Taking the Floor : : Models, Morals, and Management in a Wall Street Trading Room / / Daniel Beunza.
Debates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured-organizational culture matters as well. Based on extensive research in a Wall Street derivatives trading room, Taking the Floor considers how the culture of f...
Saved in:
Superior document: | Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 English |
---|---|
VerfasserIn: | |
Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2019] ©2019 |
Year of Publication: | 2019 |
Language: | English |
Online Access: | |
Physical Description: | 1 online resource (344 p.) :; 27 b/w illus. 1 table. |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
9780691185996 |
---|---|
ctrlnum |
(DE-B1597)527261 (OCoLC)1105199070 |
collection |
bib_alma |
record_format |
marc |
spelling |
Beunza, Daniel, author. aut http://id.loc.gov/vocabulary/relators/aut Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / Daniel Beunza. Princeton, NJ : Princeton University Press, [2019] ©2019 1 online resource (344 p.) : 27 b/w illus. 1 table. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- 1. Introduction -- 2. First Impressions -- 3. Trading Robots and Social Cues -- 4. Animating the Market -- 5. Models and Reflexivity -- 6. Managers -- 7. Performative Spirals -- 8. Norms -- 9. Resonance -- 10. The Global Financial Crisis -- 11. Scandal -- 12. When All Is Said and Done -- 13. Conclusion -- METHODOLOGICAL NOTE -- NOTES -- BIBLIOGRAPHY -- INDEX restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star Debates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured-organizational culture matters as well. Based on extensive research in a Wall Street derivatives trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging and troubling influence on Wall Street. How have models reshaped financial markets? How have models altered moral behavior in organizations?Beunza takes readers behind the scenes into a bank unit that, within its firm, is widely perceived to be "a class act" and he considers how this trading room unit might serve as a blueprint solution for the ills of Wall Street's unsustainable culture. Beunza demonstrates that the integration of traders across desks reduces the danger of blind spots created by models. Warning against the risk of moral disengagement posed by the use of models, he also contends that such disengagement could be avoided by instituting moral norms and social relations.Providing a unique perspective on a complex subject, Taking the Floor profiles what an effective, responsible trading room can and should look like. Issued also in print. 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. Jul 2021) Corporate culture United States Case studies. Investment bankers United States Case studies. Investment banking Moral and ethical aspects United States Case studies. Organizational behavior United States Case studies. SOCIAL SCIENCE / Sociology / General. bisacsh Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 English 9783110610765 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 9783110664232 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics, Law & Social Sciences 2019 ENG 9783110610130 Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2019 9783110606485 ZDB-23-DSW print 9780691162812 https://doi.org/10.1515/9780691185996?locatt=mode:legacy https://www.degruyter.com/isbn/9780691185996 Cover https://www.degruyter.com/cover/covers/9780691185996.jpg |
language |
English |
format |
eBook |
author |
Beunza, Daniel, Beunza, Daniel, |
spellingShingle |
Beunza, Daniel, Beunza, Daniel, Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- 1. Introduction -- 2. First Impressions -- 3. Trading Robots and Social Cues -- 4. Animating the Market -- 5. Models and Reflexivity -- 6. Managers -- 7. Performative Spirals -- 8. Norms -- 9. Resonance -- 10. The Global Financial Crisis -- 11. Scandal -- 12. When All Is Said and Done -- 13. Conclusion -- METHODOLOGICAL NOTE -- NOTES -- BIBLIOGRAPHY -- INDEX |
author_facet |
Beunza, Daniel, Beunza, Daniel, |
author_variant |
d b db d b db |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Beunza, Daniel, |
title |
Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / |
title_sub |
Models, Morals, and Management in a Wall Street Trading Room / |
title_full |
Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / Daniel Beunza. |
title_fullStr |
Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / Daniel Beunza. |
title_full_unstemmed |
Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / Daniel Beunza. |
title_auth |
Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / |
title_alt |
Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- 1. Introduction -- 2. First Impressions -- 3. Trading Robots and Social Cues -- 4. Animating the Market -- 5. Models and Reflexivity -- 6. Managers -- 7. Performative Spirals -- 8. Norms -- 9. Resonance -- 10. The Global Financial Crisis -- 11. Scandal -- 12. When All Is Said and Done -- 13. Conclusion -- METHODOLOGICAL NOTE -- NOTES -- BIBLIOGRAPHY -- INDEX |
title_new |
Taking the Floor : |
title_sort |
