Back-office intricacy: The description of financial objects in an investment bank

Industrial and Corporate Change

Volumn 20, Issue 4, 2011, Pages 1189-1213

  Muniesa, Fabian ^a   Chabert, Dominique ^a,b   Ducrocq Grondiny, Marceline ^c   Scott, Susan V ^d  

^a CENTRE DE SOCIOLOGIE DE L INNOVATION   (France)

^b GATE Lyon Saint Etienne   (France)

^c UNIVERSITÉ DE LA RÉUNION   (France)

^d UNIVERSITY OF LONDON   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; FINANCIAL SERVICES; FINANCIAL SYSTEM; INDUSTRIAL PERFORMANCE; INVESTMENT; QUALITATIVE ANALYSIS; SERVICE SECTOR;

EID: 79960724375     PISSN: 09606491     EISSN: 14643650     Source Type: Journal    
DOI: 10.1093/icc/dtr020     Document Type: Article

References (48)

1. Akrich, M. (1992), 'The de-scription of technical objects,' in W. E. Bijker and J. Law (eds), Shaping Technology/Building Society: Studies in Sociotechnical Change. MIT Press: Cambridge, MA.
2. Becker, H. S. (2009), 'How to find out how to do qualitative research,' International Journal of Communication, 3, 545-553.
3. Beunza, D. and D. Stark (2004), 'Tools of the trade: the socio-technology of arbitrage in a wall street trading room,' Industrial and Corporate Change, 13(2), 369-400.
4. Bijker, W. E. and J. Law (eds) (1992), Shaping Technology/Building Society: Studies in Sociotechnical Change. MIT Press: Cambridge, MA.
5. Bowker, G. C. and S. L. Star (1999), Sorting Things Out: Classification and its Consequences. MIT Press: Cambridge, MA.
6. Brown, A. D. (2005), 'Making sense of the collapse of Barings Bank,' Human Relations, 58(12), 1579-1604.
7. Callon, M., Y. Millo and F. Muniesa (eds) (2007), Market Devices. Blackwell: Oxford.
8. Callon, M. and F. Muniesa (2005), 'Economic markets as calculative collective devices,' Organization Studies, 26(8), 1229-1250.
9. Cooren, F. (2004), 'Textual agency: how texts do things in organizational settings,' Organization, 11(3), 373-393.
10. Drummond, H. (2003), 'Did Nick Leeson have an accomplice? The role of information technology in the collapse of Barings Bank,' Journal of Information Technology, 18(2), 93-101.
11. Flyvbjerg, B. (2006), 'Five misunderstandings about case-study research,' Qualitative Inquiry, 12(2), 219-245.
12. Godechot, O. (2001), Les traders: Essai de sociologie des marchés financiers. La Découverte: Paris.
13. Godechot, O. (2007), Working rich: Salaires, bonus et appropriation du profit dans l'industrie financie're. La Découverte: Paris.
14. Greener, I. (2006), 'Nick Leeson and the collapse of Barings Bank: socio-technical networks and the 'rogue trader,' Organization, 3(3), 421-441.
15. Hardie, I. and D. MacKenzie (2007), 'Assembling an economic actor: the agencement of a hedge fund,' Sociological Review, 55(1), 57-80.
16. Hart, K. and H. Ortiz (2008), 'Anthropology in the financial crisis,' Anthropology Today, 24(6), 1-3.
17. Hatherly, D., D. Leung and D. MacKenzie (2008), 'The finitist accountant,' in T. Pinch and R. Swedberg (eds), Living in a Material World: Economic Sociology Meets Science and Technology Studies. MIT Press: Cambridge, MA.
18. Hopwood, A. G. and P. Miller (eds) (1994), Accounting as Social and Institutional Practice. Cambridge University Press: Cambridge.
19. Huault, I. and H. Rainelli-Le Montagner (2009), 'Market shaping as an answer to ambiguities: the case of credit derivatives,' Organization Studies, 30(5), 549-575.
20. King, M. (2003), Back Office and Beyond: A Guide to Procedures, Settlements and Risk in Financial Markets. Harriman House: Petersfield.
21. Krawiec, K. D. (2009), 'The return of the rogue,' Arizona Law Review, 51(1), 127-174.
22. Lacity, M., L. Willcocks and D. Feeny (2004), 'Commercializing the back office at Lloyds of London: outsourcing and strategic partnerships revisited,' European Management Journal, 22(2), 127-140.
