Publication: Financial regulation and social welfare: the critical contribution of management theory
Financial regulation and social welfare: the critical contribution of management theory
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Marti, E., & Scherer, A. G. (2016). Financial regulation and social welfare: the critical contribution of management theory. Academy of Management Review, 41(2), 298–323. https://doi.org/10.5465/amr.2013.0469
Abstract
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Abstract
While many studies explain how social science theories shape social reality, few reflect critically on how such theories should shape social reality. Drawing on a new conception of social welfare and focusing on financial regulation, we assess the performative effects of theories on public policy. We delineate how research that focuses narrowly on questions of efficiency and stability reinforces today's technocratic financial regulation that undermines social welfare. As a remedy, we outline how future management research can tackle q
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- Marti, Emilio
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Citations
Marti, E., & Scherer, A. G. (2016). Financial regulation and social welfare: the critical contribution of management theory. Academy of Management Review, 41(2), 298–323. https://doi.org/10.5465/amr.2013.0469