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Inequality, corporate legitimacy and the Occupy Wall Street movement

Author

Listed:
  • Paul Shrivastava

    (Concordia University [Montreal], ICN Business School)

  • Olga Ivanova Ruffo

    (ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

This exploratory study examines legitimacy challenges to business spawned by growing inequalities. It uses aesthetic inquiry in the context of the Occupy Wall Street movement to understand the processes of organizational legitimation and delegitimation. By studying photos of slogans and placards from the Occupy Wall Street movement, we show how corporate and business legitimacy are challenged by the public. We identify different types of legitimacy challenges across organizational systems' levels. We explore implications of these challenges for corporations and the use of aesthetic strategies as delegitimation signals by Occupy Wall Street protesters in order to express their support or discontent with existing norms, values and standards.

Suggested Citation

  • Paul Shrivastava & Olga Ivanova Ruffo, 2015. "Inequality, corporate legitimacy and the Occupy Wall Street movement," Post-Print hal-01507993, HAL.
    • Handle: RePEc:hal:journl:hal-01507993
    DOI: 10.1177/0018726715579523
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    Citations

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    Cited by:

    1. Hari Bapuji & Snehanjali Chrispal, 2020. "Understanding Economic Inequality Through the Lens of Caste," Journal of Business Ethics, Springer, vol. 162(3), pages 533-551, March.
    2. Dean Neu & Gregory D. Saxton & Abu S. Rahaman, 2022. "Social Accountability, Ethics, and the Occupy Wall Street Protests," Journal of Business Ethics, Springer, vol. 180(1), pages 17-31, September.
    3. Sarah Maire & Sébastien Liarte, 2018. "Building on visuals : Taking stock and moving ahead," Post-Print hal-03026729, HAL.
    4. Masoud Shadnam & Andrew Crane & Thomas B. Lawrence, 2020. "Who Calls It? Actors and Accounts in the Social Construction of Organizational Moral Failure," Journal of Business Ethics, Springer, vol. 165(4), pages 699-717, September.
    5. Sorin M. S. Krammer & Addisu A. Lashitew & Jonathan P. Doh & Hari Bapuji, 2023. "Income inequality, social cohesion, and crime against businesses: Evidence from a global sample of firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(2), pages 385-400, March.
    6. Martijn Hendriks & Martijn Burger & Harry Commandeur, 2023. "The influence of CEO compensation on employee engagement," Review of Managerial Science, Springer, vol. 17(2), pages 607-633, February.
    7. Mitoko, Jeremiah, 2021. "Concentration of power and Populism's Rise in America: evidence from recent US elections," MPRA Paper 108757, University Library of Munich, Germany.
    8. Ambar, Rabnawaz, 2015. "Corruption, Inequality and Economic Growth," MPRA Paper 70375, University Library of Munich, Germany, revised 2015.
    9. Sheraz Ahmad CHOUDHARY & Khalid Zaman & Shakira EJAZ, 2018. "Dynamic linkages between corruption, economic growth, and income inequality in Pakistan: Say ‘No’ to corruption," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(614), S), pages 167-182, Spring.

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