Normalized Financial Wrongdoing

Normalized Financial Wrongdoing

Author: Harland Prechel

Publisher: Stanford University Press

Published: 2020-11-24

Total Pages: 306

ISBN-13: 1503614468

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In Normalized Financial Wrongdoing, Harland Prechel examines how social structural arrangements that extended corporate property rights and increased managerial control opened the door for misconduct and, ultimately, the 2008 financial crisis. Beginning his analysis with the financialization of the home-mortgage market in the 1930s, Prechel shows how pervasive these arrangements had become by the end of the century, when the bank and energy sectors developed political strategies to participate in financial markets. His account adopts a multilevel approach that considers the political and legal landscapes in which corporations are embedded to answer two questions: how did banks and financial firms transition from being providers of capital to financial market actors? Second, how did new organizational structures cause market participants to engage in high-risk activities? After careful historical analysis, Prechel examines how organizational and political-legal arrangements contribute to current record-high income and wealth inequality, and considers societal preconditions for change.


Book Synopsis Normalized Financial Wrongdoing by : Harland Prechel

Download or read book Normalized Financial Wrongdoing written by Harland Prechel and published by Stanford University Press. This book was released on 2020-11-24 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Normalized Financial Wrongdoing, Harland Prechel examines how social structural arrangements that extended corporate property rights and increased managerial control opened the door for misconduct and, ultimately, the 2008 financial crisis. Beginning his analysis with the financialization of the home-mortgage market in the 1930s, Prechel shows how pervasive these arrangements had become by the end of the century, when the bank and energy sectors developed political strategies to participate in financial markets. His account adopts a multilevel approach that considers the political and legal landscapes in which corporations are embedded to answer two questions: how did banks and financial firms transition from being providers of capital to financial market actors? Second, how did new organizational structures cause market participants to engage in high-risk activities? After careful historical analysis, Prechel examines how organizational and political-legal arrangements contribute to current record-high income and wealth inequality, and considers societal preconditions for change.


Visions of Financial Order

Visions of Financial Order

Author: Kim Pernell

Publisher: Princeton University Press

Published: 2024-08-13

Total Pages: 320

ISBN-13: 0691255431

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How differences in national financial regulatory systems emerged from divergent beliefs about economic order and prosperity The global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order, Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain—three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis. In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Pernell shows how the different (and sometimes competing) principles of order embedded in each country’s regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis.


Book Synopsis Visions of Financial Order by : Kim Pernell

Download or read book Visions of Financial Order written by Kim Pernell and published by Princeton University Press. This book was released on 2024-08-13 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How differences in national financial regulatory systems emerged from divergent beliefs about economic order and prosperity The global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order, Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain—three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis. In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Pernell shows how the different (and sometimes competing) principles of order embedded in each country’s regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis.


A Modern Guide to Economic Sociology

A Modern Guide to Economic Sociology

Author: Milan Zafirovski

Publisher: Edward Elgar Publishing

Published: 2020-12-25

Total Pages: 368

ISBN-13: 1789901316

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This accessible guide to the rapidly growing and interdisciplinary field of modern economic sociology offers critical insights into its fundamental concepts and developments. International in scope, contributions from leading economic sociologists and sociologically-minded economists explore the intersections and implications for theory and empirical research in both disciplines.


Book Synopsis A Modern Guide to Economic Sociology by : Milan Zafirovski

Download or read book A Modern Guide to Economic Sociology written by Milan Zafirovski and published by Edward Elgar Publishing. This book was released on 2020-12-25 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This accessible guide to the rapidly growing and interdisciplinary field of modern economic sociology offers critical insights into its fundamental concepts and developments. International in scope, contributions from leading economic sociologists and sociologically-minded economists explore the intersections and implications for theory and empirical research in both disciplines.


The Routledge International Handbook of Economic Sociology

The Routledge International Handbook of Economic Sociology

Author: Milan Zafirovski

Publisher: Taylor & Francis

Published: 2023-05-12

Total Pages: 862

ISBN-13: 1000877957

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This handbook presents a systematic and comprehensive overview of economic sociology, an exemplary interdisciplinary field which draws on theoretical frameworks and empirical findings from both economics and sociology to present a unique lens on the interdependence of the economy and society. The handbook is arranged in four parts which together present the current state-of-the-art of economic sociology as well as pointing toward future directions for research. The first part outlines the theoretical foundations of economic sociology and its relations to other fields, particularly with regard to other alternative approaches to economics, and looks at conceptions and definitions of economic sociology vary. The second part provides an overview of the historical development of economic sociology from classical political economy to the present day. The third part explores the main problematics of economic sociology, analyzing the economy in relation to particular social institutions, the state, ideology, culture and art, religion, gender, race/ethnicity, and more. The fourth part focuses on the principal branches including sociology of the market, industrial organization and work, uncertainty, distribution and inequality, money and finance, and the environment. The stellar international cast of contributors is drawn from both economics and sociology, therefore presenting a holistic view of the field and contributing to a rejuvenation of economic sociology within economics. It is an indispensable reference work for researchers and students across a broad range of sociological and economic disciplines.


