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Item Details
Title:
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CHAINS OF FINANCE
HOW INVESTMENT MANAGEMENT IS SHAPED |
By: |
Diane-Laure Arjalies, Philip Grant, Iain Hardie |
Format: |
Hardback |

List price:
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£48.49 |
Our price: |
£42.43 |
Discount: |
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You save:
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£6.06 |
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ISBN 10: |
0198802943 |
ISBN 13: |
9780198802945 |
Availability: |
Usually dispatched within 1-3 weeks.
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Stock: |
Currently 0 available |
Publisher: |
OXFORD UNIVERSITY PRESS |
Pub. date: |
29 June, 2017 |
Pages: |
208 |
Description: |
This book suggests that investment decisions cannot be understood by focusing on isolated investors. Rather, most of their money flows through a chain: a sequence of intermediaries that 'sit between' savers and companies/governments. It argues that investment management is shaped by the opportunities and constraints that this chain creates. |
Synopsis: |
Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a 'chain': an often extended sequence of intermediaries. What goes on in that chain is of huge importance: The world's investment managers, who are now almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output. In Chains of Finance, five social scientists discuss the ways in which the intermediaries in the chain influence each other, channel the flows of savers' money, enhance investment decisions, and form audiences for each other's performances of financially competent selves. The central argument of the book is that investment management is fashioned profoundly by the opportunities and constraints this chain creates. Whether chains constrain or enable, however, they always entangle, tying intermediaries to each other - silently and profoundly shaping the investment management industry. Chains of Finance is a novel analysis that will make students, social scientists, financial professionals, and regulators looking at the workings of financial markets in a new light.A must-read for anyone looking for insights into the decision-making processes of investment managers and those influenced by and working for them. |
Publication: |
UK |
Imprint: |
Oxford University Press |
Returns: |
Returnable |
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