Financial performance rankings as trading organizing devices: The case of chilean pension funds

Juan Felipe Espinosa, José Ignacio Alarcón

Resultado de la investigación: Article

Resumen

The aim of this paper is to describe some of the mechanisms that connect financial performance rankings with crowd thought and herd trading behaviour. The paper aims to analyse these complex phenomena using data produced by traders and some regulators from the Chilean capital market. The data emerges from a two-year ongoing Chilean nationwide research project [3]. Using a qualitative content analysis based on interviews, and triangulated with observations in the field, the paper reads from literature inspired by Science and Technology Studies - in particular, sociology of rankings and social studies of finance and markets - and second-order observation approaches of financial markets. Some preliminary results callfor a more agential and material approach in order to understand the nuances of the relationships between rankings, trading activities and financial markets organisation. Furthermore, some of these qualitative results allow anticipating some elements about the performativity of rankings on financial market through the construction of herding on the Chilean case.

Idioma originalEnglish
PublicaciónEspacios
Volumen37
N.º36
EstadoPublished - 2016

Huella dactilar

Finance
Organizing
Financial performance
Ranking
Pension funds
Financial markets
Performativity
Content analysis
Herding
Sociology
Trading behavior
Traders
Social studies of finance
Capital markets
Trading activity

ASJC Scopus subject areas

  • Business and International Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

Citar esto

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Financial performance rankings as trading organizing devices : The case of chilean pension funds. / Espinosa, Juan Felipe; Alarcón, José Ignacio.

En: Espacios, Vol. 37, N.º 36, 2016.

Resultado de la investigación: Article

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