Mees, B, Organizational mimesis and the emergence of industry superannuation in Australia, Journal of Management History, 23, (3) pp. 241-258. ISSN 1751-1348 (2017) [Refereed Article]
© Emerald Publishing Limited
Purpose - The purpose of this paper is to analyse the emergence of organizational isomorphism in the industry superannuation sector in Australia. The largest not-for-profit private businesses in the country, the industry funds were created in the 1980s in light of a broader union campaign to extend occupational retirement savings provision to all employees in Australia.
Design/methodology/approach - The emergence of organizational isomorphism among the industry funds is assessed from the perspective of institutional theory. The study is based on interviews with key players in the establishment of the industry superannuation sector, original archival research as well as contemporary public commentaries and more recent historical assessments.
Findings - The tripartite framework of institutional isomorphism established by DiMaggio and Powell is unable to explain the emergence of the widespread organizational isomorphism found in industry superannuation. Using the more recent notion of institutional logics allows a more satisfactory explanation for the convergence in models of retirement-savings provision in the industry superannuation sector.
Originality/value - Organizational isomorphism cannot be described simply in terms of a tripartite framework of professional normativity, state coercion and market-based mimesis. Alternatively governed organizations such as those created by trade unions may develop in a different manner than social enterprises founded by less powerful social actors.
|Item Type:||Refereed Article|
|Keywords:||Australia, institutional theory, trade unions, financial history, pension funds|
|Research Division:||Commerce, Management, Tourism and Services|
|Research Group:||Banking, Finance and Investment|
|Research Field:||Financial Institutions (incl. Banking)|
|Objective Division:||Commercial Services and Tourism|
|Objective Group:||Financial Services|
|Objective Field:||Superannuation and Insurance Services|
|UTAS Author:||Mees, B (Dr Bernard Mees)|
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