In this dissertation, I present three essays on the topic of status growth within the interorganizational setting. In the first essay, I looked at the contextual effect of brokerage on the status growth. In the second essay, I focus on status as organizational identity. Unlike status as advantage, relatively few attentions have been paid to this topic. In the third essay, I verify status dynamics using the instrumental variable approach. By this research, I aim at providing a better account how organizations gain their status. Status, Closure, and Brokerage. This essay explores the question of "what kind of social capital is optimal for growth in status." It starts by reviewing two different views of a network form of social capital: closure vs. brokerage. By considering the interaction between structural holes and status, this article reconciles the two divergent views. Specifically, it claims that brokerage has a positive effect on high-status firms but not on low-status firms. In line with Burt's "magnifying glass" metaphor, the article predicts that the positive effect of brokerage will become greater as organizational status improves. The main proposition of the article is supported by an empirical analysis of the venture capital industry from 1980 to 2004, using a fixed-effects model as well as an alternate model specification. The findings have implications not only for organizational sociology but also, more broadly, for status-attainment research. As a strategic implication, the article suggests that actors should initially position themselves in a cohesive network and increase the level of brokerage as status grows. Status Coherence and Organizational Identity. In this essay, I introduce an additional dimension of organizational identity from the viewpoint of the market audience. In an uncertain situation, the market audience socially identifies organizations by their niche or their relations with other organizations. My research deals with the latter as a way for markets to identify organizations, with a particular focus on status coherence. In this paper, I define status coherence as the degree of convergence (or dispersion) between partners' status for an actor and I explore the effect of status coherence on status growth. On the one hand, a broader spectrum of partners' status may bring the same benefits as brokerage - for example, various types of information and skills. On the other hand, such benefits may be offset by increasing ambiguity in the market's identification of an actor's status. Using both legal/financial advisory networks in the mergers and acquisitions market as well as venture capitalists' networks, I found evidence that status coherence affects future status growth positively. An Examination of Status Dynamics: An Instrumental Variable Approach. This essay intends to add more flexibility to solving the problem of endogeneity. Theorists have explored the interactive feedback mechanism between social structure and the actions of individuals or organizations that are embedded in that structure. Such a model has an advantage of depicting reality more closely, yet endogeneity has been a major methodological challenge in empirical research. An instrumental variable approach is believed to be an effective means to handle this problem, but the application is limited because of an un-testable and unlikely assumption, which is hardly justified and is prone to many criticisms: exclusion restriction. To resolve this problem, the current paper introduces an instrumental variable approach based on the plausibly exogeneity assumption recently developed by Conley, Hansen, and Rossi. I explore the mechanisms by...