Comment les firmes se financiarisent : le rôle de la réglementation et des instruments de gestion.

Baud, Céline; Chiapello, Ève

doi:10.3917/rfs.563.0439

Cited by 29 publications

(14 citation statements)

References 44 publications

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“…Pour ce faire, ces dernières ont transformé leur modèle de fonctionnement et notamment leurs systèmes de production et d'organisation. Elles ont intégré des outils de contrôle et de reporting sophistiqués (Baud & Chiapello, 2015) pour garantir un profit maximum à toutes les étapes de la production. Et même si l'empreinte de la financiarisation n'est pas toujours facile à identifier (Chambost, Tadjeddine, & Vincensini, 2018), il n'en reste pas moins que de nombreux travaux convergents pour dire que les processus de financiarisation sont très probablement la cause d'un dérèglement de l'économie et de dysfonctionnements des entreprises.…”

Section: Financiarisationunclassified

Agir sur le travail des managers : des enjeux de métier pour les ergonomes, pour les managers

Petit¹,

Negroni²

2023

activites

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De même dans ce texte, le concept d'organisation sera prédominant. Nous nous appuierons sur un modèle d'une organisation dynamique, considérée comme un système composé de personnes qui poursuivent certains de leurs intérêts à travers un but commun (Heller, Pusić, Strauss, & Wilpert, 1998) et une structure formelle servant de guide aux activités des individus. La structure organisationnelle est constituée des règles formelles et de dimensions matérielles, comme la disposition des bâtiments, les proximités entre services. Elle est aussi constituée de l'ensemble des règles qui permettent la répartition des tâches, du pouvoir, de la décision, de la coordination ou encore du contrôle. Cette « organisation formelle » est constituée de ce que l'on peut concevoir et mettre en place. Les activités individuelles et collectives et les interactions entre les individus et collectifs constituent, au sein de l'organisation, l'activité sociale ou encore, l'« organisation vivante » (Daniellou, 1999 ; de Terssac & Lompré, 1996). Nous postulons que la structure organisationnelle et les activités sociales (celles des individus et des collectifs) doivent entretenir des échanges permanents, afin de conserver un équilibre organisationnel, nécessaire à l'efficacité productive et à la santé des individus. Ces échanges prennent forme dans le « travail d'organisation » (de Terssac & Lompré, 1996), qui transforme en permanence la structure organisationnelle. Dans ce cadre, l'activité des managers sera considérée comme essentielle et le développement de leur activité comme gage d'un travail de régulation de qualité.

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Section: Financiarisationunclassified

Agir sur le travail des managers : des enjeux de métier pour les ergonomes, pour les managers

Petit¹,

Negroni²

2023

activites

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“…A relationship has indeed been established by studies interested in how regulatory frameworks align the organization and the strategies of non-financial firms on those of the financial sector. Baud and Chiapello (2015), in particular, have shown that managerial tools and practices imposed by the Basel agreements (largely informed by financial theory) were instrumental in the financialization of small and non-profit banks organized around different principles – leading to a rapid conversion of these firms. This indicates that the financialization of PHI could be a result of firms gradually adopting the routines, strategies and positioning of financial companies as they implement the regulatory provisions entrenched by Solvency II.…”

Section: Financialization Regulation and European Private Health Insu...mentioning

confidence: 99%

The regulatory path to healthcare systems’ financialization

Benoît

2023

Journal of European Social Policy

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The literature has often presented European healthcare systems as being less exposed to the growing dependencies on global finance observed in other areas of social policy. This article explores the sources and dynamics of a regulatory path to healthcare systems’ financialization that challenges this depiction. Building on analogies with the case of pension policy, we show that the integration of the private health insurance sector into the European Union financial regulation framework has resulted in perceptible processes of financialization. Notably this manifested in the growing role of financial firms, in non-profit health insurers’ adoption of ‘financialized’ business practices and eventually in a noticeable change of these actors' positioning in domestic healthcare reform. After having discussed the theoretical implications, the article provides an empirical illustration of this argument by documenting the implementation of the Solvency II insurance directive by health insurers in France, and describes its more general consequences and implications beyond this case study.

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“…While the directors of real estate companies adopted financial reasoning and instruments from the outset, it was to be expected that the principle of 'colonization' would be evidenced in the gradual spread of financial reasoning to the lower levels of real estate organizations (see Baud and Chiapello, 2015). Real estate developers, in particular, increasingly come into contact with financial investors as shareholders in their firms (Romainville, 2017;Shimbo, 2019) or as representatives of real estate investment trusts (called 'fonci eres' in French).…”

Section: The Work Of Middle Management Far Away From Financial Toolsmentioning

confidence: 99%

Financial natives: Real estate developers at work

Bardet

Coulondre

Shimbo

2020

Competition & Change

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Financialization, even contested, is a major focus of contemporary urban studies. The growing interest of institutional investors in real estate investments has been the subject of in-depth analyses that have suggested the need to critically examine their weight in contemporary urban production. Have investors become the new masters of the urban fabric, to the detriment of historical players such as property developers or local authorities? This article informs the discussion by looking at developers at work and identifying how financial profitability calculations could have invaded their activities. Based on a qualitative survey conducted in France on practising or retired professionals, it shows that there has actually been a surprising degree of stability in professional practices over the past 50 years, even though the economic environment changed at the beginning of the 1990s. Since the origins of the property development sector in France, the real estate firms have had close ties with the financial industry and have been using financial instruments. This is why they were considered as ‘financial natives’, while employees at the operational level remain outside the scope of the colonization of organizations by financial quantifications. The specific nature of real estate work, particularly its political component, means that decisions lower down in these companies cannot be guided solely by financial ratios. The extent of the changes triggered by the massive arrival of financial investments has not been as great as it may seem, since developers appear to have maintained most of their ability to influence contemporary urban governance.

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Comment les firmes se financiarisent : le rôle de la réglementation et des instruments de gestion.

Cited by 29 publications

References 44 publications

Agir sur le travail des managers : des enjeux de métier pour les ergonomes, pour les managers

Agir sur le travail des managers : des enjeux de métier pour les ergonomes, pour les managers

The regulatory path to healthcare systems’ financialization

Financial natives: Real estate developers at work

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