The Everyday Practice of Valuation and Investment: Political Imaginaries of Shareholder Value

by Horacio Ortiz

The financial industry derives its legitimacy through the claim that it acts in the interest of shareholders. A vast international network of funds, banks, insurance companies, brokerages, rating agencies, and regulatory agencies defends its status by asserting that market mechanisms determine a company's true value and therefore enriching shareholders contributes to the socially optimal allocation of capital. Is this how stock prices are determined...

• Format: Paperback
• Language: English
• ISBN: 0231201192
• ISBN13: 9780231201193
• Release Date: November 2021
• Publisher: Columbia University Press
• Length: 328 Pages
• Weight: 0.90 lbs.
• Dimensions: 1.1" x 5.5" x 8.5"