Below is a bibilography on financialization which will hopefully act as a useful resource for researchers, including post-graduate students. The bibliography has been put together from our own research and other IWGF members' suggestions, but is not exhaustive. We of course welcome suggestions of references that should be added. If you know of any key references we have missed out, then please email them to me at: admin@iwgf.org
Most other working papers and unpublished work will be located under 'IWGF research'.
Aglietta, M. (2000) 'Shareholder value and corporate governance: some tricky questions', Economy and Society, 29(1): 146-159
Aglietta, M. and Breton, R. (2001) ' Financial systems, corporate control and capital accumulation', Economy and Society, 30(4): 433-66
Aglietta, M. and Reberioux, A. (2005) Corporate Governance Adrift. A Critique of Shareholder Value, Edward Elgar.
Aitken, R. (2005) '"A direct personal stake": cultural economy, mass investment and the New York stock exchange', Review of International Political Economy, 12(2): 334-363.
Ameels, A., Bruggeman, W. and Scheipers, G. (2001) 'Value based management control processes to create value through integration: A literature review', Vlerick Leuven Gent Management School mimeo. Online. Available HTTP: http://www.valuebasedmanagement.net/articles_ameels_valuebased_full.pdf (accessed 21 March 2005).
Altvater, E. (1997) 'Financial crises on the threshold of the 21st century', in Panitch, L. (ed) Socialist Register - Ruthless Criticism of all that Exists, Suffolk: Merlin.
Anderson, S., Cavanagh, J., Hartman, C. and Klinger, S. (2003) Executive Excess 2003: CEOs Win, Workers and Taxpayers Lose, Boston: Institute for Policy Studies & United for a Fair Economy.
Arrighi, G. (1994) The Long Twentieth Century: Money, Power and the Origins of Our Times, Verso.
Baker, G.P. and Smith, G.D. (1998) The New Financial Capitalists. Kohlberg Kravis Roberts and the Creation of Corporate Value, Cambridge: Cambridge University Press.
Barkema, H. G. and Gomez-Mejia, L. R. (1998) 'Managerial compensation and firm performance: a general research framework', Academy of Management Journal, 41(2): 135-46.
Bauer, M. and Bertin-Mourot, B. (1999) 'National models for making and legitimating elites: A comparative analysis of the 200 top executives in France, Germany and Great Britain', European Societies 1(1): 9-31.
Bebchuk, L. and Fried, J. (2004) Pay Without Performance: The unfulfilled promise of executive compensation, Cambridge, Mass: Harvard University Press.
Bebchuk, L.A., Fried, J.M. and Walker, D.I. (2002) 'Managerial power and rent extraction in the design of executive compensation', The University of Chicago Law Review, 69(3): 751-847.
Bender, R. (2003) 'How executive directors' remuneration is determined in two FTSE 350 utilities', Corporate Governance, 11(3): 206-17.
Blackburn, R. (2002) 'The Enron debacle and the pensions crisis' New Left Review, 14, March-April
Blackburn, R. (2003) Banking on Death or Investing in Life. The History and Future of Pensions, Verso.
Boyer, R. (2000) 'Is a finance-led growth regime a viable alternative to Fordism? A preliminary analysis', Economy and Society, 29(1): 111-145
Boyer, R. (2005) 'From shareholder value to CEO power. The paradox of the 1990s', Competition and Change, 9(1): 7-48.
Burton, D., Knights, D., Leyshon, A., Aleroff, C., Signoretta, P. (2004) 'Making a market: the UK retail financial services industry and the rise of the complex sub-prime credit market', Competition and Change, 8(1).
Cerny, P. (ed) (1993) Finance and World Politics: Markets, Regimes and States in the Post-Hegemonic Era, Aldershot: Edward Elgar.
Clark, G.L. (2000) Pension Fund Capitalism, Oxford: Oxford University Press.
Clark, G., Thrift, N. and Tickell, A. (2004) 'Performing finance: the industry, the media and its image', Review of International Political Economy, 11(2): 289- 310.
Conyon, M. J. and Murphy, K. J. (2000) 'The prince and the pauper? CEO pay in the United States and United Kingdom', The Economic Journal, 110 (November): 640-71.
Core, J. E., Guay, W. R. and Larcker, D. F. (2003) 'Executive equity compensation and incentives: a survey', FRBNY Economic Policy Review, April: 27-50.
Crotty, J. (2002) 'The effect of increased product market competition and changes in financial markets on the performance of non-financial corporations in the neo-liberal era' Political Economy Research Institute, Working Paper no. 44. University of Massachusetts at Amherst, Department of Economics.
Cutler, T. and Waine, B.(2001) 'Social Insecurity and the Retreat from Social Democracy: Occupational Welfare in the Long Boom and Financialization', Review-of-International-Political-Economy, 8(1): 96-118.
Davis, Aeron (2006) 'The Limits of Metrological Performativity: Valuing Equities in the London Stock Exchange', Competition and Change, 10(1): 3-21.
