What social forces shape the trajectory of novel, moralized forms of finance such as social finance, green finance, or Islamic banking and finance? More broadly, how do agents mobilize arguments and organize each other to create any form of financial innovation? This article addresses both...

Dating from the mid-1970s, Islamic banking and finance (IBF) is an ongoing experiment to critique the conventional interest-based financial system and to construct an alternative “Sharia-compliant” industry. This chapter develops an analytic typology to describe how states respond to this...

This article provides a new view on the old problem of herding in the global south by foreign portfolio investors. It advocates a liquidity perspective that problematizes the capacity for a herd to form because of the absence of sufficient counterparties willing to trade. Drawing on ethnographic...

Purpose Although markets are intensely social, stock markets are peculiar in that they are normatively anonymous spaces. Anonymity is a difficult-to-achieve social accomplishment in which material identity information is successfully stripped from participants. The academic literature is...

This paper addresses the puzzle of why the inclusion of non-financial social justice or religious criteria by professional fund managers has been so popular in Malaysia and yet has had to date relatively little influence in the United States stock market. Drawing from over 125 ethnographic...

This paper addresses the puzzle of why the inclusion of non-financial social justice or religious criteria by professional fund managers has been so popular in Malaysia and yet has had to date relatively little influence in the United States stock market. Drawing from over 125 ethnographic...

This paper addresses the puzzle of why the inclusion of non-financial social justice or religious criteria by professional fund managers has been so popular in Malaysia and yet has had to date relatively little influence in the United States stock market. Drawing from over 125 ethnographic...