Conceptualising "financialization": governance, organizational behavior and social interaction in UK housing.

 



In the British housing market context, this article investigates the meaning of "financialization." The authors argue that financialization, which refers to the growing dominance of financial actors and financial logic in various economic sectors, has significantly impacted the governance and organizational behavior of housing providers. Financialization refers to the increasing dominance of financial actors and financial logic in various sectors of the economy. The article draws on interviews with housing professionals to highlight how the advent of financialization has led to a shift toward a more market-oriented and profit-driven approach to housing provision, as well as changes in how housing providers interact with their tenants and other stakeholders in the housing market.

The article has repercussions for other places of employment, particularly those in sectors of the economy that the expansion of the financial sector has influenced. Concerns have been raised, for instance, regarding placing a higher value on profits than on the quality of treatment provided to patients due to the rise of financialization in the healthcare industry. Similarly, the financialization of higher education has led to a focus on market competition and the commodification of knowledge rather than on the pursuit of learning and academic excellence. This is in contrast to the traditional model of higher education, in which the primary goal is to achieve academic excellence.

For my part, this piece is very pertinent to the business job I intend to pursue. Because I am interested in both sustainability and corporate social responsibility, I am concerned about the effects that financialization can have on organizations and the people who have a stake in them. This article has made me more aware of the need to critically examine how financial logic shapes organizations' behavior and decision-making, as well as the need to consider alternative approaches that prioritize social and environmental sustainability. I am grateful for this article.


Jacobs, K., & Manzi, T. (2019). Conceptualising “financialisation”: governance, organisational behaviour and social interaction in UK housing. International Journal of Housing Policy, 1–19. https://doi.org/10.1080/19491247.2018.1540737


Comments

  1. The article is a pretty interested read. Regarding how the financial sector has been influenced, its great to see how companies are adapting to the changes. But it is also important to consider the challenges that come with it.

    ReplyDelete

Post a Comment

Popular posts from this blog

GRAND SUMMARY : ORGANIZATIONAL BEHAVIOUR