Bridges, Ph.D. |
|Office Contact Information:|| US Contact Information:|
|Cornell University|| 139 Charles Street, Suite A200|
|Center for the Study of Economy and Society|| Boston, MA 02114-3283|
|332 Uris Hall|| United States of America|
|Phone: 607-255-7409||Phone: 617-419-0066|
|Email: firstname.lastname@example.org ||Email: email@example.com|
Doctorate in Sociology
Masters in Sociology
Bachelor of Science in Finance & Economics
Bachelor of Arts in Philosophy
Research Website & Blog:
|Research|| http://toddarthurbridges.org |
|Blog|| http://toddarthurbridges.blogspot.com |
Economic Sociology, Sociology of Finance, Sociological Theory, Sociology of Law and Economy, Mixed Methods Research, Meso-Level Social Order, Extra-Legal Governance
|Cornell University - Center for the Study of Economy and Society||Ithaca, New York||Research Fellow|
|Max Planck Society for the Advancement of Science (MPIfG)||Cologne, Germany||Postdoctoral Fellow|
|University of Oxford||Oxford, United Kingdom||Visiting Fellow|
|Massachusetts Institute of Technology (MIT)||Cambridge, Massachusetts||Research |
|Brown University||Providence, Rhode Island||Research Project Manager|
|Organization for Economic Cooperation and Development (OECD)||Paris, France||Research|
|The University of Chicago||Chicago, Illinois ||Research and Spatial Analyst|
|National Opinion Research Center (NORC)||Chicago, Illinois||Research and Spatial Analyst|
|National Bureau of Economic Research (NBER)||Chicago, Illinois||Research and Spatial Analyst|
|The University of Chicago Booth School of Business||Chicago, Illinois||Research Assistant|
|Brown University Population Studies & Training Center||Providence, Rhode Island||Research Assistant |
|Thomas Weisel Partners LLC||San Francisco, California||Research Assistant|
|JP Morgan Chase (CH&Q)||New York, New York||Research Intern|
|Sociology 6331||Economy and Society||Cornell University||Postdoc-Teaching|
|Sociology 187||Economic Sociology ||Brown University||Co-Teaching |
|Sociology 109||Theories of Organizational Dynamics--Org Theory (3 semesters)||Brown University||Teaching Assistant |
|Sociology 156 ||Quantitative Methods||Harvard University||Teaching Fellow|
|Sociology 150||Economic Development and Social Change||Brown University||Teaching Assistant|
|Sociology 110||Statistics for Social Scientists (2 semesters)||Brown University||Teaching Assistant|
|MBA||International Trade||University of Chicago||Teaching Assistant|
Research Grant Experience:
|"Institutions in the Making of a Knowledge-Based Regional Economy: High-Tech Start-ups in New York City"||Cornell University|
|"Governing Green Laboratories: Trust and Surveillance in the Cultures of Science" (details)||Massachusetts Institute of Technology (MIT)|
|"The Contracting Universe: Law Firms and the Evolution of Venture Capital Financing in Silicon Valley" and "Challenges of New Information Technologies in Healthcare" (details)||Brown University |
|"The School-to-Work Transition" and "Research for Improving Reproductive Health in Ethiopia"||Brown University|
|"EXDID: Explaining the Decline in Infant Mortality During the 20th Century" (details)||The University of Chicago |
|"Spatial Analysis and the Role of Social Networks in the Economic Development of Thailand" (details)||The University of Chicago |
|"Implications of the North American Free Trade Agreement (NAFTA)"||The University of Chicago|
Selection of Papers and Presentations:
Bridges, Todd Arthur. 2012. "Governing Shades of Grey: The Emergence of Market Governance in the Absence of a Formal Institutional Environment." Working Paper #67, Center for the Study of Economy and Society, Cornell University.
Bridges, Todd Arthur. 2012. "Beyond Embedded Governance: Theorizing How Market Governance Emerges in the Modern Financial System." Paper presented at Embeddedness and Beyond: Do Sociological Theories Meet Economic Realities?, National Research University Higher School of Economics. Moscow, Russia.
