Towards ‘universal financialisation’ in Sweden?

Belfrage, Claes

doi:10.1080/13569770802396337

Cited by 39 publications

(24 citation statements)

References 51 publications

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“…Rose's discussion points us towards a related literature that explores this theme of growing responsibilisation for individual wellbeing. Here, spheres as diverse as health, welfare, pensions and crime, have all been subject to contemporary efforts at encouraging individual provision for personal gain (see Andersen 2010, Belfrage 2008, Watson 2010. As Garland (1996, p. 452) argues, responsibilisation here 'involves a number of new techniques and methods whereby the state seeks to bring about action on the part of "private" agencies and individuals -either by "stimulating new forms of behaviour" or "stopping established habits"'.…”

Section: Stakeholder Securitymentioning

confidence: 99%

Stakeholder security: the new western way of counter-terrorism?

Jarvis

Lister

2010

Contemporary Politics

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Stakeholder security: the new western way of counter-terrorism? Jarvis, L and Lister, M (2010) Stakeholder security: the new western way of counter-terrorism?. AbstractThis article explores the ways in which Western states have adapted their counter-terrorism strategies to meet the demands of a post-9/11 era. Focusing on the US and UK as illustrative case studies, we chart the emergence of a new, complex topography of security measures aimed at confronting the threat of unconventional violence from above and below. Of particular interest is the construction of a raft of initiatives heavily reliant on the continued participation of citizens for their functioning; a reliance persistently justified by claims to uncertainty, even ignorance, amongst political elites. To better understand these initiatives and their implications this article introduces the concept of Stakeholder Security to refer to the conscription of ordinary individuals into the state's security apparatuses; a conscription that positions citizens precariously as simultaneously technologies, subjects and objects of security. The article concludes with a first attempt to trace some of the political and normative issues raised by this new policy framework.

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Section: Stakeholder Securitymentioning

confidence: 99%

Stakeholder security: the new western way of counter-terrorism?

Jarvis

Lister

2010

Contemporary Politics

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“…In the last 35 years, however, the Stockholm Stock Exchange has boomed (Stafsudd, 2009), and Sweden has embarked on a journey towards financialization (Belfrage, 2008;Belfrage & Kallifatides, 2016). During the 1980s, the Swedish stock index rose from 5.7 to 72.7 (Affärsvärldens index).…”

Section: The Financialization Of the Swedish Market For Corporate Conmentioning

confidence: 99%

Doxa of Shareholders and Owners: On the Threshold of Financialization

Jonnergård

Larsson-Olaison

2017

Accounting, Economics, and Law: A Convivium

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Abstract:Following financialization, there has emerged an understanding of what it implies to be a shareholder based on the shareholder value perception. However, as this shareholder value perception spreads internationally, it clashes with traditional perceptions. In this paper, we apply the language developed by Bourdieu to a Swedish public debate on equal treatment of shareholders in connection with the reform of the Swedish market for corporate control. Using Bourdieu's conceptual framework, we describe how a global development interacts with the persistence of national practices. We conclude that in Sweden, local institutional investors have allied themselves with international institutional investors to enhance their positions in the restricted field of Swedish corporate control. Shareholder value is then used by these local actors as an argument to strengthen their position. At the same time, some of the controlling shareholders depart from their traditional position as industrial entrepreneurs and embrace a more financial approach to ownership, thereby altering both the power constellations and the capital, in Bourdieu's sense, of the field.

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“…For exam ple, the new Swedish public pension system , which cam e into effect in 199 9, involves a considerable shift away from 1 Swedish king collective provision towards individualise d responsibility (Lundberg, 2003;Johed, 2007;Ohlsson 2007;Belfrage, 2008). As individual financial investm ent underpins the welfare of people's everyday lives now more than ever (such as housing, studies, pensions, daycare, and health), the expecta tion of th eir capacity to behave as risk-tak ing investo rs and active decision-makers intensifies (Harmes, 2001;Greenfield and W illiams, 2007;Langley, 2007).…”

Section: Backdropmentioning

confidence: 99%

Framing financial responsibility: An analysis of the limitations of accounting

Bay

2011

Critical Perspectives on Accounting

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This is an author produced version of a paper published in Critical Perspectives on Accounting. This paper has been peer-reviewed but does not include the final publisher proof-corrections or journal pagination. Abstract. In o rganisations, a ccounting-understood broadly as calculative practices-i s claim ed to serv e as a critical v ehicle wh en in troducing form s o f in dividual fin ancial resp onsibility. Whereas most prior accounting research has been preoccupied with asserting this claim, this paper opens a n opportunity t o exam ine t he limitations of acc ounting a s a t echnology o f responsibilisation. It does so by moving the empirical focus beyond the borders of people's work settings and into the private sphere of everyday life, investigating governmental efforts to turn high school stud ents in to fin ancially resp onsible citizen s. Th e analysis, in formed b y fram ing th eory, reveals th at the efficien cy of accoun ting i s co nditioned by p eople's calcu lative un derstanding. Hence, i n situations where i ndividuals are ex pected t o lack this basic calculative c ompetency, accounting is presumed to be inappropriate as a means of introducing financial responsibility. This has implications for re-con sidering ho w the relatio n b etween accounting and resp onsibility is constituted.

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Towards ‘universal financialisation’ in Sweden?

Cited by 39 publications

References 51 publications

Stakeholder security: the new western way of counter-terrorism?

Stakeholder security: the new western way of counter-terrorism?

Doxa of Shareholders and Owners: On the Threshold of Financialization

Framing financial responsibility: An analysis of the limitations of accounting

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