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This paper is situated within two debates. First concerns the theories of ‘disorganised capitalism’ and the like which argue for major restructuring of advanced capitalist societies. Reed (1991) usefully identifies and summarises three varieties of such theory: (i) Post‐Fordism/Flexible Specialisation (e.g. Piore and Sabel, 1982); (ii) Disorganised Capitalism (e.g. Lash and Urry, 1987); (iii) Post‐Modernism (e.g. Poster, 1984). Common to these theories of ‘disorganised capitalism’ is the understanding that the progressive development of an ‘organised society’ (Prestus, 1962) — characterised by concentration, centralisation and corporatism — is being interrupted/challenged by trends in a contrary direction. The second relates to arguments about the work of middle management (e.g. Goffee and Scase, 1986 v. Dopson and Stewart, 1990).

The purpose of this paper is to briefly explore some recent curious interlocking of the ideology of markets and the practice of policy.

This particular discursive combine has most visibly been apparent in the concatenated birth and death of the US Defense Department's so‐called “Policy Analysis Market” (PAM). Yet PAM is but the most notorious example of a more sustained and pervasive attempt to use the technologies and disciplines of markets to render policy both better informed and more amenable to control through robust and seemingly incontestable systems of accountability. Given its prominence, our way in is through a brief description of PAM's origins and demise.

It is found that PAM and its similar brethren of markets for use in policy formation and judgement are less concerned with the capture of reality and more with the disciplining power of a curious “objectivity”.

Projects such as PAM are thus not easily challengeable on grounds of their veracity. Rather research that seeks to interrogate the use of market technologies in policy must look to their context and effects.

The purpose of this paper is to subject the short lived “Policy Analysis Market” (PAM) – “a Pentagon betting market on terror attacks” – and media and academic reactions to it, to some critical analysis.

The paper engages sustained invocation of the relationship between simulation and representation, for the story of the Policy Analysis Market (PAM) and its demise is replete with the tension between the two. It interrogates a range of accounts of the (un)timely demise of PAM, from the fearful senators and the moralistic media who subsumed and buttressed their position to the market evangelists for whom the failure of this particular market was merely proof of the veracity of markets elsewhere.

It is found that, inter alia, PAM was not really market‐like enough and, indeed, that it duplicated in impoverished form already existing markets that pertain to its objects of interest; that it was too much a market, given that its “goods” are seemingly inappropriate for market trade; and that it exposed too much of the truth of the actual operation of existing markets via the difficulties it confronted with regard to the possibility of insider dealing.

By contextualising PAM within the so‐called war on terror of which it was part, we see in the tension between representation and simulation, tension between a singular and a manifold reality; a set of tensions which make clear the extent of the gap that must exist between cause and effect, truth and prediction. The paper concludes by joining the celebration of PAM's demise whilst yearning for a similar fate to befall the other monologues that brought it to silence.

That which is exchanged in financialised trading extends beyond the moment, being elongated in the rights, responsibilities and liabilities it confers and so liable in nature as to throw into question the very attribute of thingness traditionally associated with exchange. The purpose of this paper is to examine the implications of these issues for articulation of what actually takes place at the moment of exchange.

This research paper examines key moments in the oral histories that constitute the “City Lives” archive at the British Library, focussing upon interchanges between interviewers and traders in which the gulf between the two and their modes of articulation is exposed by the interviewers' incomprehension of the work of the trader. Here, not only is the disconnection between trading and more routine transactions revealed, but also that between the narrative resources of traders and others.

Whilst there are various reasons identified for a general inability to convey to an outsider the inside of the practice, particular issues are also at play in financial exchange; primarily the sublime aestheticisation of jeopardy that may be seen to lurk at the heart of the taking of risk.

Financialised trading's disconnection requires attention to situation so that the texture of the disconnection itself can be put into context and a theorisation of the moment of exchange that can mediate between those who engage in it and attempt to describe it and those who seek to understand it from the outside.

The purpose of this paper is to provide a close, detailed analysis of the frequency, nature, and depth of visible use of two of Foucault’s classic early works, The Archaeology of Knowledge and The Order of Things, by library, and information science/studies (LIS) scholars.

The study involved conducting extensive full-text searches in a large number of electronically available LIS journal databases to find citations of Foucault’s works, then examining each citing article and each individual citation to evaluate the nature and depth of each use.

Contrary to initial expectations, the works in question are relatively little used by LIS scholars in journal articles, and where they are used, such use is often only vague, brief, or in passing. In short, works traditionally seen as central and foundational to discourse analysis appear relatively little in discussions of discourse.

The study was limited to a certain batch of LIS journal articles that are electronically available in full text at UCLA, where the study was conducted. The results potentially could change by focussing on a fuller or different collection of journals or on non-journal literature. More sophisticated bibliometric techniques could reveal different relative performance among journals. Other research approaches, such as discourse analysis, social network analysis, or scholar interviews, might reveal patterns of use and influence that are not visible in the journal literature.

