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Johan Alvehus.

Johan Alvehus

Professor

Johan Alvehus.

Financialization as a strategy of workplace control in professional service firms

Författare

  • Johan Alvehus
  • André Spicer

Summary, in English

Recently, there has been an increased focus on finance as a form of control in corporations. In this paper, we explore financialization as an employee control strategy in a Big Four accountancy firm, and more specifically how it affects the everyday lives of the professionals within the firm. We found financialization involved attempts to transform employees work- ing lives into an investment activity where work was experienced as ‘billable hours’ that are ‘invested’ in the hope of a high future pay-off. Employees sought to increase the value of their investment by skilful manipulation. If wisely managed, this investment could yield significant benefits in the future. We argue that financialization involves active employee participation and is a way of binding other forms of control together.

Avdelning/ar

  • Institutionen för tjänstevetenskap

Publiceringsår

2012

Språk

Engelska

Publikation/Tidskrift/Serie

Critical Perspectives on Accounting

Volym

23

Issue

497-510

Dokumenttyp

Artikel i tidskrift

Förlag

Academic Press

Ämne

  • Other Social Sciences

Nyckelord

  • Professional control Financialization Performance management Professional service firm

Aktiv

Published

ISBN/ISSN/Övrigt

  • ISSN: 1045-2354