{"id":3675,"date":"2022-08-30T09:30:13","date_gmt":"2022-08-30T07:30:13","guid":{"rendered":"https:\/\/eaa-online.org\/arc\/events\/"},"modified":"2022-08-30T09:30:40","modified_gmt":"2022-08-30T07:30:40","slug":"call-for-papers-critical-perspectives-on-accounting","status":"publish","type":"event","link":"https:\/\/eaa-online.org\/arc\/events\/call-for-papers-critical-perspectives-on-accounting","title":{"rendered":"Call for papers – Critical Perspectives on Accounting"},"content":{"rendered":"
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The financialization of daily life: the lived experience of financially responsible behaviour?<\/b><\/h3>\n

Ariane Agunsoye, Pauline Gleadle and Neeta Shah.<\/strong><\/p>\n

In recent decades, as part of the neoliberal turn, risks which used to be carried by the state or the employer are increasingly carried by individuals (Langley, 2006; 2008). State pensions have been reduced up to the degree of solely providing poverty relief and workplace pensions have changed from providing a guaranteed income during retirement to basing pension income on investment returns earned throughout the contribution period \u2013 transferring the responsibility for having adequate retirement income from the employer to the employee (James, 2021). To deal with these newly acquired financial risks, the financially responsible individual is expected to conduct regular investments throughout their lifetime, embrace risk management strategies (Maman and Rosenhek, 2020) and by means of this, build a diversified asset portfolio which serves as an income source during non-working periods (Agunsoye, 2021; Langley, 2006, 2008; Strauss, 2008). This has been referred to as the\u00a0financialization of daily life<\/em>\u00a0where \u201ccitizens must now take individual responsibility over financial futures\u201d, requiring \u201cnew identities and forms of calculations\u201d (Froud et al., 2007, p.340) and resulting in financial concepts entering into more and more aspects of everyday life.<\/p>\n

This is of serious concern, given that the ongoing process of everyday financialization is widely recognized in the literature as a redistribution process in which individuals rather than other stakeholders (such as the state, employers or shareholders) find themselves on the losing side of financialization (Barradas, 2019; Gleadle et al., 2014; Palladino, 2020; Van der Zwan, 2014). \u201cWithout significant capital, people are asked to think like capitalists\u201d (Martin, 2002, p.43) and conduct continued pension investments, disadvantaging people with differential life histories as evidenced once again during the recent pandemic. Not only has income inequality risen substantially, exceeding the distributional effects from previous pandemics, recessions and financial crises (Furceri and Pizzuto, 2021) but also it is predominantly women who have taken up the increase in caring work and minority ethnic groups who have suffered relatively more from a fall in employment (Madgavkar et al., 2021; TUC, 2021).<\/p>\n

This is where the proposed special issue seeks to make its mark. By moving beyond identifying deviations from financially responsible behaviour and suggesting individual solutions such as financial education as remedy, we call for more radically conceived contributions. These might display the potential for rethinking our understanding of the lived experience of financially responsible behaviour, in situations where everyday financial practices might be recognized as logical responses to an increasingly unequal society. In view of such concerns, we welcome papers adopting a variety of perspectives. Possible topics include:<\/p>\n

Financial literacy programmes\u00a0are often heralded as a cure for such apparently divergent financial practices (Lusardi and Mitchell, 2014), with even secondary schools now offering financial education (FinCap, 2019); whilst other approaches (Bay et al., 2014) stress that financial literacy as a concept is itself context dependant rather than being constituted as an invariable list of skills. Maman and Rosenhek (2020, p. 303) even argue that the very project of the responsibilization of the individual for their own personal financial well-being \u201cpresumes a world in which calculative subjects can estimate and manage future (financial market) risks [\u2026] rather than (viewing them) as a site of fundamental uncertainty.\u201d Given such arguments, we welcome papers adopting a critical approach to the concept of financial literacy.<\/p>\n

Cultural norms, life cycle and generational issues<\/strong>\u00a0are arguably key in understanding how the risks inherent in financialization impact personal finances of individuals, families and communities. Related contributions could include those from a cross-cultural perspective where, for instance, attitudes to care of the elderly may vary substantially from many current Western norms. Such norms which put emphasis on the collective rather than the individual can impact one\u2019s own financial approach (Willows and October, In Press). How does the financialization of daily life impact cultural norms and might practices outside definitions of financially responsible behaviour be equally appropriate? What could these practices look like and how do they impact the future retirement income?<\/p>\n

The increasing\u00a0financialization of care<\/strong>, where elderly and disability care is progressively delivered in highly individualised financial packages requiring participants to self-manage and \u201cchoose\u201d between care options and where in the UK, adult social care has become highly financialized with major effects on its largely female workforce (Horton, 2019). Studies of the financialization of death would be welcome, in view for example, of the fact that the average cost of a UK funeral has now risen to \u00a34,000+ (Competition and Markets Authority, 2019, p. 17). How is the financialization of care transforming norms as they relate to care giving?<\/p>\n

