"Stigma and Legitimacy Loss: Professions, Social Judgments, and Symbols in Crime and Punishment"

In this symposium we present five papers focused on how the judgments of external stakeholders affect the apportionment of the consequences of misconduct. The papers included attack the question in various settings and across levels of analysis, ranging from teachers’ personal comportment to members’ of Parliament misspending to corporate fraud. Yet each paper investigates how social control agents - including the media, institutional investors, stock analysts, and other audiences - draw inferences about the seriousness and severity of infractions, and how these inferences affect the punishments that are assigned to various actors involved. This symposium will generate conversation about both theoretical and empirical questions related to misconduct and ethics, stakeholder relationships, and governance. Pragmatic or Moral Legitimacy: Effect of Director Capabilities versus Nonprofit Ties on Punishment Presenter: Daphne Teh; INSEAD Repeat Offenders: How The Consequences of Firm Misconduct Abate Across Incid...