We investigate whether social connections within the hedge fund industry affect investment decisions. Data is collected from interviews and observations with industry participants in Europe, the United States and Asia. Quantitatively analyzing the mapped social network, we find that decision...

In this study, we examine transformations in the influence of risk managers in two large UK banks over a period of six years. Our analysis highlights that a process we term toolmaking, whereby experts create, articulate and shape tools that embody their expertise, is central to the way in which...

The financialised character of contemporary rationalities of public governance has been the subject of increased attention within a range of disciplinary and interdisciplinary fields. This paper proposes a particular analytical framework, focused on the notion of ‘governance devices', for...

This paper discusses the recent phenomenon of activist investors in UK quoted companies in the context of recent developments in UK corporate governance. We present three case studies of recent activist investor intervention and discuss the implications for corporate governance regulation, that...

What are the dynamics through which corporate boards led by dominant CEOs fail? We address this question by examining the case of Anglo Irish Bank. We focus on the dynamics in and around Anglo's board of directors in the 3-year period leading to its collapse in 2008. Using documentary analysis...

This paper explores the ways in which sell-side financial analysts seek to position themselves advantageously within the wider field of investment advice in spite of widespread skepticism over the value that their forecasts and recommendations add to investment decisions. The field of investment...