The Everyday Practice of Valuation and Investment : : Political Imaginaries of Shareholder Value / / Horacio Ortiz.
The financial industry derives its legitimacy through the claim that it acts in the interest of shareholders. A vast international network of funds, banks, insurance companies, brokerages, rating agencies, and regulatory agencies defends its status by asserting that market mechanisms determine a com...
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Place / Publishing House: | New York, NY : : Columbia University Press, , [2021] ©2021 |
Year of Publication: | 2021 |
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Ortiz, Horacio, author. aut http://id.loc.gov/vocabulary/relators/aut The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / Horacio Ortiz. New York, NY : Columbia University Press, [2021] ©2021 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- INTRODUCTION -- 1. THE ORGANIZATIONAL SPACE OF FINANCIAL VALUE -- 2. VALUATION AS A PERSONAL OPINION -- 3. THE TRUTH OF VALUE AS THE RESULT OF EFFICIENT MARKETS -- 4. FINANCIAL VALUE AS POLITICAL ASSEMBLAGE -- CONCLUSION -- NOTES -- BIBLIOGRAPHY -- INDEX restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star The financial industry derives its legitimacy through the claim that it acts in the interest of shareholders. A vast international network of funds, banks, insurance companies, brokerages, rating agencies, and regulatory agencies defends its status by asserting that market mechanisms determine a company’s true value and therefore enriching shareholders contributes to the socially optimal allocation of capital. Is this how stock prices are determined in practice? What does stock valuation reveal about the supposed efficiency of markets and what it means to act on behalf of shareholders?Horacio Ortiz provides a critical analysis of the social institutions and practices that produce and regulate stock pricing and valuation. He examines how financial professionals evaluate and invest in listed companies, unraveling the contradictory definitions of financial value that shape their behavior. Ortiz demonstrates how ideologically laden notions of investing skill and efficient markets are central to the everyday practices of financial valuation, as well as how they function to justify the broader system. He scrutinizes the technical aspects of valuation and investment, their place in social relations within and among companies, and their relation to state regulation in order to demystify how the financial industry presents prices as truths that the rest of society must accept.Drawing on ethnographic fieldwork conducted among stock brokers and investment management companies in New York and Paris, this book shows how the political imaginaries that underpin financial markets are central to producing, sustaining, and legitimizing global inequalities. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Mai 2023) Finance Political aspects. Investments Political aspects. Valuation Political aspects. Value Political aspects. SOCIAL SCIENCE / Technology Studies. bisacsh Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2021 9783110739077 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 English 9783110754001 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 9783110753776 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Education, Psychology, Comm 2021 English 9783110754063 Title is part of eBook package: De Gruyter EBOOK PACKAGE Education, Psychology, Communication 2021 9783110753950 ZDB-23-SEW print 9780231201186 https://www.degruyter.com/isbn/9780231553971 Cover https://www.degruyter.com/document/cover/isbn/9780231553971/original |
language |
English |
format |
eBook |
author |
Ortiz, Horacio, Ortiz, Horacio, |
spellingShingle |
Ortiz, Horacio, Ortiz, Horacio, The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- INTRODUCTION -- 1. THE ORGANIZATIONAL SPACE OF FINANCIAL VALUE -- 2. VALUATION AS A PERSONAL OPINION -- 3. THE TRUTH OF VALUE AS THE RESULT OF EFFICIENT MARKETS -- 4. FINANCIAL VALUE AS POLITICAL ASSEMBLAGE -- CONCLUSION -- NOTES -- BIBLIOGRAPHY -- INDEX |
author_facet |
Ortiz, Horacio, Ortiz, Horacio, |
author_variant |
h o ho h o ho |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Ortiz, Horacio, |
title |
The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / |
title_sub |
Political Imaginaries of Shareholder Value / |
title_full |
The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / Horacio Ortiz. |
title_fullStr |
The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / Horacio Ortiz. |
title_full_unstemmed |
The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / Horacio Ortiz. |
title_auth |
The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / |
title_alt |
Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- INTRODUCTION -- 1. THE ORGANIZATIONAL SPACE OF FINANCIAL VALUE -- 2. VALUATION AS A PERSONAL OPINION -- 3. THE TRUTH OF VALUE AS THE RESULT OF EFFICIENT MARKETS -- 4. FINANCIAL VALUE AS POLITICAL ASSEMBLAGE -- CONCLUSION -- NOTES -- BIBLIOGRAPHY -- INDEX |
title_new |
The Everyday Practice of Valuation and Investment : |
title_sort |
the everyday practice of valuation and investment : political imaginaries of shareholder value / |
publisher |
Columbia University Press, |
publishDate |
2021 |
physical |
1 online resource |
contents |
Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- INTRODUCTION -- 1. THE ORGANIZATIONAL SPACE OF FINANCIAL VALUE -- 2. VALUATION AS A PERSONAL OPINION -- 3. THE TRUTH OF VALUE AS THE RESULT OF EFFICIENT MARKETS -- 4. FINANCIAL VALUE AS POLITICAL ASSEMBLAGE -- CONCLUSION -- NOTES -- BIBLIOGRAPHY -- INDEX |
isbn |
9780231553971 9783110739077 9783110754001 9783110753776 9783110754063 9783110753950 9780231201186 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG4028 |
callnumber-sort |
HG 44028 V3 |
url |
https://www.degruyter.com/isbn/9780231553971 https://www.degruyter.com/document/cover/isbn/9780231553971/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.63/221 |
dewey-sort |
3332.63 3221 |
dewey-raw |
332.63/221 |
dewey-search |
332.63/221 |
oclc_num |
1248599598 |
work_keys_str_mv |
AT ortizhoracio theeverydaypracticeofvaluationandinvestmentpoliticalimaginariesofshareholdervalue AT ortizhoracio everydaypracticeofvaluationandinvestmentpoliticalimaginariesofshareholdervalue |
status_str |
n |
ids_txt_mv |
(DE-B1597)617396 (OCoLC)1248599598 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2021 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2021 Title is part of eBook package: De Gruyter EBOOK PACKAGE Education, Psychology, Comm 2021 English Title is part of eBook package: De Gruyter EBOOK PACKAGE Education, Psychology, Communication 2021 |
is_hierarchy_title |
The Everyday Practice of Valuation and Investment : Political Imaginaries of Shareholder Value / |
container_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2021 |
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1770176085988737024 |
fullrecord |
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