taking the floor : models, morals, and management in a wall street trading room / |
publisher |
Princeton University Press, |
publishDate |
2019 |
physical |
1 online resource (344 p.) : 27 b/w illus. 1 table. Issued also in print. |
contents |
Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- 1. Introduction -- 2. First Impressions -- 3. Trading Robots and Social Cues -- 4. Animating the Market -- 5. Models and Reflexivity -- 6. Managers -- 7. Performative Spirals -- 8. Norms -- 9. Resonance -- 10. The Global Financial Crisis -- 11. Scandal -- 12. When All Is Said and Done -- 13. Conclusion -- METHODOLOGICAL NOTE -- NOTES -- BIBLIOGRAPHY -- INDEX |
isbn |
9780691185996 9783110610765 9783110664232 9783110610130 9783110606485 9780691162812 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG4930 |
callnumber-sort |
HG 44930.5 B48 42020 |
genre_facet |
Case studies. |
geographic_facet |
United States |
url |
https://doi.org/10.1515/9780691185996?locatt=mode:legacy https://www.degruyter.com/isbn/9780691185996 https://www.degruyter.com/cover/covers/9780691185996.jpg |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.640973 |
dewey-sort |
3332.640973 |
dewey-raw |
332.640973 |
dewey-search |
332.640973 |
doi_str_mv |
10.1515/9780691185996?locatt=mode:legacy |
oclc_num |
1105199070 |
work_keys_str_mv |
AT beunzadaniel takingthefloormodelsmoralsandmanagementinawallstreettradingroom |
status_str |
n |
ids_txt_mv |
(DE-B1597)527261 (OCoLC)1105199070 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics, Law & Social Sciences 2019 ENG Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2019 |
is_hierarchy_title |
Taking the Floor : Models, Morals, and Management in a Wall Street Trading Room / |
container_title |
Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 English |
_version_ |
1806143256239538176 |
fullrecord |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05017nam a22007815i 4500</leader><controlfield tag="001">9780691185996</controlfield><controlfield tag="003">DE-B1597</controlfield><controlfield tag="005">20210729020517.0</controlfield><controlfield tag="006">m|||||o||d||||||||</controlfield><controlfield tag="007">cr || ||||||||</controlfield><controlfield tag="008">210729t20192019nju fo d z eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780691185996</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1515/9780691185996</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-B1597)527261</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1105199070</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-B1597</subfield><subfield code="b">eng</subfield><subfield code="c">DE-B1597</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">nju</subfield><subfield code="c">US-NJ</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG4930.5</subfield><subfield code="b">.B48 2020</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">SOC026000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">332.640973</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Beunza, Daniel, </subfield><subfield code="e">author.</subfield><subfield code="4">aut</subfield><subfield code="4">http://id.loc.gov/vocabulary/relators/aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Taking the Floor :</subfield><subfield code="b">Models, Morals, and Management in a Wall Street Trading Room /</subfield><subfield code="c">Daniel Beunza.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Princeton, NJ : </subfield><subfield code="b">Princeton University Press, </subfield><subfield code="c">[2019]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2019</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (344 p.) :</subfield><subfield code="b">27 b/w illus. 1 table.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">text file</subfield><subfield code="b">PDF</subfield><subfield code="2">rda</subfield></datafield><datafield tag="505" ind1="0" ind2="0"><subfield code="t">Frontmatter -- </subfield><subfield code="t">CONTENTS -- </subfield><subfield code="t">ACKNOWLEDGMENTS -- </subfield><subfield code="t">1. Introduction -- </subfield><subfield code="t">2. First Impressions -- </subfield><subfield code="t">3. Trading Robots and Social Cues -- </subfield><subfield code="t">4. Animating the Market -- </subfield><subfield code="t">5. Models and Reflexivity -- </subfield><subfield code="t">6. Managers -- </subfield><subfield code="t">7. Performative Spirals -- </subfield><subfield code="t">8. Norms -- </subfield><subfield code="t">9. Resonance -- </subfield><subfield code="t">10. The Global Financial Crisis -- </subfield><subfield code="t">11. Scandal -- </subfield><subfield code="t">12. When All Is Said and Done -- </subfield><subfield code="t">13. Conclusion -- </subfield><subfield code="t">METHODOLOGICAL NOTE -- </subfield><subfield code="t">NOTES -- </subfield><subfield code="t">BIBLIOGRAPHY -- </subfield><subfield code="t">INDEX</subfield></datafield><datafield tag="506" ind1="0" ind2=" "><subfield code="a">restricted access</subfield><subfield code="u">http://purl.org/coar/access_right/c_16ec</subfield><subfield code="f">online access with authorization</subfield><subfield