
accelerators
entrepreneurship
interaction rituals
social resource exchange
ethnography
ISSN:0001-8392, 1930-3815
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Shrnutí:Recent research on start-up accelerators has drawn attention to the central importance of social resource exchange among peers for entrepreneurial success. But such peer relationships contain both cooperative and competitive elements, making accelerators a prime example of a mixed-motive context in which successful generalized exchange—unilateral giving without expectations of direct reciprocity—is not a given. In our ethnographic study of a Silicon Valley accelerator, we sought to explore how generalized exchange emerges and evolves over time. Employing an abductive, sequential mixed-methods approach, we develop a process model that helps explain how a system of generalized exchange may or may not emerge. At the core of this model are the interaction rituals within social events that come to create distinct exchange expectations, which are either aligned or incompatible with generalized exchange, resulting in fulfilled or failed exchanges in subsequent encounters. Whereas fulfilled exchanges can kickstart virtuous exchange dynamics and a thriving generalized exchange system, failed exchanges trigger vicious exchange dynamics and an unstable social order. These findings bring clarity to the puzzle of how some generalized exchange systems overcome the social dilemma in mixed-motive contexts by highlighting the central role of alignment between structure and process.
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ISSN:0001-8392
1930-3815
DOI:10.1177/0001839220970936