This study’s intensive, in-depth study of quality as well as quantity of citations challenges some existing assumptions regarding citation analysis and the sociology of citation practices, plus illuminating Foucault scholarship.

Companies documents such as annual reports incorporate narratives of repetitive rhetorical strategies as effective mechanisms adopted by companies' boardrooms to promote strategic change and strategic choices. These mechanisms can be viewed as persuasive appeals to facilitate boardrooms’ discourses. Despite the contribution of previous research through narrative analysis domains, conceptualization of narrative practices remains a relatively neglected area in the extant accounting literature.

The analytical framework is rooted in Aristotle's three pillars of rhetorical proofs: ethos (credibility/trustworthiness), pathos (emotion/identification through cultural domains) and logos (reason/rationale) in investigating narrative extracts regarding persuasive appeals adopted by Carillion's board through annual reports that facilitate discourse regarding Carillion’s strategic choices. Further, the authors emphasis on repetitive rhetorical slogan strategies embedded in the annual reports regarding Carillion's acquisitions strategy. We viewed acquisitions narratives as rhetorical communication artefacts and analyzed the repetitive rhetoric slogans in these corporate documents.

Findings of this study show how persuasive strategies and repetitive slogans trigger the discourses of Carillion's annual reports by drawing on perspectives from upper echelon theory, impression management and communication patterns. Findings reveal that Carillion’ board strategically use repetitive rhetoric slogans to shape optimistic corporate future performance which might be different from the feasible reality. Finally, the authors argue that corporate executives are striving to construct an alternative reality stem from their initial unrealistic aspiration to lead their sector of less controlled market share. Findings of this study have theoretical and managerial implications.

The key limitation of this study lies with the case study as the research methodology. Subjectivity remains inherent in interpreting the findings of this study. Future studies may adopt or adapt the authors’ analytical framework to examine other domains underpinning corporate reporting practices.

The findings of this study have practical implications for boardrooms and policymakers. Findings of this study have theoretical and managerial implications. The level of optimism has its impact on the mood of financial decision-makers, and when there is a high level of optimism, managers may consider making more investment decisions and therefore making many acquisitions. Managerial overconfidence has been widely documented in the literature. Overconfident managers systematically overestimate the probability of good outcomes (and correspondingly underestimate the probability of bad outcomes) resulting from their actions.

Managerial overconfidence refers to overestimation of managers' own abilities and outcomes relating to actions which are under their control. Executives believed that they have ultimate control over outcomes, which leads them to underestimate the probability of failure generally. According to self-attribution bias, many people tend to excessively credit their own skills for good results and overly credit external factors for bad outcomes.

The study explores the repetitive rhetorical slogan strategies embedded in the annual reports regarding Carillion's acquisitions strategy. Further, the study reveals how Carillion's board engaged through the early report with discourse and repetitive slogans to maintain their legitimacy. Findings reveal that Carillion’s board strategically uses repetitive rhetoric slogans to shape optimistic corporate future performance, which might be different from the feasible reality. Finally, the authors argue that corporate executives are striving to construct an alternative reality stem from their initial unrealistic aspiration to lead their sector of less controlled market share.

The purpose of this paper is to examine the role of management control systems (MCS) in organisational change towards sustainability. In particular, it examines the extent to which MCS may be instrumental in transformative organisational change in this sphere.

Through an in-depth case study of an Australian multinational corporation in the property sector, this paper explores the possibilities for MCS to influence organisational change towards a multi-bottom-line, balanced approach to social and environmental challenges facing corporations. MCS are conceptualised using Simons’ (1995) Levers of Control framework. On the question of sustainability, the approach adopted in this paper contrasts with much of the prior literature that largely takes a predominantly pragmatist approach and equates sustainability performance with financial performance. The prior literature generally reports a positive role for MCS in organisational change efforts. By contrast, drawing on the typology developed by Hopwood et al. (2005), this paper views sustainability as requiring a balancing of economic, social and environmental concerns.

The findings indicate that although MCS are not irrelevant, they do not play a transformative role in enabling deep-seated organisational change towards sustainability. The critical literature on the nature of MCS is drawn upon to explore the reasons for the observed non-role.

The analysis sheds light on factors that may influence the effectiveness of conventional notions of MCS in organisational change. The findings contribute to the debate regarding the suitability of continued efforts at using conventional notions of management accounting and MCS in enabling organisational change towards greater social and environmental sustainability. The paper also highlights the value of a critical examination of the usefulness of management accounting and control practices in the context of organisational change towards sustainability.

Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their workforce – not even, in many cases, describing workers as assets! Describes many studies to back up this claim in theis work based on the 2002 Employment Research Unit Annual Conference, in Cardiff, Wales.