The Everyday Practice of Valuation and Investment

The Everyday Practice of Valuation and Investment
Author :
Publisher : Columbia University Press
Total Pages : 373
Release :
ISBN-10 : 9780231553971
ISBN-13 : 0231553978
Rating : 4/5 (978 Downloads)

Book Synopsis The Everyday Practice of Valuation and Investment by : Horacio Ortiz

Download or read book The Everyday Practice of Valuation and Investment written by Horacio Ortiz and published by Columbia University Press. This book was released on 2021-11-23 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial industry derives its legitimacy through the claim that it acts in the interest of shareholders. A vast international network of funds, banks, insurance companies, brokerages, rating agencies, and regulatory agencies defends its status by asserting that market mechanisms determine a company’s true value and therefore enriching shareholders contributes to the socially optimal allocation of capital. Is this how stock prices are determined in practice? What does stock valuation reveal about the supposed efficiency of markets and what it means to act on behalf of shareholders? Horacio Ortiz provides a critical analysis of the social institutions and practices that produce and regulate stock pricing and valuation. He examines how financial professionals evaluate and invest in listed companies, unraveling the contradictory definitions of financial value that shape their behavior. Ortiz demonstrates how ideologically laden notions of investing skill and efficient markets are central to the everyday practices of financial valuation, as well as how they function to justify the broader system. He scrutinizes the technical aspects of valuation and investment, their place in social relations within and among companies, and their relation to state regulation in order to demystify how the financial industry presents prices as truths that the rest of society must accept. Drawing on ethnographic fieldwork conducted among stock brokers and investment management companies in New York and Paris, this book shows how the political imaginaries that underpin financial markets are central to producing, sustaining, and legitimizing global inequalities.


The Everyday Practice of Valuation and Investment Related Books

The Everyday Practice of Valuation and Investment
Language: en
Pages: 373
Authors: Horacio Ortiz
Categories: Social Science
Type: BOOK - Published: 2021-11-23 - Publisher: Columbia University Press

GET EBOOK

The financial industry derives its legitimacy through the claim that it acts in the interest of shareholders. A vast international network of funds, banks, insu
Constitutions of Value
Language: en
Pages: 229
Authors: Isabel Feichtner
Categories: Political Science
Type: BOOK - Published: 2023-01-19 - Publisher: Taylor & Francis

GET EBOOK

Gathering an interdisciplinary range of cutting-edge scholars, this book addresses legal constitutions of value. Global value production and transnational value
Finding #1 Stocks
Language: en
Pages: 327
Authors: Kevin Matras
Categories: Business & Economics
Type: BOOK - Published: 2011-04-26 - Publisher: John Wiley & Sons

GET EBOOK

Practical trading tools and techniques developed by Zacks Investment Research While there are many stock trading systems on the market today, that use a variety
Common Stocks and Common Sense
Language: en
Pages: 140
Authors: Edgar Wachenheim, III
Categories: Business & Economics
Type: BOOK - Published: 2016-03-25 - Publisher: John Wiley & Sons

GET EBOOK

Deep insight and candid discussion from one of Wall Street's best investors Common Stocks and Common Sense provides detailed insight into common stock investing
How Do I Conduct Ethnographic Research?
Language: en
Pages: 153
Authors: Hugo Letiche
Categories: Business & Economics
Type: BOOK - Published: 2024-10-03 - Publisher: Edward Elgar Publishing

GET EBOOK

Providing indispensable guidance to how to engage in and carry out ethnographic research, this book highlights the potential advantages and possible pitfalls of