A case study of financialization and EVA®

Gleadle, Pauline; Cornelius, Nelarine

doi:10.1016/j.cpa.2007.03.006

Cited by 41 publications

(37 citation statements)

References 13 publications

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“…Employees across a range of skill levels and disciplines are increasingly required to consider and quantify their contribution to the 'bottom line' (Ezzamel et al, 2008;Gleadle and Cornelius, 2008).…”

Section: Proposition Twomentioning

confidence: 99%

Financialization and value: why labour and the labour process still matter

Cushen

Thompson

2016

Work, Employment and Society

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Despite expanding literatures on financialization, scholarship exploring the relationship to labour and the labour process remains under-developed. A further obstacle has arisen from arguments that novel financialized modes of value extraction render the labour process and labour process analysis less relevant. This article challenges that view and explores how the labour process is still a vital focal point for value creation and extraction. It sets out what scholars should 'look for' to understand the ways in which distinctively financialized mechanisms operate in non-financial corporations and how these dynamics are translated into outcomes for and through labour. The article then provides four key propositions, drawing on labour process theory, which specify how those mechanisms are operationalized and their consequences.

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Section: Proposition Twomentioning

confidence: 99%

Financialization and value: why labour and the labour process still matter

Cushen

Thompson

2016

Work, Employment and Society

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“…Economic Value Added (EVA TM ) is commonly considered an important measure of shareholder value in Western countries (Chiwamit et al, 2014;Ezzamel and Burns, 2005;Froud et al, 2000;Gleadle and Cornelius, 2008). As will be discussed later, due to SASAC's mandate to measure the value created by SOEs for the State shareholder, the EVA TM of an entire SOE needs to be calculated and assessed by SASAC (Chiwamit et al, 2014;Li et al, 2012;Stern, 2011).…”

mentioning

confidence: 99%

IPOs, institutional complexity, and management accounting in hybrid organisations: A field study in a state-owned enterprise in China

Dai

Tan

Tang

et al. 2017

Management Accounting Research

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An initial public offering (IPO) is an important milestone for an organisation. In addition to pressures from capital markets unavoidably imposed onto newly listed firms, other beliefs, rationales, and prescriptions deriving from the institutional environment where they operate may prevail and guide organisational practices. Drawing on the perspective of institutional logics, this paper investigates the implementation of management accounting (MA) within firms that face multiple institutional demands following an IPO. By studying a Chinese state-owned enterprise (SOE) that was recently listed, this paper demonstrates that the interplay of multiple logics, including State, corporate, and capital market logics, shapes the manner in which MA operates. This study also reveals that different MA practices tend to encompass institutional demands in diverse ways and to varying degrees. However, regardless of whether MA practices are implemented to simply respond to plural institutional expectations, connect different organising principles, or balance elements of multiple logics, they function as hybrid practices, helping to maintain the hybrid nature of the firm as a 'listed SOE'. This study makes two main contributions. First, it extends the literature on IPOs by providing an in-depth analysis of how MA is implemented and why it functions in particular ways in firms following an IPO, and by exploring the influences of a wider set of beliefs, rationales, and expectations on the MA practices of newly listed companies. Second, by drawing on the perspective of institutional logics, this paper extends prior research addressing the dynamics between institutional complexity and MA adoption by individual organisations and enriches our understanding of how hybrid organisations may maintain their hybridity through the deployment of MA practices.

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“…Edwards, 2005;Gleadle and Cornelius, 2008;Ramirez and Rainbird, 2010). These categories are not exhaustive and are contributions to a bigger picture.…”

Section: Paradigms Projections and Domainsmentioning

confidence: 99%

Financialization and the workplace: extending and applying the disconnected capitalism thesis

Thompson

2013

Work, Employment and Society

166

189

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The global financial crisis has brought discussion of financialization to the fore. Yet, what is notable is the extent to which the dysfunctional micro-economic consequences of financialization at firm level have gone largely unremarked and unchanged. By revisiting and renewing the disconnected capitalism thesis, this article seeks to rectify the omission of a focus on financialization and the workplace and develops a complex and nuanced bigger picture that explores in some detail changes in accumulation, corporate, work and employment domains. The dual objective is thus to understand the dynamics and drivers of such changes and to identify the extent to which financialization has shaped them. In identifying patterns of connection and disconnection across and within domains, a recurrent theme concerns financialization interacting with, accelerating and exacerbating longer term trends such as labour market insecurity, externalization and internationalization.

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A case study of financialization and EVA®

Cited by 41 publications

References 13 publications

Financialization and value: why labour and the labour process still matter

Financialization and value: why labour and the labour process still matter

IPOs, institutional complexity, and management accounting in hybrid organisations: A field study in a state-owned enterprise in China

Financialization and the workplace: extending and applying the disconnected capitalism thesis

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