In this chapter, we combine reputation theory from economics with role theory from sociology to develop a rigorous … framework for studying reputation. We begin with a critique of the dominant reputation perspectives in management research and … examine why their common definition of reputation as an overall actor-level assessment may not be the most constructive way to …

, reputation-based theory of scapegoating, whereby firms differ in their ability to identify the incompetent executives that cause …-ability firm, is an optimal, reputation-saving, value-maximizing strategy if firms care sufficiently about short-term value, which … depends on reputation, and if reputation is sufficiently high to be worth sacrificing a competent executive for. I then …