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FINANCIAL REGULATION AND SOCIAL WELFARE: THE CRITICAL CONTRIBUTION OF MANAGEMENT THEORY
Ist Teil von
The Academy of Management review, 2016-04, Vol.41 (2), p.298-323
Ort / Verlag
Academy of Management
Erscheinungsjahr
2016
Link zum Volltext
Quelle
EBSCOhost Business Source Ultimate
Beschreibungen/Notizen
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.