Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Route of Corporate Shares Mapped — How Financial Market Experts Interact

15.03.2012
In a project conducted at Södertörn University and the Stockholm School of Economics researchers have analysed the work performed by various experts in investment banking and how they interact with each other.

The new book ’Marketing Shares, Sharing Markets’ describes how traders, analysts, brokers, and corporate bankers actively contribute in the shaping of financial markets.

Investment banks are expert firms working in the financial market. Here traders, analysts, brokers, and corporate bankers, work with stocks, complementing each other in terms of expertise.

The new book ’Marketing Shares, Sharing Markets’ explains how these financial experts interact in various ways to enact financial markets. The book is a product of a research project led by Karin Winroth, a business scholar at Södertörn University, including also Hans Kjellberg and Jesper Blomberg, both Associate Professors at the Stockholm School of Economics.

Karin Winroth explains that the various experts who participate in the stock market or its auxiliary services, perceive of corporate shares in various ways depending on their professional tasks. What in everyday language is referred to as ‘the financial market’ is actually several different markets that partially overlap. This can for instance be the primary and secondary stock market, currency markets, and bond markets. Depending on what the experts work with, they will refer to different parts of these markets in their discussions and recommendations.

When the media report on the financial markets there are thus different stories presented depending on whether they are talking with an analyst, a trader, a broker or a corporate banker. It’s not surprising that the functioning of financial markets are hard to grasp, as these different experts will refer to various parts when commenting upon the markets.

The new book is intended to illuminate how the practices of the experts’ contribute to how financial markets are shaped and are understood. Whether actors within the markets take interest in such information probably varies.

- The actors in financial markets can in some respects benefit from a fuzzy conception of the markets, says Karin Winroth. This makes it easier to blame the ‘invisible hand’ of the market, and they can thereby avoid taking full responsibility for activities that they participate in.

The new book introduces the reader to the financial world. It focuses on stocks, stock markets and the experts working within these markets. It describes in everyday terms the various practices of the expert work involved in what is called investment banking and how this section of the ‘financial machinery’ functions. The analyses focus upon the consequences these practices have for investment banks, investors, and corporations.

The book follows the route of a share through the system, which provides an understanding of what the various experts do. The practice of each expert group is presented in separate chapters and analyzed. This is followed by one chapter analyzing the interplay of the experts and a final chapter presenting the experts contribution in the enactment of the financial markets.

The authors have interviewed several people with experience from Swedish and international investment banks. As the practices of investment banking are international, the findings of the project are relevant globally.

The comprehensive data presented in the book is unique. It is moreover unusual to find studies that cover all four expert groups involved in investment banking and their interaction.

The research project “Organizing the Multi-Professional Market Maker” is funded by the Bank of Sweden Tercentenary Fund.

The book ‘Marketing Shares, Sharing Markets - Experts in Investment Banking’ is published by Palgrave Macmillan.

Contact
Karin Winroth, Assistant Professor at Södertörn University: tel: +46 (0)8-608 45 04, mobile: +46 (0)709-91 73 77 or karin.winroth@sh.se

Eleonor Björkman | idw
Further information:
http://www.vr.se
http://www.palgrave.com/products/title.aspx?pid=478164

More articles from Business and Finance:

nachricht Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

nachricht Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: LaserTAB: More efficient and precise contacts thanks to human-robot collaboration

At the productronica trade fair in Munich this November, the Fraunhofer Institute for Laser Technology ILT will be presenting Laser-Based Tape-Automated Bonding, LaserTAB for short. The experts from Aachen will be demonstrating how new battery cells and power electronics can be micro-welded more efficiently and precisely than ever before thanks to new optics and robot support.

Fraunhofer ILT from Aachen relies on a clever combination of robotics and a laser scanner with new optics as well as process monitoring, which it has developed...

Im Focus: The pyrenoid is a carbon-fixing liquid droplet

Plants and algae use the enzyme Rubisco to fix carbon dioxide, removing it from the atmosphere and converting it into biomass. Algae have figured out a way to increase the efficiency of carbon fixation. They gather most of their Rubisco into a ball-shaped microcompartment called the pyrenoid, which they flood with a high local concentration of carbon dioxide. A team of scientists at Princeton University, the Carnegie Institution for Science, Stanford University and the Max Plank Institute of Biochemistry have unravelled the mysteries of how the pyrenoid is assembled. These insights can help to engineer crops that remove more carbon dioxide from the atmosphere while producing more food.

A warming planet

Im Focus: Highly precise wiring in the Cerebral Cortex

Our brains house extremely complex neuronal circuits, whose detailed structures are still largely unknown. This is especially true for the so-called cerebral cortex of mammals, where among other things vision, thoughts or spatial orientation are being computed. Here the rules by which nerve cells are connected to each other are only partly understood. A team of scientists around Moritz Helmstaedter at the Frankfiurt Max Planck Institute for Brain Research and Helene Schmidt (Humboldt University in Berlin) have now discovered a surprisingly precise nerve cell connectivity pattern in the part of the cerebral cortex that is responsible for orienting the individual animal or human in space.

The researchers report online in Nature (Schmidt et al., 2017. Axonal synapse sorting in medial entorhinal cortex, DOI: 10.1038/nature24005) that synapses in...

Im Focus: Tiny lasers from a gallery of whispers

New technique promises tunable laser devices

Whispering gallery mode (WGM) resonators are used to make tiny micro-lasers, sensors, switches, routers and other devices. These tiny structures rely on a...

Im Focus: Ultrafast snapshots of relaxing electrons in solids

Using ultrafast flashes of laser and x-ray radiation, scientists at the Max Planck Institute of Quantum Optics (Garching, Germany) took snapshots of the briefest electron motion inside a solid material to date. The electron motion lasted only 750 billionths of the billionth of a second before it fainted, setting a new record of human capability to capture ultrafast processes inside solids!

When x-rays shine onto solid materials or large molecules, an electron is pushed away from its original place near the nucleus of the atom, leaving a hole...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

“Lasers in Composites Symposium” in Aachen – from Science to Application

19.09.2017 | Event News

I-ESA 2018 – Call for Papers

12.09.2017 | Event News

EMBO at Basel Life, a new conference on current and emerging life science research

06.09.2017 | Event News

 
Latest News

Fraunhofer ISE Pushes World Record for Multicrystalline Silicon Solar Cells to 22.3 Percent

25.09.2017 | Power and Electrical Engineering

Usher syndrome: Gene therapy restores hearing and balance

25.09.2017 | Health and Medicine

An international team of physicists a coherent amplification effect in laser excited dielectrics

25.09.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>