Do IPL teams escalate commitment for costly players? When do player status and reputation matter?

This study examines the impact of individual-level factors on organisations' escalation of commitment (EOC) using self-justification theory and institutional perspective. We use the Cox proportional hazard model on Indian Premier League (IPL) players’ data from 2008 to 2019 to test the proposed...

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Bibliographic Details
Published inIIMB management review Vol. 35; no. 2; pp. 176 - 192
Main Authors Yadav, Sandeep, Dhayanithy, Deepak
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 01.06.2023
Elsevier
Subjects
Decision-making
Escalation of commitment
Institutional theory
Organisational legitimacy
Professional sports teams
Reputation
Status
Sunk cost
Status
Decision-making
Sunk cost
Escalation of commitment
Professional sports teams
Reputation
Organisational legitimacy
Institutional theory
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Summary:This study examines the impact of individual-level factors on organisations' escalation of commitment (EOC) using self-justification theory and institutional perspective. We use the Cox proportional hazard model on Indian Premier League (IPL) players’ data from 2008 to 2019 to test the proposed hypotheses. We find that player sunk cost (salary paid), reputation, and high status are positively related to the IPL team's EOC (player survival in the same team) for the particular player. Results show that player reputation and high status positively moderate the relationship between player level sunk cost and the IPL team's EOC for the particular player.
ISSN:0970-3896
DOI:10.1016/j.iimb.2023.06.001