The\u00a0gendered aspects<\/strong>\u00a0of personal finance (Cupak et al., 2020; Grady, 2015; Joseph, 2013) where it has been suggested that women\u2019s personal finance is impacted on the one hand by systemic constraints, such as caring work not being sufficiently recognized within existing welfare systems, and on the other hand by socially constructed gender norms of financial behaviour of men and women. While research has increased in these areas, the lived experience of women in these contexts, their everyday financial practices and their underlying reasoning remain under-explored. Papers could include qualitative research into the impact of gender norms, including norms of financial behaviour and \u2018gender-normative\u2019 roles within the household, on the financial practices of women and\/or how women navigate their pension savings in a highly unequal welfare system.<\/p>\n

Investigating issues around\u00a0trust\/distrust in finance and the existing system<\/strong>, particularly in the view of such developments as the diminished role of UK bank managers, a group previously viewed as trusted pillars of the community (Nayak and Beckett, 2008). Given also the pension scandals in the previous four decades, is it really irrational not to trust financial investments and instead, to search for alternative investments for retirement? In this connection for example, Agunsoye (2021) finds that due to feeling \u2018trapped\u2019 in having to provide financial security themselves in the UK, individuals may amend asset norms to their own needs, such that the lived experience of everyday financialization cannot be viewed as a monolithic process. Submissions to this special issue could explore such developments, including changing attitudes of the public to financial institutions.<\/p>\n

Exploring\u00a0neo-colonial practices of everyday financialization<\/strong>. We encourage studies that explore the expansion of financialization across the globe, the ways in which people are recruited into the banking system, and how these financial services are transforming the lived experiences of people in developing countries (Guermond, 2019; Balliester Reis, 2020).<\/p>\n

Finally but very importantly, how has the current\u00a0Covid-19 pandemic\u00a0<\/strong>changed the lived experience of everyday financialization? Has it changed our approaches to everyday finance? What does the pandemic mean for income and wealth inequality? For instance, during the pandemic governments stepped in to moderate the impact of lockdowns on the economy. In the UK, for example, a stamp duty holiday was introduced. While it was implemented to revive the housing market, it exacerbated existing inequalities where soaring property prices prevent lower income households from entering the property market (Sweney, 2021). Also, as there has been relatively little research to date on ethnic minority groups in the UK in particular (but see Bangham, 2020), further work could investigate how the pandemic coupled with an ongoing everyday financialization has impacted these diverse populations. We encourage submissions to this special issue which explore the interventions of governments internationally during the pandemic and the effects of these on the financialization of daily life.<\/p>\n

Submission process<\/strong><\/p>\n

The deadline for submissions to this special issue is 30th of September 2023. Manuscripts should be submitted electronically via\u00a0https:\/\/www.journals.elsevier.com\/critical-perspectives-on-accounting<\/a>. It is anticipated that this special issue will be published in 2024-25.<\/p>\n

Please direct any enquiries you may have about the special issue, copied to all the editors:<\/p>\n

Ariane Agunsoye<\/strong><\/p>\n

Goldsmiths, University of London<\/p>\n

Email: A.Agunsoye@gold.ac.uk<\/p>\n

Pauline Gleadle<\/strong><\/p>\n

The Open University<\/p>\n

Email: Pauline.Gleadle@open.ac.uk\\<\/p>\n

Neeta Shah<\/strong><\/p>\n

University of Westminster<\/p>\n

Email:\u00a0N.Shah08@westminster.ac.uk<\/a><\/p>\n

References<\/strong><\/p>\n

Agunsoye, A. (2021) \u2018 \u201dLocked in the Rat Race\u201d: Variegated financial subjectivities in the United Kingdom,\u2019 Environment and Planning A, 53(7), 1828-1848.<\/p>\n

Appleyard, A., Rowlingson, K., & Gardner, J. (2016), \u2018The variegated financialization of sub-prime credit markets,\u2019 Competition and Change, 20(5), 297-313.<\/p>\n

Balliester Reis, T. (2020), \u2018Financial inclusion, poverty and income inequality in low- and middle-income countries: A mixed-method investigation,\u2019 PhD Thesis. University of Leeds.<\/p>\n

Bangham, G (2020), \u2018The gap that won\u2019t close: The distribution of wealth between ethnic groups in Great Britain,\u2019 Resolution Foundation Briefing, December 2020.<\/p>\n

Barradas, R. (2019), \u2018Financialization and neoliberalism and the fall in the labor share: A panel data econometric analysis for the European Union countries,\u2019 Review of Radical Political Economics, 51(3), 383-417.<\/p>\n

