Inertia - Purposeful Inefficiencies in Financial Markets

This book demonstrates how long-standing social relationships within the investing world contribute to a state of inertia, which prevents substantive change to the status quo.

List of contents

Introduction
1. Financial Intermediaries
2. Social Structures of Financial Markets
3. Social Stickiness
4. Conformity and Consensus
5. Technological Resistance
6. The Big Doxic Disturbance
7. Distinction Work
Conclusion: Purposeful Inertia in Financial Markets
Methodological Appendix: Speaking to the Prophets of Alpha
Notes
Index

About the author

Yuval Millo is professor of accounting at Warwick Business School, University of Warwick.

Crawford Spence is professor of accounting and codirector of the FinWork Futures Research Centre at King’s College London.

James J. Valentine is the founder of AnalystSolutions and previously served as director of the Applied Investment Management program at Marquette University.

Summary

This book demonstrates how long-standing social relationships within the investing world contribute to a state of inertia, which prevents substantive change to the status quo.

Product details

• Authors: Yuval Millo, Yuval Spence Millo, Crawford Spence, James J. Valentine
• Publisher: Columbia University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 25.02.2025
• EAN: 9780231212236
• ISBN: 978-0-231-21223-6
• No. of pages: 248
• Subjects: Social sciences, law, business > Business > Business administration; SOCIAL SCIENCE / Sociology / General, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Finance / General, Economic history, Finance & accounting, Finance and accounting, business & economics; social science