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Chains of Value: How Intermediaries Evaluate Financial Instruments May 4-5, Edinburgh May 4

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Chains of Value: How Intermediaries Evaluate Financial Instruments May 4-5, Edinburgh May 4 Chains of Value: How Intermediaries Evaluate Financial Instruments May 4-5, Edinburgh May 4 10.00 – 11.00 Coffee and registration Robson Theatre, Hugh Robson Building, George Square 11.00 – 11.10 Welcome by Donald MacKenzie Robson Theatre, Hugh Robson Building, George Square 11.10 – 12.10 Keynote by John Kay Finance for the Non-Financial Economy, Chaired by Angus Macdonald, Heriot-Watt University Robson Theatre, Hugh Robson Building, George Square 12.10 – 13.00 Keynote by Donald MacKenzie Precipitated Struggle: The High-Frequency Trading of US Shares, Chaired by Angus Macdonald, Heriot-Watt University Robson Theatre, Hugh Robson Building, George Square 13.00 – 14.30 Lunch break Common Room, 6th floor, Chrystal Macmillan Building 14.30 – 16.00 Chains of Finance: How Investment Management is Shaped Common Room, 6th floor, Chrystal Macmillan Building Chaired by Ann-Christina Lange, Copenhagen Business School Philip Grant, University of Edinburgh Demotechnocracy: Investment Management as a Political Problem Iain Hardie, University of Edinburgh Towards a Scottish Government Bond Market? Ekaterina Svetlova, University of Leicester Do Financial Models Herd? 16.00 – 16.30 Tea break Common Room, 6th floor, Chrystal Macmillan Building 16.30 – 17.30 Monies and Models Common Room, 6th floor, Chrystal Macmillan Building Chaired by Seth Armitage, University of Edinburgh Diane-Laure Arjaliès, Ivey Business School Money, morals and valuation: How local and complementary currencies question the global financial system Taylor Spears, University of Edinburgh To Carve the Market at its Joints: Homology, Path Dependence and the Shaping of the LIBOR Market Model 17.30 – 18.00 Reflections on the day James Clunie, Jupiter Asset Management Common Room, 6th floor Chains of Value: How Intermediaries Evaluate Financial Instruments May 4-5, Edinburgh May 5 9.30 – 10.00 Coffee and registration Common Room, 6th floor, Chrystal Macmillan Building 10.00 – 11.00 Keynote by Gregory Jackson Understanding Short-termism: Theorizing Corporate Governance, Double Contingency and Temporal Calibration Chaired by Nina Andreeva (Cambridge Judge Business School) Common Room, 6th floor, Chrystal Macmillan Building 11.00 – 12.30 Parallel sessions Session 1: Governance of Financial Markets Common Room, 6th floor, Chrystal Macmillan Building Session 2: The Role of Analysts Practice Suite, Chrystal Macmillan Building, 1.12 12.30 – 14.00 Lunch break Common Room, 6th floor, Chrystal Macmillan Building 14.00 – 16.00 Parallel sessions Session 3: Valuation Devices Common Room, 6th floor, Chrystal Macmillan Building Session 4: Machines as Mediators Practice Suite, Chrystal Macmillan Building, 1.12 16.00 – 16.30 Tea break Common Room, 6th floor, Chrystal Macmillan Building 16.30 – 17.30 Keynote by Ann-Christina Lange Contagious Markets: A Sociological Approach to High-Frequency Trading Chaired by Edward LiPuma, University of Miami Common Room, 6th floor, Chrystal Macmillan Building Morning Parallel Sessions, May 5 Session 1: Governance of Financial Markets May 5, 11am – 12.30pm, Common Room, 6th floor, Chrystal Macmillan Building Chaired by Ekaterina Svetlova, University of Leicester 1. Nathan Coombs (University of Edinburgh) and John Morris (University College London) ‘Narrating doomsday scenarios: The qualitative transformation of regulatory stress testing’ 2. Nina Andreeva (University of Cambridge) 'Contributing to or detracting from organisational resilience? A case study of regulatory stress testing’ 3. Anne van der Graaf (Sciences Po) ‘Managing Risks With the Fairest Value’ Session 2: The Role of Analysts May 5, 11am – 12.30pm, Practice Suite 1.12, 1st floor, Chrystal Macmillan Building Chaired by Olivier Godechot, Sciences Po 1. Natalia Besedovksy (University of Hamburg) ‘Paradigm Shifts in Credit Risk Assessments: The Case of Credit Rating Agencies’ Structured Finance Rating Innovations’ 2. Subhash Abhayawansa (Swinburne University), Mark Aleksanyan (University of Glasgow), Shahed Immam, Yuval Millo and Crawford Spence (University of Warwick) ‘Write to Talk: Positional struggles among Financial Intermediaries and practices of expertise in the field of investment advice’ 3. Mary Benner (University of Minnesota) and Daniel Beunza (LSE) ‘Two sides to the story? Positive and negative aspects of securities analysts in the organizational literature’ Acknowledgement The organisers wish to thank the European Research Council, whose Advanced Investigator Grant under the European Union’s Seventh Framework Programme (fp7, 291733, EPIFM) has made this meeting possible. Afternoon Parallel Sessions, May 5 Session 3: Valuation Devices May 5, 2pm – 4pm, Common Room, 6th floor, Chrystal Macmillan Building Chaired by Anne van der Graaf, Sciences Po 1. Edward LiPuma (University of Miami) ‘The Social Dimensions of the Black-Scholes equation’ 2. Timo Walter (University of Erfurt) ‘The meta-semiotics of valuation: how chains of intermediation give way to self-referential finance’ 3. Emre Tarim (Lancaster University) and Gulnur Muradoglu (Queen Mary University of London) ‘The Holy Spirit and Performativity: Institutionalization of noise trading in the Turkish market’ 4. Philip Roscoe (University of St. Andrews) ‘Trading mechanisms and market values in the UK’s smaller company markets, 1995 to 2012’ Session 4: Machines as Mediators May 5, 2pm – 4pm, Practice Suite 1.12, 1st floor, Chrystal Macmillan Building Chaired by Diane-Laure Arjaliès, Ivey Business School 1. Jessica Weinkle (University of North Carolina Wilmington) ‘Knowledge, morality, and power: Catastrophe models as arbitors in the political process of characterizing risk for insurance’ 2. Emilio Marti, Thomas Lawrence (University of Oxford), André Spicer and Jean-Pascal Gond (City, University of London) ‘Myth Busters? Exploring the role of critics in the maintenance of rationalized myths’ 3. Chris Clarke (University of Warwick) ‘The Digital Disruption of Banks: Monopoly, Power and Data in Online Direct Lending’ 4. Robert Wardrop (University of Cambridge) ‘Intermediary Trust and the Growth of P2P Lending to SMEs’ .
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