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
ByBoussard. Valérie

part 1|63 pages

The boundaries of finance

chapter |4 pages

Introduction

Interrogating financialisation as an analytic
ByHo Karen

chapter 1|13 pages

Let’s make the company a bunch of figures

Professional representations in mergers and acquisitions firms
ByBoussard. Valérie, Dujarier. Marie-Anne

chapter 2|15 pages

Matching the market

Calibration and the working practices of quants
BySpears. Taylor

chapter 3|13 pages

Buying it

Financialisation through socialisation
ByZwan Natascha van der

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)
ByLazega Emmanuel, Mounier Lise, Lemaire Sylvan

part 2|50 pages

Passing through boundaries

chapter |3 pages

Introduction

Financialising economic activities
ByMacKenzie Donald

chapter 5|16 pages

The financialization of the private wealth of farmers

Is it the work of the banks?
ByLaferté Gilles, Diallo Abdoul

chapter 6|15 pages

Financial backlash

When local bankers face social protest
ByRavelli Quentin

chapter 7|14 pages

The assetisation of South African farmland

The role of finance and brokers
ByDucastel Antoine, Anseeuw Ward

part 3|52 pages

Crossing boundaries

chapter |3 pages

Introduction

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

chapter 9|19 pages

Financialisation through the trajectories of business school graduates in France

ByBoussard Valérie, Paye Simon

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
ByMachut Antoine

part 4|48 pages

Internal boundaries

chapter |3 pages

Introduction

Is sociology of finance a general sociology?
ByGodechot Olivier

chapter 11|16 pages

Early careers in portfolio and wealth management

The roles of class, race and gender in occupational segmentations
ByMignot-Gérard Stéphanie, Perrin-Joly Constance, Sarfati François, Vezinat Nadège

chapter 12|13 pages

Managing fortunes and privacy

Professional rhetoric and boundaries within wealth management
ByHerlin-Giret Camille

chapter 13|14 pages

The duality of the LBO field

ByFoureault Fabien