The Influence of Organizational Status on Price and Legitimacy in the Bordeaux Wine Region

The purpose of this article consists in getting a better understanding of the status concept as a classification system. Several approaches to organizational status have been developed in the academic literature. However, its influence as it has been rarely investigated in the literature.We particularly analyze the economic (price) and social (legitimacy) advantages of organizational status. Our findings contribute to the literature on institutional and competitive pressures that organizations are facing. The results show that organizational status brings economic benefits, but not social ones.