IDEAS home Printed from https://ideas.repec.org/a/taf/jculte/v9y2016i3p277-295.html
   My bibliography  Save this article

The multiple worlds of equity analysts: valuation, volume, and volatility

Author

Listed:
  • Jesper Blomberg

Abstract

This paper contributes to the increasing research on how experts within financial institutions co-produce and organize financial markets, and in particular how equity analysts enact stock markets characterized by high volume and volatility. The 20 equity analysts studied give qualitatively different accounts of what, from an outsider's perspective, appear to be very similar work. The analysts understand investment objects, equity markets, and what constitutes good analytical work in qualitatively different ways. This heterogeneity, or multiplicity, could be one source of the, unexplained by orthodox financial theory, ‘excess’ volatility and ‘excess’ trading volume on financial markets. Therefore, the paper complements accounts within heterodox finance theory and sociology-based studies of financial market activities.

Suggested Citation

  • Jesper Blomberg, 2016. "The multiple worlds of equity analysts: valuation, volume, and volatility," Journal of Cultural Economy, Taylor & Francis Journals, vol. 9(3), pages 277-295, June.
    • Handle: RePEc:taf:jculte:v:9:y:2016:i:3:p:277-295
    DOI: 10.1080/17530350.2016.1147478
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17530350.2016.1147478
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/17530350.2016.1147478?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Donald Mackenzie & Fabian Muniesa & Lucia Siu, 2007. "Do Economists Make Markets? On the Performativity of Economics," Post-Print halshs-00149145, HAL.
    2. Lucien Karpik, 2010. "Valuing the Unique: The Economics of Singularities," Economics Books, Princeton University Press, edition 1, number 9215.
    3. Donald MacKenzie & Fabian Muniesa & Lucia Siu, 2007. "Introduction to Do Economists Make Markets? On the Performativity of Economics," Introductory Chapters, in: Donald MacKenzie & Fabian Muniesa & Lucia Siu (ed.),Do Economists Make Markets? On the Performativity of Economics, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wanda J. Orlikowski & Susan V. Scott, 2014. "What Happens When Evaluation Goes Online? Exploring Apparatuses of Valuation in the Travel Sector," Organization Science, INFORMS, vol. 25(3), pages 868-891, June.
    2. Turo-Kimmo Lehtonen, 2014. "Picturing How Life Insurance Matters," Journal of Cultural Economy, Taylor & Francis Journals, vol. 7(3), pages 308-333, August.
    3. Lilian Muchimba & Alexis Stenfors, 2021. "Beyond LIBOR: Money Markets and the Illusion of Representativeness," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(2), pages 565-573, April.
    4. Leon Wansleben, 2013. "Dreaming with BRICs," Journal of Cultural Economy, Taylor & Francis Journals, vol. 6(4), pages 453-471, November.
    5. Loconto, Allison & Rajão, Raoni, 2020. "Governing by models: Exploring the technopolitics of the (in)visilibities of land," Land Use Policy, Elsevier, vol. 96(C).
    6. Aleksandra Kuzior & Aleksy Kwilinski & Ihor Hroznyi, 2021. "The Factorial-Reflexive Approach to Diagnosing the Executors’ and Contractors’ Attitude to Achieving the Objectives by Energy Supplying Companies," Energies, MDPI, vol. 14(9), pages 1-16, April.
    7. Dawn Thilmany & Lilian Brislen & Hailey Edmondson & Mackenzie Gill & Becca B. R. Jablonski & Jairus Rossi & Tim Woods & Samantha Schaffstall, 2021. "Novel methods for an interesting time: Exploring U.S. local food systems’ impacts and initiatives to respond to COVID," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(4), pages 848-877, October.
    8. François-Xavier de Vaujany & Sabine Carton & Carine Dominguez-Perry & Emmanuelle Vaast, 2012. "Performativity and Information Technologies: An inter-organizational perspective," Post-Print halshs-00851315, HAL.
    9. Franck Cochoy & Martin Giraudeau & Liz McFall, 2010. "Performativity, Economics And Politics," Journal of Cultural Economy, Taylor & Francis Journals, vol. 3(2), pages 139-146, July.
    10. Heidi Østbø Haugen, 2018. "The unmaking of a commodity: Intermediation and the entanglement of power cables in Nigeria," Environment and Planning A, , vol. 50(6), pages 1295-1313, September.
    11. Benjamin Braun, 2016. "From performativity to political economy: index investing, ETFs and asset manager capitalism," New Political Economy, Taylor & Francis Journals, vol. 21(3), pages 257-273, May.
    12. Kristin Asdal & Béatrice Cointe, 2022. "Writing good economics: how texts 'on the move' perform the lab and discipline of experimental economics," Post-Print hal-03429169, HAL.
    13. Kristin Asdal & Béatrice Cointe, 2021. "Experiments in co-modification: a relational take on the becoming of commodities and the making of market value," Post-Print hal-03168937, HAL.
    14. Miguel Poiares Maduro & Giulio Pasi & Gianluca Misuraca, 2018. "Social Impact Investment in the EU. Financing strategies and outcome oriented approaches for social policy innovation: narratives, experiences, and recommendations," JRC Research Reports JRC111373, Joint Research Centre.
    15. Tommaso Pardi, 2019. "Fourth industrial revolution concepts in the automotive sector: performativity, work and employment," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 46(3), pages 379-389, September.
    16. Taylor C. Nelms, 2012. "The Zombie Bank And The Magic Of Finance," Journal of Cultural Economy, Taylor & Francis Journals, vol. 5(2), pages 231-246, May.
    17. Patrick J. L. Cockburn, 2014. "Street Papers, Work and Begging: 'Experimenting' at the Margins of Economic Legitimacy," Journal of Cultural Economy, Taylor & Francis Journals, vol. 7(2), pages 145-160, May.
    18. Sven Modell, 2014. "The societal relevance of management accounting: An introduction to the special issue," Accounting and Business Research, Taylor & Francis Journals, vol. 44(2), pages 83-103, April.
    19. Faulconbridge, James R. & Muzio, Daniel, 2021. "Valuation devices and the dynamic legitimacy-performativity nexus: The case of PEP in the English legal profession," Accounting, Organizations and Society, Elsevier, vol. 91(C).
    20. Shaozeng Zhang, 2017. "From externality in economics to leakage in carbon markets: An anthropological approach to market making," Economic Anthropology, Wiley Blackwell, vol. 4(1), pages 132-143, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jculte:v:9:y:2016:i:3:p:277-295. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://www.tandfonline.com/RJCE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.