Bay, C., Catasus, B., & Johed, G. (2014), \u2018Situating financial literacy,\u2019 Critical Perspectives on Accounting, 25(1):36-45.<\/p>\n

Bloodworth, J (2019), \u2018Hired: undercover in low-wage Britain,\u2019 London, UK; Atlantic Books Ltd. Competition & Markets Authority (2019), \u2018Funeral markets study: final report and decision on a market investigation reference,\u2019 28th<\/sup>\u00a0March 2019. Funerals market study (publishing.service.gov.uk<\/a>) Accessed 20th<\/sup>\u00a0October 2021.<\/p>\n

Cupak, A., Fessler, P., & Schneebaum, A. (2020), \u2018Gender differences in risky asset behavior: The importance of self-confidence and financial literacy,\u2019 Finance Research Letters, 1-6.<\/p>\n

FinCap (2019), \u2018Financial Capability Strategy for the UK,\u2019 https:\/\/www.fincap.org.uk\/.<\/p>\n

Furceri, D., & Pizzuto, P. (2021). Will COVID-19 have long-lasting effects on inequality? Evidence from past pandemics,\u2019 IMF Working Papers, IMF eLibrary ISBN 978 151 358 2375, Publication date 1st<\/sup>\u00a0May 2021.<\/p>\n

Gleadle, P., Haslam, C., & Ping Yin, Y. (2014), \u2018Critical accounts and perspectives on financialization,\u2019 Critical Perspectives on Accounting, 25(1), 1-4.<\/p>\n

Gough, O., & Adami, R. (2013), \u2018Saving for retirement: a review of ethnic minorities in the UK,\u2019 Social Policy and Society, 12(1), 147-161.<\/p>\n

Grady, J. (2015), \u2018Gendering pensions: Making women visible,\u2019 Gender, Work and Organization, 22(5), 445\u2013458.<\/p>\n

Guermond, V. (2020), \u2018Contesting the financialisation of remittances: Repertoires of reluctance, refusal and dissent in Ghana and Senegal,\u2019 Environment and Planning A, 0(0), 1-22.<\/p>\n

Horton, A (2019), \u2018Financialization and non-disposable women: Real estate, debt and labour in UK care homes,\u2019 Environment and Planning A: Economy and Space, 0(0) 1\u201316.<\/p>\n

James, H. (2021), \u2018Individual pension decision-making in a financialised landscape: a typology of everyday approaches,\u2019 Journal of Cultural Economy, 14(6), 627-643.<\/p>\n

Joseph, M. (2013), \u2018Gender, entrepreneurial subjectivity, and pathologies of personal finance,\u2019 Social Politics, 20(2), 242-273.<\/p>\n

Langley, P (2006), \u2018The making of investor subjects in Anglo-American pensions,\u2019 Environment and Planning D: Society and Space 2006, 24, 919 \u2013 934.<\/p>\n

Langley, P. (2008), \u2018The Everyday Life of Global Finance: Saving and Borrowing in Anglo-America,\u2019 Oxford: Oxford University Press.<\/p>\n

Lusardi, A., & Mitchell, O.S. (2014), \u2018The economic importance of financial literacy: Theory and Evidence,\u2019 Journal of Economic Literature, 52(1), 5-44.<\/p>\n

Madgavkar, A., White, O., Krishnan, M., Mahajan, D., & Azcue, X (2021), \u2018COVID-19 and gender equality: Countering the regressive effects,\u2019\u00a0https:\/\/www.mckinsey.com\/featured-<\/a><\/p>\n

insights\/future-of-work\/covid-19-and-gender-equality-countering-the-regressive-effects.<\/a><\/p>\n

Maman, D & Rosenhek, Z (2020), \u2018Facing future uncertainties and risks through personal finance: conventions in financial education,\u2019 Journal of Cultural Economy, 13(3), 303 – 317.<\/p>\n

Martin, R. (2002), \u2018Financialization of Daily Life,\u2019 Philadelphia, USA: Temple University Press.<\/p>\n

Nayak, A and Beckett, A (2008), \u2018Infantilized adults or confident consumers: enterprise discourse in the UK banking industry,\u2019 Organization, 15, (3), 407-425. ONS (2020), \u2018Household wealth by ethnicity, Great Britain: April 2016 to March 2018,\u2019<\/p>\n

Mader, P. (2015), \u2018The Political Economy of Microfinance: Financializing Poverty,\u2019 London, UK: Palgrave.<\/p>\n

Maman, D., & Rosenhek, Z. (2020), \u2018Facing future uncertainties and risks through personal finance: conventions in financial education,\u2019 Journal of Cultural Economy, 13(3), 303-317.<\/p>\n

Palladino, L. (2020), \u2018Financialization at work: Shareholder primacy and stagnant wages in the United States,\u2019 Competition and Change, 25(3-4), 1-19.<\/p>\n

