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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Financial regulation and social welfare: the critical contribution of management theory
Organization Unit
Authors
  • Emilio Marti
  • Andreas Scherer
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Academy of Management Review
Publisher Academy of Management
Geographical Reach international
ISSN 0363-7425
Volume 41
Number 2
Page Range 298 - 323
Date 2016
Abstract Text 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 questions of social justice and thereby promote an inclusive approach to financial regulation that better serves social welfare.
Digital Object Identifier 10.5465/amr.2013.0469
Other Identification Number merlin-id:12711
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