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The Resource The everyday practice of valuation and investment : political imaginaries of shareholder value, Horacio Ortiz

The everyday practice of valuation and investment : political imaginaries of shareholder value, Horacio Ortiz

Label
The everyday practice of valuation and investment : political imaginaries of shareholder value
Title
The everyday practice of valuation and investment
Title remainder
political imaginaries of shareholder value
Statement of responsibility
Horacio Ortiz
Creator
Subject
Language
  • eng
  • fre
  • eng
Summary
"The finance industry occupies a central role in the distribution of credit worldwide. It is global network of funds, banks, insurance companies, brokerages, rating agencies, and regulatory agencies that control vast sums of money that surpass the economic power of most sovereign states. It is founded on the assumption core to capitalism that individuals meet freely within the market where prices will reflect a true value based on equilibrium of supply and demand. But what happens when we look critically at the way in which stock values are produced by the financial industry? What does this tell us about the supposed naturalness of markets and their efficiency in distributing economic resources? In Shareholder Value, Horacio Ortiz provides a critical analysis of the social institutions and practices that produce and regulate stock pricing and valuations. He demonstrates how the imaginaries of free investors and efficient markets are central to financial valuation, but they are illusive concepts even to those who depend on them. They make sense when viewed in the context of the financial industry as the legitimation of the financial industry that depends on them. Shareholder Value is based on ethnographic data gather by Ortiz in New York, Paris, and Shanghai over the course of twelve years, inclusive of interviews and internships at investment banks and interviews and course instruction at a business school. In doing so, Ortiz provides the reader with a concise understanding of the concepts that underpin global financial markets, inclusive of financial valuation, personal valuation, market efficiency, and true value"--
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorDate
1974-
http://library.link/vocab/creatorName
Ortiz, Horacio
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Valuation
  • Investments
  • Value
  • Finance
Label
The everyday practice of valuation and investment : political imaginaries of shareholder value, Horacio Ortiz
Instantiates
Publication
Note
Translated from the French
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
The Organizational Space of Financial Value -- Valuation as a Personal Opinion -- The Truth of Value as the Result of Efficient Markets -- Financial Value as Political Assemblage -- Conclusion
Control code
on1245923217
Dimensions
23 cm
Extent
ix, 315 pages
Isbn
9780231201193
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1245923217
Label
The everyday practice of valuation and investment : political imaginaries of shareholder value, Horacio Ortiz
Publication
Note
Translated from the French
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
The Organizational Space of Financial Value -- Valuation as a Personal Opinion -- The Truth of Value as the Result of Efficient Markets -- Financial Value as Political Assemblage -- Conclusion
Control code
on1245923217
Dimensions
23 cm
Extent
ix, 315 pages
Isbn
9780231201193
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1245923217
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