VIVE LA RE´SISTANCE:A

COMPETING LOGICS

AND THE

CONSOLIDATION OF U.S.A

COMMUNITY BANKING
 


 
CHRISTOPHER MARQUIS

Harvard University


                                                              MICHAEL LOUNSBURY

 University of Alberta

 
 
    
  we investigate how competing logics facilitate resistance to  institutional
change, focusing on banking professionals’ resistance to large, national banks’ acquisitions of smaller, local banks. Acquisitions led to new bank foundings, particularly when out-of-town banks were the acquirers and a community’s local population of bank professionals was large. a



Effect on New Bank Foundings of the Interaction of the Numbers of
Banking Professionals and Out-of-Town Acquisitions, 1994–2002


Number of Bank Acquisitions