Quantifying, Economising, and Marketising: Democratising the social sphere?

Kurunmäki, Liisa; Mennicken, Andrea; Miller, Peter

doi:10.1016/j.soctra.2016.09.018

Cited by 26 publications

(24 citation statements)

References 15 publications

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“…Financialization has gradually permeated all dimensions of society (Crane et al 2015; Davis 2009, 2010; Glaser et al 2016)—to the point that it is sometimes viewed as one of the main ways of governing people (Kurunmäki et al 2016). Krippner (2005, 174) defines financialization as “a pattern of accumulation in which profits accrue primarily through financial channels rather than through trade and commodity production.” In other words, financialization does not aim to generate returns from the production or trade of goods and services—unlike the so‐called “productive” or “real” economy.…”

Section: Literature Review: the Financialization Of Naturementioning

confidence: 99%

Can Financialization Save Nature? The Case of Endangered Species*

Gibassier

Arjaliès

2022

Contemporary Accting Res

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The current biodiversity loss is dramatic. Over the past 50 years, more than 68% of the mammals, birds, amphibians, reptiles, and fish on Earth have disappeared, putting the planet's survival and its inhabitants—including human beings—at risk. Financialization, or the transformation of nature into financial assets, is increasingly proposed as a solution to the biodiversity crisis. Proponents of financialization believe that assigning a monetary value to nature will incentivize human beings to protect habitats and their species. This article offers a four‐mechanism model of nature's financialization, explaining why it is virtually impossible to financialize nature. We collected data through a unique two‐stage data collection process, including a single case study and additional interviews with conservationists and conservation finance specialists. We analyzed the development of a calculative device, the “Index,” designed to assess the impact of conservation efforts on the survival of endangered species. Conservationists hoped to use the Index to calculate the financial return of a conservation impact bond, a financial instrument designed to finance conservation projects. However, they did not achieve their goal. We discuss the implications for the financialization and conservation literature and the role of accounting therein. We notably question previous accounts of financialization, including the need for financial numbers or financial actors. We ultimately show that a financialization project can transform practices toward financialization, even if the financialization process is not complete.

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Section: Literature Review: the Financialization Of Naturementioning

confidence: 99%

Can Financialization Save Nature? The Case of Endangered Species*

Gibassier

Arjaliès

2022

Contemporary Accting Res

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“…A cultural research approach might help debunk such misconceptions. Examples of such research might be historical studies of the emergence of economic values through accounting practices in the processes of industrialisation of one country (Bhimani, 1992, 1993, 1994) or in-depth ethnographic field studies of the intertwining of value and accounting in individual organisations (Abdul-Rahman and Goddard, 1998; Ahrens and Mollona, 2007; Crvelin and Becker, 2020; Dent, 1991; Ezzamel et al , 2004; Kraus et al , 2017; Parker, 2002, 2007; Roberts, 1990; Soudani and Jordan, 2021; Vaivio, 1999) or organisational fields (Jeacle and Carter, 2011; Kurunmäki et al , 2016; Maier, 2017; Martinez and Cooper, 2017; Mehrpouya and Samiolo, 2016; Takatera and Yamamoto, 1989). Again, the studies listed here did not articulate a notion of hybridised value and accounting, but might offer inspiration for such a research agenda.…”

Section: Implications For Hybridity and Hybridised Institutional Valuesmentioning

confidence: 99%

Accounting, hybrids and hybridity – attending to the value dimension in institutional logics

Ahrens

Ferry²

2022

QRAM

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Purpose This study is concerned with the institutional value dimension in recent accounting research into hybrids and hybridity. Such research has been cognitively oriented and neglected the affective and emotional qualities of the values in which institutions are grounded. This study assumes that organisational members use accounting for instrumental reasons conditioned by objective facts. This study aims to offer new impetus to this literature by taking seriously the nature of institutional value. Design/methodology/approach Essay combined with discussion of published work. Findings Cognitive misinterpretations of institutional value underplay the force of institutions. One acts upon these not as a matter of cognitive choice but because of beliefs in deeply held values. In the extreme, the value possesses the actor not vice versa. However, because institutional values are ideal and abstract, they can never be fully and incontrovertibly achieved in practice. Certain practices, such as accounting, can come to stand in for the pursuit of the institutional value. In particular contexts, practicing accounting can come to be regarded as pursing institutional values, which makes it an institutional object. Originality/value The explication of accounting as an institutional object can show the potential significance of accounting for institutional values, including hybrid values.

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“…Unlike calculating (Miller, 2001), classifying (Llewellyn and Northcott, 2005) and quantifying (Kurunmäki et al , 2016), which all have single and/or pre-defined gradients, distinctions and scales, it is not possible to pre-define what registers of valuation entail and how they take place. Consequently, registers never achieve complete stability, and they are not guided by pre-existing logics.…”

Section: Hybridization In Everyday Work Practices: How When and Where?mentioning

confidence: 99%

What is good work in a hybrid organization? On the efforts of sequencing registers of valuation

Schröder

Cederberg

Hauge

2021

AAAJ

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PurposeThis paper investigates how different and sometimes conflicting approaches to performance evaluations are hybridized in the day-to-day activities of a disciplined hybrid organization–i.e. a public child protection agency at the intersection between the market and the public sector.Design/methodology/approachThe paper is based on a one-year ethnography of how employees achieve to qualify their work as “good work” in situations with several and sometimes conflicting ideals of what “good work” is. Fieldwork material was collected by following casework activities across organizational boundaries. By combining accounting literature on hybridization with literature on practices of valuation, the paper develops a novel theoretical framework which allows for analyses of the various practices of valuation, when and where they clash and how they persist over time in everyday work.FindingsThroughout the study, four distinct registers of valuation were identified: feeling, theorizing, formalizing and costing. To denote the meticulous efforts of pursuing good work in all four registers of valuation, the authors propose the notion of sequencing. Sequencing is an ongoing process of moving conflicting registers away from each other and bringing them back together again. Correspondingly, at the operational level of a hybrid organization, temporary compartmentalization is a means of avoiding clashes, and in doing so, making it possible for different and sometimes conflicting ways of achieving good results to continuously hybridize and persist together.Research limitations/implicationsThe single-case approach allows for analytical depth, but limits the findings to theoretical, rather than empirical, generalizability. The framework the authors propose, however, is well-suited for mobilization and potential elaboration in further empirical contexts.Originality/valueThe paper provides a novel theoretical framework as well as rich empirical material from the highly political field of child protection work, which has seldomly been studied within accounting research.

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Quantifying, Economising, and Marketising: Democratising the social sphere?

Cited by 26 publications

References 15 publications

Can Financialization Save Nature? The Case of Endangered Species*

Can Financialization Save Nature? The Case of Endangered Species*

Accounting, hybrids and hybridity – attending to the value dimension in institutional logics

What is good work in a hybrid organization? On the efforts of sequencing registers of valuation

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