Bridges, Todd Arthur (2012). "Governing the New Institutional Structure of Financial Markets." Paper presented at the Max Planck Institute for the Study of Societies and Max Planck Society for the Advancement of Science. Cologne, Germany.
Bridges, Todd Arthur (2011). The Governing Architecture of a Shadow Financial Market: Investigating the Interaction of Legal and Extra-Legal Governance Structures at the Regulatory Event Horizon. Brown University-Dissertation. Providence, United States of America.
Arthur (2011). “The
Governing Architecture of a Shadow Financial Market: Investigating the
Interaction of Legal and Extra-Legal Governance Structures at the
Regulatory Event Horizon.” Paper presented
at the 2011 Annual Meeting of the American Sociology Association (ASA)—Economic Sociology Session organized by Victor Nee entitled New Institutionalism in Economic Sociology. Las Vegas, United States of America.
Arthur (2011). “The Extra-Legal Governance Structure of a Shadow
Financial System: A Sociological Investigation of Economic Governance in the
Absence of Formal Regulation.” Paper presented
at the 2011 Annual Meeting of the Society for the Advancement of Socio-Economic (SASE)—session
on Networks: Finance & Society. Madrid, Spain.
Bridges, Todd Arthur (2011). “The Avoidance of Law Does Not Lead to an Absence of Law: A Sociological Investigation of Law and Organizations in a Shadow Financial Market.” Paper presented at the 2011 Annual Meeting of Law & Society Association (LSA)—session on Economic Regulation: Law & Society. San Francisco, United States of America.
Bridges, Todd Arthur (2011). “The Extra-Legal Governance Structure of a Shadow Financial System: A Sociological Investigation of Economic Governance in the Absence of Formal Regulation.” Paper presented at the 2011 Annual Meeting of the British Sociological Association (BSA)—session on Work, Economy & Society. London, England.
Bridges, Todd Arthur (2011). “The Evolution of Corporate Governance: Investigating New Forms of Regulation in the Financial Markets.” Paper presented at the 2011 symposium of Adolf A. Berle, Jr. Center on Corporations, Law & Society. Seattle, United States of America.
Bridges, Todd Arthur (2010). “Governing the Quest for Alpha: Coordination, Regulation, and Contestation in the U.S. Hedge Fund Market.” Paper presented at the 2010 Annual Meeting of The Society for the Advancement of Socio-Economics (SASE)—session on Networks: Markets, Firms & Institutions. Philadelphia, United States of America.
Bridges, Todd Arthur (2010). “Defining the ‘Self’ in Regulation: A Socio-Legal Investigation of the U.S. Hedge Fund Market.” Paper presented given at the 2010 Annual Meeting of Law & Society Association (LSA)—session on Economy & Society: Comparative Perspectives on Credit, Banking, and Securitization. Chicago, United States of America.
Bridges, Todd Arthur (2010). “Constructing Governance in The Shadow Financial System: An Empirical Investigation of Social Institutions and Structures in the Hedge Fund Market.” Paper presented at the 2010 Annual Meeting of the Eastern Sociological Society (ESS)—session on Financial Markets and Regulations. Cambridge, United States of America.
Suchman, Mark C., Todd Arthur Bridges and Sue Monihan (2009). “The Organizational Response to HIPAA: An Analysis of the Views of Health Privacy Officers,” The Governance of Health Information Technology Project, Project Report. Providence, United States of America.
Bridges, Todd Arthur (2008). Controlling Capital: The Role of Social Structure in the Financial Markets. Brown University PhD Qualifying Paper. Providence, United States of America.
Bridges, Todd Arthur (2006). Embedding Intellectual Property Rights in Social Relations: A Macro-Micro Theoretical Model. Brown University Master's Thesis. Providence, United States of America.
Bridges, Todd Arthur (2005). "Trends in International Migration within the OECD Member Countries." Project report given to the Organization for Economic Cooperation and Development (OECD), International Futures Program. Paris, France.
