The Sociology of Financial Markets
金融市场社会学

# Author:Karin Knorr Cetina , Alex Preda
# Format:PDF 1.3MB
# Page Count: 336 pages
# Publisher: Oxford University Press, USA; New Ed edition (June 7, 2006)
# Language: English
# ISBN-10: 0199296928
# ISBN-13: 978-0199296927

Financial markets have often been seen by economists as efficient mechanisms that fulfill vital functions within economies. But do financial markets really operate in such a straightforward manner? The Sociology of Financial Markets approaches financial markets from a sociological perspective. It seeks to provide an adequate sociological coneptualization of financial markets, and examine who the actors within them are, how they operate, within which networks, and how these networks are structured. Patterns of trading, trading room coordination, and global interaction are studied to help us better understand how markets work and the types of reasoning behind these trends. Financial markets also have a structural impact on the governance of social and economic institutions. Until now, sociologists have examined issues of governance mostly with respect to the legal framework of financial transactions. Contributions in this book highlight the ways in which financial markets shape the inner working and structure of corporations and their governance. Finally the book seeks to investigate the symbolic aspects of financial markets. Financial markets affect not only economic and social structures but also societal cultural images and frameworks of meaning. Barbara Czarniawska demonstrates how representations of gender relationships are a case in point. Arguing that financial markets are not simply neutral with respect to questions of gender but enhance certain images and interpretations of men and women. Addressing many important topics from a sociological perspective for the first time, this book will be key reading for academics, researchers, and advanced students of financial markets in Business, Management, Economics, Finance, and Sociology.


中文介绍 [自动翻译,仅供参考]
金融市场往往被认为是经济学家的有效机制，履行职能的重要经济体。但金融市场的真正运作，在这样一个简单的方式？社会学金融市场的办法，金融市场从社会学的角度来看。它旨在提供一个足够的社会学coneptualization的金融市场，并研究人的行为者，他们是，他们如何运作，其中网络，以及如何将这些网络结构。模式的交易中，交易室协调，与全球的互动研究，以帮助我们更好地了解市场运作和发展什么类型的道理，这些趋势。金融市场也有一个结构性的影响，对执政的社会和经济机构。目前为止，社会学家研究治理问题大多与尊重法律的框架内进行金融交易。贡献，在这本书突出了如何在金融市场形成的内在工作和结构的公司和它们的治理。最后，这本书旨在探讨象征性方面的金融市场。金融市场的影响不仅是经济和社会结构，而且还社会文化形象和框架的意义。芭芭拉 czarniawska演示了如何交涉的性别关系是一个很好的例子。认为金融市场并非简单的中性方面的问题，性别，但提高某些图象和表述的男人和女人。解决了许多重要的课题，从社会学的角度，为第一次，这本书将重点读，为学者，研究人员和学生的先进金融市场在商业，管理，经济学，财务管理和社会学。

CONTENTS
List of Figures ix
List of Tables x
List of Contributors xi
Introduction 1
Karin Knorr Cetina and Alex Preda
Section I. Inside Financial Markets
1. The Embeddedness of Electronic Markets: The Case
of Global Capital Markets 17
Saskia Sassen
2. How are Global Markets Global? The Architecture
of a Flow World 38
Karin Knorr Cetina
3. How a Superportfolio Emerges: Long-Term Capital Management
and the Sociology of Arbitrage 62
Donald MacKenzie
4. How to Recognize Opportunities: Heterarchical Search in a
Trading Room 84
Daniel Beunza and David Stark
5. Emotions on the Trading Floor: Social and
Symbolic Expressions 102
Jean-Pierre Hassoun
6. Women in Financial Services: Fiction and More Fiction 121
Barbara Czarniawska
Section II. The Age of the Investor
7. The Investor as a Cultural Figure of Global Capitalism 141
Alex Preda
8. The Values and Beliefs of European Investors 163
Werner De Bondt

9. Conflicts of Interests in the US Brokerage Industry 187
Richard Swedberg
Section III. Finance and Governance
10. Interpretive Politics at the Federal Reserve 207
Mitchel Y. Abolafia
11. The Return of Bureaucracy: Managing Dispersed
Knowledge in Global Finance 229
Gordon L. Clark and Nigel Thrift
12. Enterprise Risk Management and the Organization of
Uncertainty in Financial Institutions 250
Michael Power
13. Managing Investors: How Financial Markets Reshaped
the American Firm 269
Dirk Zorn, Frank Dobbin, Julian Dierkes, and Man-shan Kwok
14. Nothing but Net? Networks and Status in
Corporate Governance 290
Gerald Davis and Gregory Robbins
Index 313