Muniesa, Fabian, Chabert, Dominique, Ducrocq-Grondin, Marceline and Scott, Susan V. 
ORCID: 0000-0002-8775-9364
(2011)
Back-office intricacy: the description of financial objects in an investment bank.
Industrial and Corporate Change, 20 (4).
pp. 1189-1213.
ISSN 0960-6491
Abstract
The complexity of contemporary finance translates into what we call the problem of “description”: the problem of constructing robust, flexible, portable, and mutually compatible depictions of complex, multisided, and often ambiguous financial objects (products, trades, marketplaces). This problem is characteristically exacerbated in back-office operations within the financial services industry. We provide a case study in the form of a qualitative examination of back- and middle-office operations in an international investment bank. We analyze the manifold manifestations of the problem of description within this bank.
| Item Type: | Article |
|---|---|
| Official URL: | http://icc.oxfordjournals.org/ |
| Additional Information: | © 2011 Oxford University Press |
| Divisions: | Management Centre for Economic Performance Centre for Analysis of Risk & Regulation |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| JEL classification: | G - Financial Economics > G2 - Financial Institutions and Services > G24 - Investment Banking; Venture Capital; Brokerage; Rating Agencies L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration; Conglomerates; Subsidiaries Z - Other Special Topics > Z1 - Cultural Economics; Economic Sociology; Economic Anthropology > Z13 - Social Norms and Social Capital; Social Networks |
| Date Deposited: | 29 Jun 2011 11:04 |
| Last Modified: | 11 Dec 2024 23:54 |
| URI: | http://eprints.lse.ac.uk/id/eprint/37019 |
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