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BibTex format

@article{Perkmann:2022:10.1177/26317877221090313,
author = {Perkmann, M and Phillips, N and Greenwood, R},
doi = {10.1177/26317877221090313},
journal = {Organization Theory},
pages = {1--20},
title = {Institutional arbitrage: how actors exploit institutional difference},
url = {http://dx.doi.org/10.1177/26317877221090313},
volume = {3},
year = {2022}
}

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TY  - JOUR
AB  - In this paper, we explore how actors benefit from bringing together incompatible institutional logics-an activity we call institutional arbitrage-and discuss why they do so despite the challenges it creates. We develop a taxonomy of four basic tactics of institutional arbitrage that are rooted in differences between logics in terms of resource valuation, purpose, practices, and legitimacy. These tactics enable actors to create benefits by engaging with actors from fields adhering to different logics or integrating practices from other fields. We also discuss some of the factors that enable actors to deploy these tactics in particular institutional settings. We conclude with a discussion of some of the potential consequences of institutional arbitrage for actors, organizations, and the broader organizational field within which arbitrage occurs.
AU  - Perkmann,M
AU  - Phillips,N
AU  - Greenwood,R
DO  - 10.1177/26317877221090313
EP  - 20
PY  - 2022///
SN  - 2631-7877
SP  - 1
TI  - Institutional arbitrage: how actors exploit institutional difference
T2  - Organization Theory
UR  - http://dx.doi.org/10.1177/26317877221090313
UR  - https://doi.org/10.1177/26317877221090313
UR  - https://journals.sagepub.com/doi/10.1177/26317877221090313
UR  - http://hdl.handle.net/10044/1/94101
VL  - 3
ER  -

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