Book Synopsis The Routledge International Handbook of Economic Sociology by : Milan Zafirovski

Download or read book The Routledge International Handbook of Economic Sociology written by Milan Zafirovski and published by Taylor & Francis. This book was released on 2023-05-12 with total page 862 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook presents a systematic and comprehensive overview of economic sociology, an exemplary interdisciplinary field which draws on theoretical frameworks and empirical findings from both economics and sociology to present a unique lens on the interdependence of the economy and society. The handbook is arranged in four parts which together present the current state-of-the-art of economic sociology as well as pointing toward future directions for research. The first part outlines the theoretical foundations of economic sociology and its relations to other fields, particularly with regard to other alternative approaches to economics, and looks at conceptions and definitions of economic sociology vary. The second part provides an overview of the historical development of economic sociology from classical political economy to the present day. The third part explores the main problematics of economic sociology, analyzing the economy in relation to particular social institutions, the state, ideology, culture and art, religion, gender, race/ethnicity, and more. The fourth part focuses on the principal branches including sociology of the market, industrial organization and work, uncertainty, distribution and inequality, money and finance, and the environment. The stellar international cast of contributors is drawn from both economics and sociology, therefore presenting a holistic view of the field and contributing to a rejuvenation of economic sociology within economics. It is an indispensable reference work for researchers and students across a broad range of sociological and economic disciplines.


Handbook on Inequality and the Environment

Handbook on Inequality and the Environment

Author: Michael A. Long

Publisher: Edward Elgar Publishing

Published: 2023-06-01

Total Pages: 667

ISBN-13: 1800881134

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This innovative Handbook provides a comprehensive treatment of the complex relationship between inequality and the environment and illustrates the myriad ways in which they intersect. Featuring over 30 contributions from leading experts in the field, it explores the ways in which inequality impacts three of the most pressing contemporary environmental issues: climate change, natural resource extraction, and food insecurity.


Book Synopsis Handbook on Inequality and the Environment by : Michael A. Long

Download or read book Handbook on Inequality and the Environment written by Michael A. Long and published by Edward Elgar Publishing. This book was released on 2023-06-01 with total page 667 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative Handbook provides a comprehensive treatment of the complex relationship between inequality and the environment and illustrates the myriad ways in which they intersect. Featuring over 30 contributions from leading experts in the field, it explores the ways in which inequality impacts three of the most pressing contemporary environmental issues: climate change, natural resource extraction, and food insecurity.


The Qur'ân's Self Image

The Qur'ân's Self Image

Author: Daniel Madigan

Publisher: Princeton University Press

Published: 2001-06-18

Total Pages: 320

ISBN-13: 0691059500

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What does the Qur'an mean, then, when it so often calls itself Kitab, a term usually taken both by Muslims and by Western scholars to mean "book"?".


Book Synopsis The Qur'ân's Self Image by : Daniel Madigan

Download or read book The Qur'ân's Self Image written by Daniel Madigan and published by Princeton University Press. This book was released on 2001-06-18 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: What does the Qur'an mean, then, when it so often calls itself Kitab, a term usually taken both by Muslims and by Western scholars to mean "book"?".


Whistle-Blowing in Organizations

Whistle-Blowing in Organizations

Author: Marcia P. Miceli

Publisher: Psychology Press

Published: 2013-01-11

Total Pages: 244

ISBN-13: 113667571X

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This is a research-based book on whistle-blowing in organizations. The three noted authors describe studies on this important topic and the implications of the research and theory for organizational behavior, managerial practice, and public policy. In the past few years there have been critical developments, including corporate scandals, which have called public attention to whistle-blowing and have led to the first comprehensive federal legislation to protect private sector whistle-blowers (the Sarbanes-Oxley Act). This book is the first to integrate these new developments in an analytic and empirically grounded approach to whistle-blowing in organizations.


Book Synopsis Whistle-Blowing in Organizations by : Marcia P. Miceli

Download or read book Whistle-Blowing in Organizations written by Marcia P. Miceli and published by Psychology Press. This book was released on 2013-01-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a research-based book on whistle-blowing in organizations. The three noted authors describe studies on this important topic and the implications of the research and theory for organizational behavior, managerial practice, and public policy. In the past few years there have been critical developments, including corporate scandals, which have called public attention to whistle-blowing and have led to the first comprehensive federal legislation to protect private sector whistle-blowers (the Sarbanes-Oxley Act). This book is the first to integrate these new developments in an analytic and empirically grounded approach to whistle-blowing in organizations.


