Notice bibliographique
- Notice
Type(s) de contenu et mode(s) de consultation : Texte noté : sans médiation
Auteur(s) : Ortiz, Horacio (1974-....)
Titre(s) : The everyday practice of valuation and investment [Texte imprimé] : political imaginaries of shareholder value / Horacio Ortiz
Traduction de : Valeur financière et vérité : enquête d'anthopologie politique sur l'évaluation
des entreprises cotées en bourse
Publication : New York (N.Y.) : Columbia University press, copyright 2021
Description matérielle : 1 vol. (ix-315 p.) ; 22 cm
Note(s) : Translated from the French. - Includes bibliographical references (p. [285]-301) and index
"The finance industry occupies a central role in the distribution of credit worldwide.
It is global network of funds, banks, insurance companies, brokerages, rating agencies,
and regulatory agencies that control vast sums of money that surpass the economic
power of most sovereign states. It is founded on the assumption core to capitalism
that individuals meet freely within the market where prices will reflect a true value
based on equilibrium of supply and demand. But what happens when we look critically
at the way in which stock values are produced by the financial industry? What does
this tell us about the supposed naturalness of markets and their efficiency in distributing
economic resources? In Shareholder Value, Horacio Ortiz provides a critical analysis
of the social institutions and practices that produce and regulate stock pricing and
valuations. He demonstrates how the imaginaries of free investors and efficient markets
are central to financial valuation, but they are illusive concepts even to those who
depend on them. They make sense when viewed in the context of the financial industry
as the legitimation of the financial industry that depends on them. Shareholder Value
is based on ethnographic data gather by Ortiz in New York, Paris, and Shanghai over
the course of twelve years, inclusive of interviews and internships at investment
banks and interviews and course instruction at a business school. In doing so, Ortiz
provides the reader with a concise understanding of the concepts that underpin global
financial markets, inclusive of financial valuation, personal valuation, market efficiency,
and true value"
Sujet(s) : Évaluation -- Aspect politique
Valeur -- Aspect politique
Investissements -- Aspect politique
Indice(s) Dewey :
332.632 21 (23e éd.) = Actions (investissement) - Évaluation
Identifiants, prix et caractéristiques : ISBN 9780231201186 (erroné). - ISBN 0231201184 (erroné). - ISBN 9780231201193. - ISBN
0231201192. - ISBN 9780231553971 (erroné)
Identifiant de la notice : ark:/12148/cb46955591m
Notice n° :
FRBNF46955591
(notice reprise d'un réservoir extérieur)
Table des matières : The Organizational Space of Financial Value ; Valuation as a Personal Opinion ;
The Truth of Value as the Result of Efficient Markets ; Financial Value as Political
Assemblage ; Conclusion
