NDLI: Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation

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Macro Level Measuring of Organization Legitimacy: Its Implication for Open Innovation

Content Provider	MDPI
Author	Adri, án López-Balboa Alicia, Blanco-González Francisco, Díez-Martín Camilo, Prado-Román
Copyright Year	2021
Description	Although the field of organizational legitimacy is undergoing great advances, academics are still facing the challenge of its measurement. Currently, academics are focusing on improving and homogenizing legitimacy measurement systems at the micro level. However, measuring legitimacy at the macro level has not evolved according to the needs and possibilities provided by new technologies. This research aims to develop a new methodology to measure organizational legitimacy at the macro level, capable of processing large amounts of information. To this end, an analysis of the news content of the 50 companies that make up the EuroStoxx50 has been conducted for a full year. By doing so, we make three key contributions to managing organizational legitimacy. First, we provide a more complete and reliable measurement of organizational legitimacy thanks to mass information processing techniques, providing a technology-based solution to the obsolescence problem of legitimacy evaluation models at the macro level. Second, we provide empirical evidence of the relationship between legitimacy and organizational success based on the analysis of mass information. Third, we show evidence that a bias is introduced in the measurement of legitimacy due to the use of different sources for this purpose.
Starting Page	53
e-ISSN	21998531
DOI	10.3390/joitmc7010053
Journal	Journal of Open Innovation: Technology, Market, and Complexity
Issue Number	1
Volume Number	7
Language	English
Publisher	MDPI
Publisher Date	2021-02-03
Access Restriction	Open
Subject Keyword	Journal of Open Innovation: Technology, Market, and Complexity Applied Ethics Information and Library Science Legitimacy Media News Aggregator
Content Type	Text
Resource Type	Article

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