Cushen, Jean (2013) Financialization in the workplace: Hegemonic narratives, performative interventions and the angry knowledge worker. Accounting, Organizations and Society, 38 (4). pp. 314-331. ISSN 0361-3682
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Abstract
This paper uncovers how the pressures of financialization were passed from top management
to employees and achieved performative hegemony in a subsidiary of a knowledge
intensive, high technology, multinational corporation. Qualitative insights from subsidiary
directors, management and knowledge workers are presented. The paper demonstrates
that financialization is a performative phenomenon which elevates the role of accounting
in organizations. It highlights how budgets can serve as a performative mechanism through
which top management can narrate a desired reality and pass down a myriad of performative
interventions to achieve this reality. The paper uncovers how financialization can cause
insecurity, work intensification, suppression of voice and the enactment of falsely optimistic
behaviours; all of which prompt distress and anger amongst knowledge workers. The
paper also uncovers sources of counter performativity and resistance but demonstrates
that employees ultimately participate in their subordination. Employees pursue financialized
performative interventions as they interpret them as the primary method of securing
their role in a pervasively insecure work environment.
Item Type: | Article |
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Keywords: | disconnected capitalism; business; finance; HRM; management; shareholder value; labor; |
Academic Unit: | Faculty of Social Sciences > School of Business |
Item ID: | 11236 |
Identification Number: | 10.1016/j.aos.2013.06.001 |
Depositing User: | Jean Cushen |
Date Deposited: | 11 Oct 2019 16:54 |
Journal or Publication Title: | Accounting, Organizations and Society |
Publisher: | Elsevier |
Refereed: | Yes |
Related URLs: | |
URI: | https://mural.maynoothuniversity.ie/id/eprint/11236 |
Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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