De Goede, M. (2004) 'Repoliticizing financial risk', Economy and Society, 33(2): 197-217.
Dore, R. (2000) Stock market capitalism: welfare capitalism: Japan and Germany versus the Anglo-Saxons, Oxford: OUP.
Duménil, G. and Lévy, D. (2004) 'Neoliberal Income Trends. Wealth, Class and Ownership in the USA', 2004, New Left Review, 30: 105-133.
Dupuy, C. and Lung, Y.
(2002) 'Institutional investors and the car industry geographic. Focalisation
and industrial strategies', Competition and Change, 6(1): 43-60.
Economy and Society (2000) Special Issue on Financialisation, 29(1).
Engelen, E. (2003) 'The logic of funding European pension restructuring and the dangers of financialisation', Environment and Planning A, 35(8): 1357-72.
Epstein, G (ed) (2005) Financialization and the World Economy, Edward Elgar
Erturk, I., Froud, J., Johal, S. and Williams, K. (2004) Corporate Governance and Disappointment, Review of International Political Economy, 11(4): 677-713.
Erturk, I., Froud, J., Johal, S. and Williams, K. (2005) 'Pay for performance or pay as social division', Competition and Change, 9(1) pp.49-74
Ezzamel, M. and Watson, R. (1998) 'Market comparison earnings and the bidding-up of executive cash compensation: evidence from the United Kingdom', Academy of Management Journal, 41(2): 221-31.
Feng, H., Froud, J., Haslam, C., Johal, S. and Williams, K. (2001) 'A New Business Model? The Capital Market and the New Economy', Economy and Society, 30(4): 467-503.
Ferguson, L. (2001) The cash nexus. Money and power in the modern world 1700- 2000, New York: Basic Books
Fligstein, N. (1990). The Transformation of Corporate Control. Cambridge, MA: Harvard University Press.
Fligstein, N. (2001) The Architecture Of Markets. An Economic Sociology of Twenty- First Century Capitalist Societies, Princeton: Princeton University Press.
Frank, T. (2000) One Market Under God, New York: Random House.
Froud, J., Haslam, C., Johal, S. and Williams, K (2000a) 'Financialisation and Shareholder Value: Consultancy Moves, Management Promises', Economy and Society 29(1): 80-120.
Froud, J., Haslam, C., Johal, S. & Williams, K. (2000b) 'Restructuring for shareholder value and its implications for labour' Cambridge Journal of Economics, 24(6): 771-98.
Froud, J., Haslam, C., Johal, S. and Williams, K. (2001) 'Accumulation under conditions of inequality', Review of International Political Economy, 8(1): 66- 95.
Froud, J., Haslam, C., Johal, S. and Williams, K. (2002) 'Cars after financialisation: a case study in financial under-performance, constraints and consequences' Competition and Change, 7(1): 13-41.
Froud, J., Johal, S., Papazian, V. and Williams, K. (2004) 'The temptation of Houston: a case study of financialisation', Critical Perspectives On Accounting, 15: 885-909.
Froud, J., Johal, S. and Williams, K. (2002) 'Financialisation and the coupon pool', Capital and Class, 78 (Autumn): 119-151.
Froud, J., Johal, S., Leaver, A. and Williams, K. (2006) Financialization and Strategy: Narrative and numbers, London: Routledge.
Glassman, J. (2001) America's Reciprocal Stock Portfolio: How US investors invest in foreign companies that invest in the US, New York/Washington DC: Citibank/OFII. Online. Available HTTP: <http://www.ofii.org/facts_figures/Stock_Study.pdf> (accessed 11 April 2005).
Golding, T. (2001) The City. Inside the Great Expectations Machine, Harlow: Pearson Education
Grahl, J. and Teague, P. (2000) 'The Regulation School, the employment relation and financialization', Economy and Society 29(1): 160 - 178
Greenfield, C. and Williams, P. (2001) 'Finance advertising and media rhetoric', Southern Review, 34: 44-66.
Greenfield, C. and Williams,
P. 'The politics of finance journalism: approaches to the field and a rhetorical
instance', mimeo, RMIT University. Available for download from: http://www.bond.edu.au/hss/communication/ANZCA/papers/CGreenfieldPWi
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Harmes, A. (1998) Institutional investors and the reproduction of neoliberalism, Review of International Political Economy 5(1):92-121
Henderson, B., Jegadeesh,
N. and Weisback, M. (2003) World Markets for Raising New Capital, The National
Bureau For Economic Research, Cambridge, Mass. Online. Available HTTP: <http://papers.nber.org/papers/w10225.pdf>
(accessed 23 March 2005).
Helleiner, E. (1994)
States and the Re-emergence of Global Finance, Ithaca, NY: Cornell University
Press.
Henwood, D. (1998) Wall
Street. How it works and for whom, London: Verso
Holland J B, (1997) 'Corporate
Communications to Institutional Shareholders', ICAS Research Report, Edinburgh,
November.
Ireland, P. (1999) 'Company
Law and the Myth of Shareholder Ownership' Modern Law Review 62:1 pp.32-57.