Organizational Wrongdoing

Organizational Wrongdoing

Author: Donald Palmer

Publisher: Cambridge University Press

Published: 2016-07-18

Total Pages: 547

ISBN-13: 1107117712

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A comprehensive overview of the causes, processes and consequences of wrongdoing and misconduct across all levels of an organization.


Book Synopsis Organizational Wrongdoing by : Donald Palmer

Download or read book Organizational Wrongdoing written by Donald Palmer and published by Cambridge University Press. This book was released on 2016-07-18 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of the causes, processes and consequences of wrongdoing and misconduct across all levels of an organization.


The Challenger Launch Decision

The Challenger Launch Decision

Author: Diane Vaughan

Publisher: University of Chicago Press

Published: 2016-01-04

Total Pages: 622

ISBN-13: 022634696X

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“An in-depth account of the events and personal actions which led to a great tragedy in the history of America’s space program.” —James D. Smith, former Solid Rocket Booster Chief, NASA, Marshall Space Flight Center When the Space Shuttle Challenger exploded on January 28, 1986, millions of Americans became bound together in a single, historic moment. Many still vividly remember exactly where they were and what they were doing when they heard about the tragedy. Diane Vaughan recreates the steps leading up to that fateful decision, contradicting conventional interpretations to prove that what occurred at NASA was not skullduggery or misconduct but a disastrous mistake. Why did NASA managers, who not only had all the information prior to the launch but also were warned against it, decide to proceed? In retelling how the decision unfolded through the eyes of the managers and the engineers, Vaughan uncovers an incremental descent into poor judgment, supported by a culture of high-risk technology. She reveals how and why NASA insiders, when repeatedly faced with evidence that something was wrong, normalized the deviance so that it became acceptable to them. In a new preface, Vaughan reveals the ramifications for this book and for her when a similar decision-making process brought down NASA’s Space Shuttle Columbia in 2003. “Vaughn finds the traditional explanation of the [Challenger] accident to be profoundly unsatisfactory . . . One by one, she unravels the conclusions of the Rogers Commission.” —The New York Times “A landmark study.” —Atlantic “Vaughn gives us a rare view into the working level realities of NASA . . . The cumulative force of her argument and evidence is compelling.” —Scientific American


Book Synopsis The Challenger Launch Decision by : Diane Vaughan

Download or read book The Challenger Launch Decision written by Diane Vaughan and published by University of Chicago Press. This book was released on 2016-01-04 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt: “An in-depth account of the events and personal actions which led to a great tragedy in the history of America’s space program.” —James D. Smith, former Solid Rocket Booster Chief, NASA, Marshall Space Flight Center When the Space Shuttle Challenger exploded on January 28, 1986, millions of Americans became bound together in a single, historic moment. Many still vividly remember exactly where they were and what they were doing when they heard about the tragedy. Diane Vaughan recreates the steps leading up to that fateful decision, contradicting conventional interpretations to prove that what occurred at NASA was not skullduggery or misconduct but a disastrous mistake. Why did NASA managers, who not only had all the information prior to the launch but also were warned against it, decide to proceed? In retelling how the decision unfolded through the eyes of the managers and the engineers, Vaughan uncovers an incremental descent into poor judgment, supported by a culture of high-risk technology. She reveals how and why NASA insiders, when repeatedly faced with evidence that something was wrong, normalized the deviance so that it became acceptable to them. In a new preface, Vaughan reveals the ramifications for this book and for her when a similar decision-making process brought down NASA’s Space Shuttle Columbia in 2003. “Vaughn finds the traditional explanation of the [Challenger] accident to be profoundly unsatisfactory . . . One by one, she unravels the conclusions of the Rogers Commission.” —The New York Times “A landmark study.” —Atlantic “Vaughn gives us a rare view into the working level realities of NASA . . . The cumulative force of her argument and evidence is compelling.” —Scientific American


Organizational Wrongdoing as the “Foundational” Grand Challenge

Organizational Wrongdoing as the “Foundational” Grand Challenge

Author: Claudia Gabbioneta

Publisher: Emerald Group Publishing

Published: 2023-07-24

Total Pages: 298

ISBN-13: 183753280X

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Organizational Wrongdoing as the “Foundational” Grand Challenge: Definitions and Antecedents consolidates and extends knowledge on the subject of organizational wrongdoing and highlights potential directions for future research.


Book Synopsis Organizational Wrongdoing as the “Foundational” Grand Challenge by : Claudia Gabbioneta

Download or read book Organizational Wrongdoing as the “Foundational” Grand Challenge written by Claudia Gabbioneta and published by Emerald Group Publishing. This book was released on 2023-07-24 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organizational Wrongdoing as the “Foundational” Grand Challenge: Definitions and Antecedents consolidates and extends knowledge on the subject of organizational wrongdoing and highlights potential directions for future research.