Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

2 results

  • 5 - Valuation Structures

  • Dave Elder-Vass, Loughborough University
  • Book:
    Inventing Value
    Published online:
    28 July 2022
    Print publication:
    11 August 2022, pp 90-120

  • Summary

    This chapter develops an innovative explanation of the social structures implicated in the construction of financial value. In particular, it explains asset circles: an asset circle is a set of potential investors who see a particular security as investible in the sense that they are aware of its existence and would be prepared to purchase it in the right circumstances. Asset circles are essential to the very existence of financial assets, and an important factor in determining their value. The chapter begins by extending the discussion of critical realist approaches to social ontology, notably the role played by social structures. It then builds incrementally towards the concept of asset circles by first discussing simpler structures that are also fundamental to understanding financial value: norm circles, monetary circles, and monetary complexes.