TY  - CHAP
AB  - Purpose The goal of this chapter is to discuss the foundations of ‘modern finance’, its paradigm and conceptual framework, its methods and tools, its practices and results, its governance and regulation.Approach The first part presents the characteristics of ‘modern finance’ and its negative effects. The second part analyses the efforts made to remedy those effects and argue about the need for a real reform.Findings Several aspects are pointed, for example an unreasonable ‘normality’, incentives that encourage excess, the spread of subprime crisis, etc. The contemporary finance is a ‘giant with clay feet’.Originality/value We need to proceed with a dual reembeddedness of finance in the economy and economy in society.
VL  - 10
SN  - 978-1-78560-980-0, 978-1-78560-979-4/2043-9059
DO  - 10.1108/S2043-905920160000010025
UR  - https://doi.org/10.1108/S2043-905920160000010025
AU  - Pérez Roland
PY  - 2016
Y1  - 2016/01/01
TI  - Analysis of the Financial Crisis, or Crisis in Financial Analysis?
T2  - Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance
T3  - Critical Studies on Corporate Responsibility, Governance and Sustainability
PB  - Emerald Group Publishing Limited
SP  - 111
EP  - 141
Y2  - 2024/04/20
ER  -