Crisis and Competition in Expert Organizational Decision Making: Credit-Rating Agencies and Their Response to Turbulence in Emerging Economies
Organization Science, pp. 687-703, 2004.
industry stabilityexpertsexpert organizational decisionemerging marketsindustry rivalryMore(14+)
Firms often delegate elements of strategic decisions to outside experts who promise objective assessments, which are especially valuable in unstable environments. However experts themselves may be prone to skewed decision making as the stability of their own industry environment changes and as their positioning within the industry shifts....More
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