ABSTRACT

In the collective psyche, a financier is a capitalist. In managerial capitalism, the notion of the ‘manager’ emerged, and the role of the manager was distinct from the role of the ‘owner’. Financial capitalism is similarly underpinned by financiers who are not the holders of the financial assets they buy, sell, trade or advise upon.

Finance at Work explores the world of financiers, be they finance-oriented CEOs, CFOs, financial journalists, mergers and acquisitions’ advisors or wealth managers. Part I investigates the professional trajectories of members of corporate boards and financialisation as the dissemination of financial logic outside its primary ‘iron cage’; Part II responds by studying financiers at work within financial occupations or financial operations involving external actors; while Part III pursues the issue of financial boundaries by seeking out the way financial logic crosses these boundaries. Part IV takes back the hypothesis of differentiations within finance presented in Part I, and analyses the internal boundaries of asset management, wealth management and leveraged buyout (LBO) acquisitions.

This book is essential reading for researchers and academics within the field of finance who aim to understand the ‘spread of finance’ in contemporary societies.

chapter |22 pages

Introduction

Financiers at work, financialisation on the march

part 1|63 pages

The boundaries of finance

chapter |4 pages

Introduction

Interrogating financialisation as an analytic

chapter 1|13 pages

Let’s make the company a bunch of figures

Professional representations in mergers and acquisitions firms

chapter 2|15 pages

Matching the market

Calibration and the working practices of quants

chapter 3|13 pages

Buying it

Financialisation through socialisation

chapter 4|16 pages

Financial logic and bankers’ institutional entrepreneurship

The politics of the “zombies” debate in bankruptcy proceedings at the Commercial Court of Paris (2000–2005)

part 2|50 pages

Passing through boundaries

chapter |3 pages

Introduction

Financialising economic activities

chapter 5|16 pages

The financialization of the private wealth of farmers

Is it the work of the banks?

chapter 6|15 pages

Financial backlash

When local bankers face social protest

chapter 7|14 pages

The assetisation of South African farmland

The role of finance and brokers

part 3|52 pages

Crossing boundaries

chapter |3 pages

Introduction

The financialisation of finance: The transformation of the French financial elite

chapter 10|14 pages

“I didn’t leave financial journalism, I left classical journalism”

Careers and commitments of French financial journalists at the time of financialisation

part 4|48 pages

Internal boundaries

chapter |3 pages

Introduction

Is sociology of finance a general sociology?

chapter 11|16 pages

Early careers in portfolio and wealth management

The roles of class, race and gender in occupational segmentations

chapter 12|13 pages

Managing fortunes and privacy

Professional rhetoric and boundaries within wealth management

chapter 13|14 pages

The duality of the LBO field