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Abstract Knowledge and Reified Financial Innovation: Building Wisdom and Ethics Into Financial Innovation Networks

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  • David Rooney
  • Tom Mandeville
  • Tim Kastelle

Abstract

This article argues that abstract knowledge in the form of formally developed theory plays an increasingly important role in the economy and in financial innovation in particular. Abstract knowledge is easily reified, and this is an aspect of knowledge work that is insufficiently researched. In this article, we problematize reification of abstract knowledge in financial innovation from wisdom, ethics, and social network analysis perspectives. This article, therefore, considers the composition and structures of financial innovation networks that help avoid reification by building ethicality through social practice wisdom. Finally, we discuss future directions that empirical ethics research can take. Copyright Springer Science+Business Media Dordrecht 2013

Suggested Citation

  • David Rooney & Tom Mandeville & Tim Kastelle, 2013. "Abstract Knowledge and Reified Financial Innovation: Building Wisdom and Ethics Into Financial Innovation Networks," Journal of Business Ethics, Springer, vol. 118(3), pages 447-459, December.
    • Handle: RePEc:kap:jbuset:v:118:y:2013:i:3:p:447-459
    DOI: 10.1007/s10551-012-1595-9
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    Cited by:

    1. Brooks, Chris & Fenton, Evelyn & Schopohl, Lisa & Walker, James, 2019. "Why does research in finance have so little impact?," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 58(C), pages 24-52.
    2. Hannes Zacher & Liane Pearce & David Rooney & Bernard McKenna, 2014. "Leaders’ Personal Wisdom and Leader–Member Exchange Quality: The Role of Individualized Consideration," Journal of Business Ethics, Springer, vol. 121(2), pages 171-187, May.
    3. Ulrike Reisach, 2016. "The creation of meaning and critical ethical reflection in operational research," EURO Journal on Decision Processes, Springer;EURO - The Association of European Operational Research Societies, vol. 4(1), pages 5-32, June.

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