Chains of Finance: How Investment Management is Shaped by Diane-Laure ArjaliesChains of Finance: How Investment Management is Shaped by Diane-Laure Arjalies

Chains of Finance: How Investment Management is Shaped

byDiane-Laure Arjalies, Philip Grant, Iain Hardie

Hardcover | July 29, 2017

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Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a "chain": an often extended sequence of intermediaries. What goes on in that chain is of huge importance: The world's investment managers, who arenow almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output. In Chains of Finance, five social scientists discuss the ways in which the intermediaries in the chain influence each other, channel the flows of savers' money, enhance investment decisions, and form audiences for each other's performances of financially competent selves. The central argument of thebook is that investment management is fashioned profoundly by the opportunities and constraints this chain creates. Whether chains constrain or enable, however, they always entangle, tying intermediaries to each other - silently and profoundly shaping the investment management industry. Chains ofFinance is a novel analysis that will make students, social scientists, financial professionals, and regulators looking at the workings of financial markets in a new light. A must-read for anyone looking for insights into the decision-making processes of investment managers and those influenced byand working for them.
Diane-Laure Arjalies is an Assistant Professor at the Ivey Business School, Western University (Canada). Before joining Ivey, Diane-Laure was an Assistant Professor at the Accounting and Management Control Department of HEC Paris. She received her PhD in business administration from ESSEC Business School in Paris and holds an MBA and a...
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Title:Chains of Finance: How Investment Management is ShapedFormat:HardcoverDimensions:224 pages, 9.21 × 6.02 × 0.03 inPublished:July 29, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198802943

ISBN - 13:9780198802945

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Table of Contents

1. Investment Management and the Investment Chain2. Chains of Freedom: The Investment Chain Inside the Investment Management Firm3. Fund Managers and their Investors4. Quantitative Asset Managers and their Chains5. Entangled Trading: Fund Managers and Dark Pools6. Bringing Society back into the Investment Chain: Responsible Investing During the Financial Crisis7. Trapped in Resistance: Collective Struggles through the Investment Chain8. ConclusionAppendix. A brief roster of intermediaries