Exploring technological instantiation of regulatory practices in entangled financial markets

Wendy Currie () and Jonathan Jm Seddon
Additional contact information
Wendy Currie: Audencia Business School
Jonathan Jm Seddon: Audencia Business School

Post-Print from HAL

Abstract: The literature on the sociology of financial markets and institutional theory promotes concepts of field, networks, performativity, agencement and financial entropy. This study builds a conceptual model of technological instantiation of regulatory practices in financial markets. We observe how asset management firms instantiate technology as a material and social artefact to regulate the actions and behaviour of human agents. The structural-agency divide reveals the coercive role of regulators who impose stringent compliance practices on financial organizations by embedding formal rules and regulations in the software. Socio-technical conditions show how human agents interpret and apply these rules to circumvent formal regulatory policies and practices. Context-specific analysis shows technological performativity and agencement co-exist in financial fields that are becoming more entangled and fragmented. Regulators respond with more complex mandates to reduce entropy in financial markets characterized by extreme volatility and instability.

Date: 2022-03
New Economics Papers: this item is included in nep-dem, nep-hme and nep-pay
Note: View the original document on HAL open archive server: https://audencia.hal.science/hal-03599145
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Information Technology, 2022, 37 (1), pp.31-50. ⟨10.1177/02683962211027308⟩

Downloads: (external link)
https://audencia.hal.science/hal-03599145/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03599145

DOI: 10.1177/02683962211027308

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().