Jackson, G. & Vitols,
S. (2001) 'Between Financial Commitment, Market Liquidity and Corporate Governance.
Occupational Pensions in Britain, Germany, Japan and the USA', Ebbinghaus,
B. & Manow, P. (eds.) Varieties of Welfare Capitalism, London: Routledge,
171-189
Jensen, M. C. and Murphy,
K. J. (1990) 'Performance pay and top management incentives', Journal of Political
Economy, 98(2): 225-64.
Jürgens, U., Naumann,
K. and Rupp, J. (2000) 'Shareholder value in an adverse environment: the German
case', Economy & Society, 29(1): 54-80.
Kädtler, J &
Sperling, H-J. (2002) 'After globalisation and financialisation: logics of
bargaining inthe German automotive industry'. Competition & Change, 6
(2) 149-68.
Kaplan, S. and Schoar,
A. (2003) Private Equity Returns: Persistence and capital flows. Unpublished
working paper, University of Chicago, http://gsbwww.uchicago.edu/fac/steven.kaplan/research/pereturns.pdf
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Kindleberger, C. (1978)
Manias, Panics and Crashes: A History of Financial Crises', New York: The
Free Press.
Kohut, G. and Segars,
A. (1992) 'The president's letter to stockholders: An examination of corporate
communication strategy' Journal of Business Communcation Vol.29(1): 7-21.
Krippner, G. (2005) 'The
Financialization of the American Economy', Socio- Economic Review, 3, 173-208.
Langley, P. (2002) World
Financial Orders: An Historical International Political Economy, London: Routledge/
RIPE series in Global Political Economy.
Langley, P. (2005) ‘The
everyday life of global finance: a neglected ‘level’ of governance’,
in Andrew Baker, David Hudson, and Richard Woodward (eds) Governing Financial
Globalization: The Political Economy of Multi-Level Governance, London: Routledge.
Langley, P. (2004) 'In
the eye of the "perfect storm": the final salary pensions crisis
and the financialisation of Anglo-American capitalism' New Political Economy,
9(4): 539-58.
Law, J. (2002) 'Economics
As Interface' in DuGay, P. and Pryke, M. (eds.) (2002) Cultural Economy: cultural
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Lazonick, W. and O'Sullivan,
M. (2000) 'Maximising shareholder value: A new ideology for corporate governance',
Economy and Society, 29(1): 13-35.
Leyshon, A., Burton,
D., Knights, D., Aleroff, C., and Signoretta, P. (2004) 'Ecologies of retail
financial services: understanding the persistence of door- to-door credit
and insurance providers', Environment and Planning A, 36: 625-645.
Mackenzie, D. (2004),
'The big, bad wolf and the rational market: portfolio insurance, the 1987
crash and the performativity of economics', Economy and Society, 33(3): 303-334.
Mackenzie, D. and Millo,
Y. (2003) 'Constructing a market, performing theory: The historical sociology
of a financial derivatives exchange', American Journal of Sociology, 109:
107-145.
Martin, R. (2002) Financialization
of Daily Life, Temple University Press
Minns, R. (1996) 'The
Political Economy of Pensions', New Political Economy 1(3): 375-391
Morgan, G. and Takahashi,
Y. (2002) 'Shareholder Value in the Japanese Context', Competition and Change,
6(1): 169-192.
Morin, F (2000) 'A transformation
in the French model of shareholding and management', Economy and Society,
29(1): 36-53.
Morin, R. and Jarrell,
S. (2000) Driving Shareholder Value: Value-Building Techniques for Creating
Shareholder Value, New York: McGraw-Hill Professional
Nordhaug, K (2005) 'The
United States and East Asia in an age of financialization', Journal of Baltic
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accumulation: towards a new political economy of capital', Review of International
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O'Connor, M. (2001) 'Labor's
Role in the Shareholder Revolution', Fung, A., Hebb, T. & Rogers, J. (eds)
Working Capital. The Power of Labor's Pensions, Ithaca: Cornell University
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Contests for Corporate Control: Corporate Governance and Economic Performance
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Creating Shareholder Value, 2nd edn, New York: Free Press.
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Schaberg, M. (1999) Globalisation
and the Erosion of National Financial Systems: Is declining autonomy inevitable?,
Cheltenham: Edward Elgar
Shiller, R. (2000) Irrational
Exuberance, Princeton: Princeton University Press.
Smart, A and Lee, J (2003)
Financialization and the role of real estate in Hong Kong's regime of accumulation,
Economic Geography, Apr 2003
Soros, G. (2003) The
Alchemy of Finance (second edition), Hoboken, NJ: John Wiley & Sons.
Stern, J. and Chew, D.
(1998) The Revolution in Corporate Finance, 3rd edn., Oxford: Blackwell.
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Stockhammer, E. (2004) 'Financialization and The Slowdown of Accumulation', Cambridge Journal of Economics, 28(5): 719-741.
Stockhammer, E. (2005)
'Shareholder Value Orientation and the Investment Profit Puzzle', Journal
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