IDEAS home Printed from https://ideas.repec.org/b/dau/thesis/123456789-8004.html
   My bibliography  Save this book

Le maintien institutionnel comme travail de justification : le cas de l'industrie de la notation du crédit

Editor

Listed:
  • Huault, Isabelle

Author

Listed:
  • Taupin, Benjamin

Abstract

The work of maintaining institutions has been barely studied by neo-institutional analysis. We propose to enrich this notion thanks to the empirical study of credit rating. The credit rating industry is characterized by a paradox that lies in the opposition between the permanence that comes with this phenomenon while it is strongly criticized. Based on the approach of Boltanski and Thévenot’s economies of worth, we carry out an analysis of the institutional work of justification performed by the actors at the time of the public consultations led by the American Securities and Exchange Commission (SEC) during the 2000-2010 crisis of justification. A qualitative analysis of 340 comments was conducted using NVivo software. The analysis indicates that the controversies permitted a reaffirmation of the established legitimacy principles, impeding any actual modification of the status quo. During the considered period, we distinguish between a first work of maintenance, lying on a simple confirmation of what actually is, and a process of maintenance much more complex and dynamic, in which various logics are put together in a way that leads to the reaffirmation of the effective legitimacy principles and to the rejection of any logic not involved in the compromise. The previously enounced paradox of credit rating shall therefore be reconsidered: the contestation of rating is precisely fueling the institutional maintenance in the industry. In its stability, the institution is to be conceived here as inseparable from its contestation.

Suggested Citation

  • Taupin, Benjamin, 2011. "Le maintien institutionnel comme travail de justification : le cas de l'industrie de la notation du crédit," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/8004 edited by Huault, Isabelle, October.
  • Handle: RePEc:dau:thesis:123456789/8004
    Note: dissertation
    as

    Download full text from publisher

    File URL: http://basepub.dauphine.fr/xmlui/bitstream/123456789/8004/3/These_Benjamin_Taupin_2011.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    institutional maintenance; institutional work; credit rating industry; economies of worth; maintien institutionnel; travail institutionnel; justification; notation de crédit; économies de la grandeur;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

    Statistics

    Access and download statistics

    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:dau:thesis:123456789/8004. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/daup9fr.html .

    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.

    We have no bibliographic references for this item. You can help adding them by using 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: Alexandre Faure (email available below). General contact details of provider: https://edirc.repec.org/data/daup9fr.html .

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.