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Financialization as a strategy of workplace control in professional service firms
Kristianstad University, School of Health and Society, Avdelningen för Ekonomi. Lund University.
Cass Business School, City University, London, UK.
2012 (English)In: Critical Perspectives on Accounting, ISSN 1045-2354, E-ISSN 1095-9955, Vol. 23, 497-510 p.Article in journal (Refereed) Published
Abstract [en]

Recently, there has been an increased focus on finance as a form of control in corporations. In this paper, we explore financialization as an employee control strategy in a Big Four accountancy firm, and more specifically how it affects the everyday lives of the professionals within the firm. We found financialization involved attempts to transform employees working lives into an investment activity where work was experienced as ‘billable hours’ that are ‘invested’ in the hope of a high future pay-off. Employees sought to increase the value of their investment by skilful manipulation. If wisely managed, this investment could yield significant benefits in the future. We argue that financialization involves active employee participation and is a way of binding other forms of control together.

Place, publisher, year, edition, pages
2012. Vol. 23, 497-510 p.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hkr:diva-14860OAI: oai:DiVA.org:hkr-14860DiVA: diva2:857579
Available from: 2015-09-29 Created: 2015-09-29 Last updated: 2015-10-14Bibliographically approved

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Alvehus, Johan
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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
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More styles
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  • de-DE
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