The Role of Third-Party Rankings in Status Dynamics: How Does the Stability of Rankings Induce Status Changes?

Most explanations of status dynamics rely on market actor behavior or affiliation to other actors as the primary drivers of change. Yet status is increasingly mediated by third-party intermediaries, which impart status through their ordering of actors. Prior literature suggests that these rankers can affect status orders via changes in the underlying ranking methodology but offers little insight as to whether such changes reflect existing field...