Category Divergence, Straddling, and Currency: Open Innovation and the Legitimation of Illegitimate Categories
研究企业公告中与初始非法类别关联（偏离）及模糊类别边界（跨越）对资本市场反应的影响，发现偏离有负效应、跨越有正效应，且随类别合法性提升而减弱。
Abstract The organizational literature is increasingly interested in the origins and consequences of category emergence. We examine the effects of being affiliated with categories initially considered illegitimate (‘divergence’), and of organizational attempts to blur the boundaries between categories (‘straddling’), on capital market reactions to firm announcements. We develop arguments for how these effects likely vary with increasing legitimation (‘currency’) of the category. We apply event study methodology to the complete population of firms' announcements of open source activities, an open innovation model for software development that is novel and defies the extant dominant logic of software production and valorization. Over a ten‐year period, we find negative effects of divergence, positive effects of straddling, and that the magnitude of both these effects diminishes with increasing category currency. The implications for theories of organization and open innovation in the context of category emergence are discussed.