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000047791 022__ $$a0960-6491 (Print)$$a1464-3650 (Online)
000047791 040__ $$aSzGeWIPO$$beng$$erda$$cSzGeWIPO
000047791 041__ $$aeng
000047791 24500 $$aAll that glitters is not gold: the returns of educational credentials at different stages of industrial and organizational evolution
000047791 264_1 $$aOxford, UK :$$bOxford University Press,$$c2019.
000047791 336__ $$atext$$2rdacontent
000047791 337__ $$acomputer$$2rdamedia
000047791 338__ $$aonline resource$$bcr$$2rdacarrier
000047791 4901_ $$aIndustrial and Corporate Change$$vVolume 28, Issue 6
000047791 5203_ $$aA long stream of research has shown that the educational prestige of organizational members has a largely positive effect on organizational outcomes. We integrate the literatures on educational credentials, signaling theory, and industrial evolution to show that the benefits of educational prestige for firm survival may vary over different stages of industry development. When customers cannot evaluate the quality of a firm’s offerings directly, educational prestige signals that the firm can produce high-quality outputs. We predict that the signaling benefits of educational prestige will be highest during industry inception when evaluation uncertainty is highest. These benefits will diminish during the subsequent period of legitimation with decreasing evaluation uncertainty, but may increase again during the late-stage competition with increasing evaluation uncertainty. We extend this logic to new firms and firms with a new class of offerings. We find empirical support for our predictions from historical accounts and event-history analyses of all law firms in the Silicon Valley corporate legal market, 1928–1998.
000047791 542__ $$fhttps://academic.oup.com/pages/using-the-content/citation
000047791 590__ $$aPublished online: 2019
000047791 650_0 $$aTechnological innovations
000047791 650_0 $$aIntellectual property
000047791 650_0 $$aResearch and development
000047791 650_0 $$aLabor economics
000047791 650_0 $$aLabor productivity
000047791 7001_ $$aKhessina, Olga M.,$$vauthor.
000047791 7001_ $$aJaffee, Jonathan,$$eauthor.
000047791 7731_ $$tIndustrial and Corporate Change,$$wINCC
000047791 830_0 $$aIndustrial and Corporate Change$$vINCC 2019, 28(6), 1449-1471
000047791 85641 $$uhttps://doi.org/10.1093/icc/dtz008
000047791 904__ $$aJournal article
000047791 980__ $$aINCC