23. Lenglet, M. (2009), 'Aux marges de la triche? Innovation normative et déontologie financie're en salle de marché,' Management & Avenir, 22, 263-284.
24. Lépinay, V.-A. (2007a), 'Parasitic formulae: the case of capital guarantee products,' in M. Callon, Y. Millo and F. Muniesa (eds), Market Devices. Blackwell: Oxford.
25. Lépinay, V.-A. (2007b), 'Decoding finance: articulation and liquidity around a trading room,' in D. MacKenzie, F. Muniesa and L. Siu (eds), Do Economists Make Markets? On the Performativity of Economics. Princeton University Press: Princeton, NJ.
26. Loader, D. (2002), Clearing, Settlement and Custody. Butterworth-Heinemann: Oxford.
27. Maurer, B. (2002), 'Anthropological and accounting knowledge in Islamic banking and finance: Rethinking critical accounts,' Journal of the Royal Anthropological Institute, 8(4), 645-667.
28. March, J. G. (1988), Decisions and Organizations. Blackwell: Oxford.
29. Millo, Y., F. Muniesa, N. S. Panourgias and S. V. Scott (2005), 'Organised detachment: clearinghouse mechanisms in financial markets,' Information and Organization, 15(3), 229-246.
30. Moodie, J. (2009), 'Internal systems and controls that help to prevent rogue trading,' Journal of Securities Operations & Custody, 2(2), 169-180.
31. Muniesa, F. (2007), 'Market technologies and the pragmatics of prices,' Economy and Society, 36(3), 377-395.
32. Muniesa, F. (2008a), 'Trading-room telephones and the identification of counterparts,' in T. Pinch and R. Swedberg (eds), Living in a Material World: Economic Sociology Meets Science and Technology Studies. MIT Press: Cambridge, MA.
33. Muniesa, F. (2008b), 'Attachment and detachment in the economy,' in P. Redman (ed.), Attachment: Sociology and Social Worlds. Manchester University Press: Manchester.
34. Muniesa, F. (2009), 'The description of financial objects,' Anthropology Today, 25(2), 26-27.
35. Norman, P. (2007), Plumbers and Visionaries: Securities Settlement and Europe's Financial Market. John Wiley & Sons: Chichester.
36. Orlikowski, W. and S. V. Scott (2008), 'Sociomateriality: challenging the separation of technology, work and organization,' The Academy of Management Annals, 2(1), 433-474.
37. Pinch, T. and R. Swedberg (eds) (2008), Living in a Material World: Economic Sociology Meets Science and Technology Studies. MIT Press: Cambridge, MA.
38. Power, M. (2005), 'The invention of operational risk,' Review of International Political Economy, 12(4), 577-599.
39. Power, M. (2007), Organized Uncertainty: Designing a World of Risk Management. Oxford University Press: Oxford.
40. Preda, A. (2006), 'Socio-technical agency in financial markets: the case of the stock ticker,' Social Studies of Science, 36(5), 753-782.
41. Previtali, R. (2009), 'Operational risk control: Société Générale and other well-known cases,' Journal of Securities Operations & Custody, 2(1), 24-36.
42. Quattrone, P. (2009), 'Books to be practiced: memory, the power of the visual, and the success of accounting,' Accounting, Organizations and Society, 34(1), 85-118.
43. Safizadeh, M. H., J. M. Field and L. P. Ritzman (2003), 'An empirical analysis of financial services processes with a front-office or back-office orientation,' Journal of Operations Management, 21(5), 557-576.
44. Stark, D. (1999), 'Heterarchy: distributing authority and organizing diversity,' in J. H. I. Clippinger (ed.), The Biology of Business: Decoding the Natural Laws of Enterprise. Jossey-Bass: San Francisco, CA.
45. Stark, D. (2009), The Sense of Dissonance: Accounts of Worth in Economic Life. Princeton University Press: Princeton, NJ.
46. Suchman, L. (1996), 'Supporting articulation work,' in R. Kling (ed.), Computerization and Controversy: Value Conflicts and Social Choices. Morgan Kauffmann: San Francisco, CA.
47. Weick, K. E. (1995), Sensemaking in Organizations. Sage: Thousand Oaks, CA.
48. Weiss, D. M. (2003), After the Trade is Made: Processing Securities Transactions. NYIF: New York, NY.