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Good Night, and Good Luck: Perspectives on Luck in Management Scholarship


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Publication Date: 2015-11-23

Journal Title: The Academy of Management Annals

Publisher: Taylor & Francis

Language: English

Type: Article

Metadata: Show full item record

Citation: Liu, C., & de Rond, M. (2015). Good Night, and Good Luck: Perspectives on Luck in Management Scholarship. The Academy of Management Annals https://doi.org/10.1080/19416520.2016.1120971

Description: This is the author accepted manuscript. The final version is available from Taylor & Francis via http://dx.doi.org/10.1080/19416520.2016.1120971

Abstract: It is not insignificant that seminal contributions to management scholarship have highlighted luck as an alternative explanation for performance differences between individuals and organizations. Yet it has rarely taken center-stage in scholarship. The principal purpose of this paper is to provide a systematic review of the application of luck in the management literature and in such foundation disciplines as economics, sociology, and psychology. Our analysis finds five common perspectives on luck: (a) luck as Attribution; (b) luck as Randomness; (c) luck as Counterfactual; (d) luck as Undeserved; and (e) luck as Serendipity. We outline various ways in which research on luck may be advanced along each of these perspectives, and develop an underexplored, sixth, perspective on (f) luck as Leveler to provide a possible solution to such issues as social inequality and (unwarranted) executive compensation.

Sponsorship: The first author is also grateful for financial support received from Cambridge Overseas Trust, Jesus College (Oxford), the Chiang Ching-kuo Foundation, and the Ministry of Education (Taiwan) that sponsored his PhD dissertation.

Identifiers:

External DOI: https://doi.org/10.1080/19416520.2016.1120971

This record's URL: https://www.repository.cam.ac.uk/handle/1810/255796







Autor: Liu, Chengweide Rond, Mark

Fuente: https://www.repository.cam.ac.uk/handle/1810/255796



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