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Managerial Action And Financial Crisis

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  • Andreas Horsch

    (University of Technology Bergakademie Freiberg)

Abstract

Much has been written about the origins and contagious processes that led to the subprime crisis of 2007 first and to the financial crisis thereafter that characterize financial markets ever since. This retrospective is designed to illustrate that it has been human action in the very entrepreneurial or managerial sense that has caused the financial crisis to emanate and spread. From this viewpoint, responsible actors can be identified not only within financial intermediaries, but as bureaucratic and political entrepreneurs within public institutions as well.

Suggested Citation

  • Andreas Horsch, 2012. "Managerial Action And Financial Crisis," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 5(1), pages 7-33, June.
    • Handle: RePEc:pcz:journl:v:5:y:2012:i:1:p:7-33
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    References listed on IDEAS

    as
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    Cited by:

    1. Constantinescu Lucreþia Mariana & Drãgoi Violeta Elena, 2015. "An Assessments Of The Banking System Performence Of Romania & United Kingdom During The Last Financial Crisis," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(1), pages 17-27, June.

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    More about this item

    Keywords

    human action; financial crisis; financial institutions;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G - Financial Economics
    • G - Financial Economics

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