code="2">star</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Debates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured-organizational culture matters as well. Based on extensive research in a Wall Street derivatives trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging and troubling influence on Wall Street. How have models reshaped financial markets? How have models altered moral behavior in organizations?Beunza takes readers behind the scenes into a bank unit that, within its firm, is widely perceived to be "a class act" and he considers how this trading room unit might serve as a blueprint solution for the ills of Wall Street's unsustainable culture. Beunza demonstrates that the integration of traders across desks reduces the danger of blind spots created by models. Warning against the risk of moral disengagement posed by the use of models, he also contends that such disengagement could be avoided by instituting moral norms and social relations.Providing a unique perspective on a complex subject, Taking the Floor profiles what an effective, responsible trading room can and should look like.</subfield></datafield><datafield tag="530" ind1=" " ind2=" "><subfield code="a">Issued also in print.</subfield></datafield><datafield tag="538" ind1=" " ind2=" "><subfield code="a">Mode of access: Internet via World Wide Web.</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">In English.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Jul 2021)</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Corporate culture</subfield><subfield code="z">United States</subfield><subfield code="v">Case studies.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Investment bankers</subfield><subfield code="z">United States</subfield><subfield code="v">Case studies.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Investment banking</subfield><subfield code="x">Moral and ethical aspects</subfield><subfield code="z">United States</subfield><subfield code="v">Case studies.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Organizational behavior</subfield><subfield code="z">United States</subfield><subfield code="v">Case studies.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">SOCIAL SCIENCE / Sociology / General.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Title is part of eBook package:</subfield><subfield code="d">De Gruyter</subfield><subfield code="t">EBOOK PACKAGE COMPLETE 2019 English</subfield><subfield code="z">9783110610765</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Title is part of eBook package:</subfield><subfield code="d">De Gruyter</subfield><subfield code="t">EBOOK PACKAGE COMPLETE 2019</subfield><subfield code="z">9783110664232</subfield><subfield code="o">ZDB-23-DGG</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Title is part of eBook package:</subfield><subfield code="d">De Gruyter</subfield><subfield code="t">EBOOK PACKAGE Economics, Law & Social Sciences 2019 ENG</subfield><subfield code="z">9783110610130</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Title is part of eBook package:</subfield><subfield code="d">De Gruyter</subfield><subfield code="t">EBOOK PACKAGE Social Sciences 2019</subfield><subfield code="z">9783110606485</subfield><subfield code="o">ZDB-23-DSW</subfield></datafield><datafield tag="776" ind1="0" ind2=" "><subfield code="c">print</subfield><subfield code="z">9780691162812</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1515/9780691185996?locatt=mode:legacy</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://www.degruyter.com/isbn/9780691185996</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="3">Cover</subfield><subfield code="u">https://www.degruyter.com/cover/covers/9780691185996.jpg</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">978-3-11-061013-0 EBOOK PACKAGE Economics, Law & Social Sciences 2019 ENG</subfield><subfield code="b">2019</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">978-3-11-061076-5 EBOOK PACKAGE COMPLETE 2019 English</subfield><subfield code="b">2019</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_CL_SN</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EBKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ECL_SN</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_EEBKALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_ESSHALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_PPALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_SSHALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">EBA_STMALL</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV-deGruyter-alles</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA11SSHE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA12STME</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA13ENGE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA17SSHEE</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">PDA5EBK</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-23-DGG</subfield><subfield code="b">2019</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-23-DSW</subfield><subfield code="b">2019</subfield></datafield></record></collection> |