Calculators, Lemmings or Frame-Makers? The Intermediary Role of Securities Analysts

By Daniel Beunza, Raghu Garud. 2007

247 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/24deb514b7fc719e8a72e561f5ae101855a3a00c

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Citations in the corpus

Economization, part 2: a research programme for the study of markets (2010, background): “Beunza and Garud (2007) have shown how financial analysts cling to the Koray Çalışkan and Michel Callon: Economization, part 2 17”
Transparent to whom? No algorithmic accountability without a critical audience (2018, background): “…through which people and digital quanti ﬁ cation objects interact to arrive at ‘ calculative frames ’ (Hardie & Mackenzie, 2007) or ‘ market frames ’ (Beunza & Garud, 2007); world-views that exist as mental models and have a material manifestation in the form of text, spreadsheets and models.”
Standardization as Institutional Work: The Regulatory Power of a Responsible Investment Standard (2012, background): “We borrow the term ‘calculative frame’ from Beunza and Garud (2007), who use it to identify material and cognitive elements in the frame-making of securities analysts in financial markets (Beunza & Garud, 2007, p. 26).”
Tracking the numbers: Across accounting and finance, organizations and markets (2009, background): “Financial experts are such a group and, indeed, we encounter the argument according to which financial analysts, for instance, perform precisely the function of making securities commensurable (Beunza & Garud, 2007) and of classifying them within certain categories (e.g. Zuckerman, 1999, 2004).”
What do business models do? Narratives, calculation and market exploration (2009, unknown): “The world of finance has proved to be a fruitful field for the study of market devices such as the reports provided by securities analysts (Beunza and Garud, 2007), the stock ticker (Preda, 2006), financial formulae (MacKenzie and Millo, 2003).”
Marks of Distinction (2015, background): “First, in this context investors rely on analysts’ reports mostly to gather diverse perspectives before making a decision, so they want analysts to make a case ‘‘for the bull and the bear’’ (Beunza and Garud, 2007: 18).”
‘Responsible investment’: ESG and the post-crisis ethical order (2020, background): “Beunza and Garud (2007) and Preda (2007), by contrast, claim that financial analysis is a mode of translation that transforms conceptual thoughts on how markets ought to work into valuation schemes.”
The Sociology of Finance (2011, background): “Beunza & Garud (2007), for example, examine securities analysts, who write reports and make recommendations to investors and portfolio managers.”