From Relational Stability to Network Resilience
Annual Negotiated versus Competitive Municipal Bond-Issuing Networks
Datos Bibliográficos
| ID | 6456541 |
|---|---|
| Autores | Kun Huang (0000-0002-0313-1212, University of New Mexico, Albuquerque, New Mexico, USA), Gao Liu (0000-0001-6886-0507, Florida Atlantic University, Boca Raton, Florida, USA), Chen Bin (0000-0002-8814-3131, Baruch College & The Graduate Center, The City University of New York, New York, NY, USA), Zhiwei Zhang (0000-0002-0891-0389, Kansas State University, Manhattan, Kansas, USA) |
| Año | 2025 |
| Volumen | 55 |
| Número | 6 |
| Páginas | 509-527 |
| Fecha de publicación | 2025-06-30 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The American Review of Public Administration (JOURNAL) |
| Identificadores de la revista | ISSN: 0275-0740 • E-ISSN: 1552-3357 |
| Editorial | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/02750740251346808 |
| OpenAlex | W4411810001 |
| Idioma | EN |
| Referencias citadas | 53 |
While the public contracting literature has explored the advantages and limitations of competitive versus relational/collaborative contracting ties, network research focuses on how structural characteristics influence a network's stability and ability to withstand environmental disruptions. However, little scholarship examines how collaborative versus competitive ties affect network stability and resilience to environmental shocks. This study addresses this gap by exploring the impacts of relationships of different natures (collaborative versus competitive) on network stability and resilience. Drawing on theories of relational embeddedness and network resilience, we compare annual networks formed by bond underwriters and financial advisors in negotiated (collaborative) versus competitive relationships from 2000 to 2015, analyzing California's municipal bond primary market before and after the 2008 Great Recession. The empirical results reveal that negotiated networks display higher stability, and faster recovery compared to competitive networks. Based on our findings, we develop a model of network resilience to systemic shock, highlighting the resilience of collaboration-oriented networks over efficiency-oriented networks in responding to systemic shocks
Bond · Business · Economic growth · Economics · Embeddedness · Industrial organization · Psychological resilience · Resilience (materials science · Scholarship · Shock (circulatory · Sociology · Local Government Finance and Decentralization · Psychology · Public Policy and Administration Research · Public-Private Partnership Projects · Social Psychology · Finance
Social Network Analysis
Error and attack tolerance of complex networks
The Genesis and Dynamics of Organizational Networks
Scale-Free Networks
Self-selection bias or decision inertia? Explaining the municipal bond “competitive sale dilemma”
Economic Action and Social Structure
Centrality in social networks conceptual clarification
The network autocorrelation model using two-mode data
Developing Purpose-Oriented Networks
A Systematic Review of Empirical Emergency Management Network Research
A place-based model for understanding community resilience to natural disasters
The Evolution of Networks and the Resilience of Interorganizational Relationships after Disaster
A preliminary theory of dark network resilience
Understanding Multiplexity of Collaborative Emergency Management Networks
State and Local Governments as Borrowers
The Third and Fatal Shock
Knowledge Sharing in a Third‐Party‐Governed Health and Human Services Network
Core Concepts and Key Ideas for Understanding Public Sector Organizational Networks
A Preliminary Theory of Informal Accountability among Network Organizational Actors
Does It Make Any Difference Anymore? Competitive versus Negotiated Municipal Bond Issuance
Resource Tangibility and the Evolution of a Publicly Funded Health and Human Services Network
Governance, Privatization, and Systemic Risk in the Disarticulated State
Relational Mechanisms in Complex Contracting
Modes of Network Governance
Competition and Federal Contractor Performance
Informal Accountability in Multisector Service Delivery Collaborations
Evaluating the Effects of the Great Recession
The Strength of Weak Ties
| Velocidad de citación | historical |
|---|---|
| Altamente citado | No |