Bridges, Todd Arthur (2002). "Preliminary Findings on the Linkage between Infant Mortality and Education in Early Twentieth Century Chicago." Center for Population Economics at The University of Chicago, Working Paper No. 2002-3. Chicago, United States of America.
The Governing Architecture of a Shadow Financial Market: Investigating the Interaction of Legal and Extra-Legal Governance Structures at the Regulatory Event Horizon
Mark C. Suchman (Brown), Susan S. Silbey (MIT), and Frank Dobbin (Harvard)
Since the 1980s, the shadow financial system has exponentially grown in size and has supplanted the traditional banking system as a dominant source of credit and liquidity for the U.S. economy. As the 2008 financial collapse revealed, however, the formal institutional environment--the rules issued by the state and monitored by federal administrative agencies--has limited authority over the financial organizations within this shadow financial system. As a result, entire sectors of the U.S. economy operate beyond traditional law and regulation—at the regulatory event horizon—and pose systemic risks to the broader economy and society. My research project consists of a multi-stage, multi-method empirical investigation into how a governing architecture is being constructed within one of the most influential and powerful markets in the shadow financial system. Specifically, the U.S. hedge fund market is an important social laboratory because it offers qualities of a pseudo-natural experiment wherein the formal regulatory structures that operate in the traditional financial system have been removed, leaving organizations the opportunity to create their own governing architecture. The empirical data come from 4 years of fieldwork, 40 semi-structured interviews with expert informants, and a comprehensive alternative investment fund database. The empirical results from my investigation reveal a complex set of interacting formal and informal governance mechanisms, which operate at the intra and inter organizational dimensions of the market. For example, data analysis revealed that although most hedge funds avoid the formal law and regulation issued by the state, the avoidance of law does not lead to an absence of order within the organizations or the broader organizational field. To the contrary, this formally “unregulated” market has become ordered and institutionalized by the interaction of legal and extra-legal governance structures, and has developed well-defined governance failures.
The project provides policymakers and federal regulators empirically-based insight into how powerful and opaque financial organizations in the shadow financial system avoid the formal institutional environment, govern in the absence of formal law and regulation, and have created a number of governance failures—which can potentially be mitigated to protect the U.S. economy and society. At the same time, the project provides sociologists and economists an empirically-based social laboratory to advance a theoretical understanding of how organizations actively construct governance structures within a shadow financial market, how informal governance structures are interrelated with the formal institutional environment, and how the interaction of multiple governance mechanisms converge to create a governing architecture with well-defined governance failures.
Professional Membership and Activities:
|2004-present||Member, American Sociological Association (ASA)|
|2006-present ||Member, Economic Sociology Section of the American Sociological Association |
|2007-2012||Member, Sociology of Law Section of the American Sociological Association|
|2008-present ||Member, Organizations, Occupations and Work Section of the American Sociological Association|
|2008-2012||Member, International Network for Social Network Analysis (INSNA)|
|2009-present||Member, The American Academy of Political and Social Sciences (AAPSS)|
|2009-2012||Member, The Law & Society Association (LSA)|
|2009-present||Member, Society for the Advancement of Socio-Economics (SASE)|
|2010-2012||Member, Eastern Sociological Society (ESS)|
|2010-present||Member, International Sociological Association (ISA)|
|2010-present||Research Committee for Economy & Society, International Sociological Association|
|2010-present||Research Committee for Sociology of Law, International Sociological Association|
|2010-present||Member, British Sociological Association (BSA)|
Professional Awards and Fellowships:
|2011-12||Postdoctoral Fellowship at The Max Planck Society for The Advancement of Science (MPIfG) |
|2010||The Hazeltine Fellowship|
|2009||Russell and Selina Wonderlic Fellowship|
|2008 ||Commerce, Organizations, and Entrepreneurship (COE) Dissertation Research Improvement Grant|
|2008 ||Brown University Dissertation Fellowship|
|2007 ||Harvard University Teaching Fellowship|
|2006-2008||Brown University Summer Research Fellowship|
|2005-2008||Brown University Graduate Fellowship |