Financialization and Strategy: Narrative and Numbers

Froud, Julie; Sukhdev, Johal; Leaver, Adam; Williams, Karel

ISBN 10: 0415334187 / ISBN 13: 9780415334181

Published by Routledge, 2006

About this Item

The book is in good condition with all pages and cover intact, including the dust jacket if originally issued. The spine may show light wear. Pages may contain some notes or highlighting, and there might be a "From the library of" label. Boxed set packaging, shrink wrap, or included media like CDs may be missing.

Seller Inventory # BSM.10EIS

Bibliographic Details

• Title: Financialization and Strategy: Narrative and Numbers
• Publisher: Routledge
• Publication Date: 2006
• Language: English
• ISBN 10: 0415334187
• ISBN 13: 9780415334181
• Binding: Soft cover
• Condition: good

About this title

Synopsis

Considering the recent impact of the capital market on corporate strategy, this text analyzes, through argument and supportive case studies, how pressures from the capital bull market of the 1990s and bear market of the early 2000s, have reshaped management action and calculation in large, publicly quoted US and UK corporations.

Beginning with the dissatisfaction with classical strategy and its limited engagement with the processes of financialization, the book moves on to cover three detailed company case studies (General Electric, Ford and GlaxoSmithKline) which use long run financial data and analysis of company and industry narratives to illustrate and explore key themes. The book emphasizes the importance of company and industry narrative, while also analyzing long term financial results, and helps to explain the limits of management action and the burden of expectations placed on corporate governance.

Presenting financial and market information on trajectory in an accessible way, this book provides a distinctive, critical social science account of management in large UK and US corporations, and it is a valuable resource for students, scholars and researchers of business, management, political economy and non-mainstream economics.

short listed for the 2007 IPEG Book Prize

About the Author

The authors are all researchers at the Economic and Social Research Council's (ESRC) Centre for Research on Socio Cultural Change at the University of Manchester.

Julie Froud is a Reader in Accounting at Manchester Business School.

Sukhdev Johal is a Reader in the School of Management, Royal Holloway, University of London.

Adam Leaver is a Lecturer in the School of Accounting and Finance at the University of Manchester .

Karel Williams is Professor of Accounting and Political Economy at Manchester Business School.