'A Bad Apple Went Away': Exploring Resilience Among Bitcoin Entrepreneurs

Twenty-Third European Conference on Information Systems (ECIS), Münster, Germany, 2015

11 Pages Posted: 25 Jun 2015  

Claire Ingram

Stockholm School of Economics - Department of Marketing and Strategy

Marcel Morisse

University of Hamburg - Department of Informatics

Robin Teigland

Stockholm School of Economics - Department of Marketing and Strategy

Date Written: March 23, 2015

Abstract

The emerging digital cryptocurrency Bitcoin has made waves in mainstream media across the globe, as have the numerous extreme events that have rocked it. One such event, the bankruptcy of a prominent Bitcoin exchange called Mt. Gox, particularly shocked the emerging sociotechnical field. However, it is not clear how the numerous entrepreneurial firms operating in this field survived this shock.

Studies of resilience in the face of extreme events have typically examined mature firms, characterised by formal structures and some slack resources. In such studies, the resilience, adaptability and transformability of the firm come into view. A new firm in an emergent field, however, is equally driven to survive – but must do so with far more limited resources, without a formal structure and little in the way of organisational learning. In our study, we find that such entrepreneurial firms rely on their collective identity in forming resilient responses. Furthermore, one outcome of this shock was a call for regulations and oversight – despite earlier dogmatic rejections of such formal control.

Keywords: Bitcoin, Entrepreneurship, Resilience, Extreme Event, Qualitative Study

Suggested Citation

Ingram, Claire and Morisse, Marcel and Teigland, Robin, 'A Bad Apple Went Away': Exploring Resilience Among Bitcoin Entrepreneurs (March 23, 2015). Twenty-Third European Conference on Information Systems (ECIS), Münster, Germany, 2015. Available at SSRN: https://ssrn.com/abstract=2622066

Claire Ingram

Stockholm School of Economics - Department of Marketing and Strategy ( email )

Box 6501
Stockholm, Stockholm 113 65
Sweden

Marcel Morisse (Contact Author)

University of Hamburg - Department of Informatics ( email )

Vogt-Koelln-Strasse 30
Hamburg, 22527
Germany

Robin Teigland

Stockholm School of Economics - Department of Marketing and Strategy ( email )

Box 6501
Stockholm, Stockholm 113 65
Sweden

HOME PAGE: http://www.knowledgenetworking.org

Paper statistics

Downloads
92
Rank
230,832
Abstract Views
438