Pushing the epsilon to the abyss post-modern finance

Frankfurter, George M.

doi:10.1016/s1057-5219(97)90012-0

Cited by 2 publications

(1 citation statement)

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“…Work from critical theorists has suggested that the SRI style possibly serves as a manifestation of institutional legitimacy (Owen, 1990, contra Bruyn, 1987Schwartz, 2003) and the political economy (Cullis et al, 1992;Frankfurter et al, 1997;Grahl, 2006;Haigh and Hazelton, 2004;Haigh, 2006b;Harte et al, 1991;Lewis et al, 1998;Mackenzie, unpublished Ph.D. thesis;O'Rourke, 2003;Paul and Aquila, 1988). Others have commented on political advantages of social reporting for institutional investors (Haigh, 2006c;Harte et al, 1991;Owen, 1990;Owen et al, 2001).…”

Section: Prior Literaturementioning

confidence: 99%

Management practices in Australasian ethical investment products: a role for regulation?

Haigh

Guthrie

2008

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This paper adds to the literatures on socially responsible investment (SRI), investment management, regulation of fi nancial services and social accounting by providing a comprehensive survey of investment methods used in SRI products and regulated social reporting in fi nancial services. Australian and New Zealand regulations require issuers of selfdeclarative SRI products to provide details on methods used in portfolio construction. Regulators' objectives to standardize the reporting of portfolio construction and thus improve its comparability were identifi ed by examination of parliamentary debates and other public reports. Portfolio construction styles of 86 SRI products managed by 63 fi nancial institutions in Australia and New Zealand were chosen for analysis. Statistical analysis was conducted to identify associations between styles, construction methods and assessment techniques over a four-year period: [2004][2005][2006][2007]. These aspects were further examined in 18 case studies. Over the period, diversity and intensity of construction methods had increased both within and between investment managers. The non-standard nature of management consultation used in SRI products, marketing needs to distinguish rather than standardize investment methods and the types of information thought relevant to clients did not reconcile easily with the types of information required by regulation. The more recent products in the sample tended to reference market indexes in portfolio construction, separate social considerations from fi nancial considerations and delegate qualitative assessments of invested companies. Consumer policy implications arise from questions bearing on the integrity of information attached to investment products and the effective monitoring of delegated investment processes.

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Section: Prior Literaturementioning

confidence: 99%

Management practices in Australasian ethical investment products: a role for regulation?

Haigh

Guthrie

2008

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Semiotics of Financial Marketplace

Schınckus¹

2010

Journal of Interdisciplinary Economics

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While finance has been concerned by expanding new information technology and mass media’s interest, it has made stunning progress in the last decades, both in practice and in theory. Financial reality is become more and more complex and new theoretical approaches have emerged to explain this evolution. Inspired by post-structuralism, this paper proposes a semiotic perspective of financial marketplace to better grasp the reciprocal link between financial interactions and quotations. We show then that each marketplace can be considered as a specific way of organizing financial reality with its own “rules” (as a language with its own “grammar”). Finally, we will see that this semiotic approach provides an interpretative framework to all empirical studies about the reciprocal link between volumes and prices. JEL Classification: A12, B41, G10.

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Pushing the epsilon to the abyss post-modern finance

Cited by 2 publications

References 10 publications

Management practices in Australasian ethical investment products: a role for regulation?

Management practices in Australasian ethical investment products: a role for regulation?

Semiotics of Financial Marketplace

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