Standing, G. (2011), \u2018The precariat: The new dangerous class,\u2019 London, UK: Bloomsbury Press.<\/p>\n

Strauss, K. (2008), \u2018Re-engaging with Rationality in Economic Geography: Behavioural Approaches and the Importance in Decision-making,\u2019 Journal of Economic Geography, 8(2),137-156l.<\/p>\n

Sweney, M (2021)\u2018UK house prices show strongest monthly rise since 2007,\u2019 The Guardian, 7th<\/sup>\u00a0October 2021. Accessed 7th<\/sup>\u00a0November 2021.<\/p>\n

UK house prices show strongest monthly rise since 2007 | House prices | The Guardian<\/p>\n

TUC (2021), \u2018BME unemployment is rising twice as fast as white workers during the pandemic,\u2019 https:\/\/www.tuc.org.uk\/news\/tuc-bme-unemployment-rising-twice-fast-white-workers-during-pandemic.<\/p>\n

Van der Zwan, N. (2014), \u2018Making sense of financialization,\u2019 Socio-Economic Review, 12(1), 99-129.<\/p>\n

Willows, GD and October, C (In Press), \u2018Perceptions of retirement savings: Through the lens of black amaXhosa women in South Africa,\u2019 Critical Perspectives on Accounting, Available online 14th<\/sup>\u00a0October, 2021.<\/p>\n

 <\/p>\n<\/div>\n<\/div>\n<\/div>\n

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23 August 2021<\/div>\n

Southern Accounts – Critical Perspectives On Accounting<\/b><\/h3>\n

Critical Perspectives on Accounting<\/strong><\/p>\n

Special issue<\/p>\n

Southern Accounts<\/em><\/strong><\/p>\n

Guest editors:<\/p>\n

Daniel Martinez, HEC Paris,\u00a0martinez@hec.fr<\/a><\/p>\n

Dean Neu, York University,\u00a0dneu@schulich.yorku.ca<\/a><\/p>\n

Abu Rahaman, University of Calgary,\u00a0abu.rahaman@haskayne.ucalgary.ca<\/a><\/p>\n

Fernanda Sauerbronn, Universidade Federal do Rio de Janeiro,\u00a0fernanda.sauerbronn@facc.ufrj.br<\/a><\/p>\n

Despite our belief in a \u2018community of critical accounting scholars\u2019, critical accounting scholarship is partitioned, bounded and stratified in many of the same ways that are other forms of academic research. Critical accounting research is bounded by what counts as acceptable research, by the theorists that it must engage with, and by how research must be positioned to be deemed to make a contribution (Gendron & Rodrigue, 2019). This special issue is a call to break these boundaries and to engage with the \u2018South\u2019 on its own terms.<\/p>\n

The special issue aspires to be part of a larger program of \u201cepistemic disobedience\u201d (Quijano, 1992; Mignolo, 2011) that exposes us to \u201calternatives of inquiry and forms of engagement\u201d (Sauerbronn et al., in press) and that challenges the colonial legacies that inform the production of accounting research. Our objective is to incite research that is sensitive to the lived experiences and research traditions that abound in the South and to encourage conversations about what counts as useful research. For the special issue editors, the notion of useful includes research that explicitly considers how accounting \u2018works\u2019 in non-North settings. Similarly, research that starts from conceptual and methodological traditions whose genealogy is not tethered to the canonical texts of Western thought creates the opportunity to move beyond the all-to-common North-South, center-periphery knowledge relationships. Finally, research that explicitly makes visible the \u2018biases\u2019 of North-centric research offers an important corrective to prevailing norms of critical accounting research. Stated simply, the special issue is a call to decolonize accounting and to expose critical accounting research to forms of injurious engagement that are under-valued and underrepresented within our community.<\/p>\n

While our call aims to decolonize and destabilize critical accounting research,\u00a0Critical Perspectives on Accounting<\/em>, since its first editorial three decades ago, has sought to encourage these very sorts of research and to provide a space for \u201cnew forms of dialogue and tolerance;\u201d and for research that is \u201ceclectic and interdisciplinary\u201d (Cooper & Tinker, 1990). This call for papers on the South is both a continuation of these efforts and a call to do critical accounting research differently.<\/p>\n

Submissions that engage with Southern accounts in all its forms are welcome. We are open to submissions that investigate any type of setting and engage with any intellectual and research tradition from the South. Authors should also not feel obliged to justify the significance of the research tradition by referencing North-specific canonical texts, problematics, and definitions of accounting. More specifically, the special issue is an opportunity for authors to share the ecosystem of concepts, epistemologies, methodologies, literatures, oral traditions, and practices that are part of their critical accounting research tradition with the international critical accounting community.<\/p>\n

Workshop<\/strong><\/p>\n

We expect to hold an online workshop in\u00a0June 2022.\u00a0<\/strong>Authors interested in submitting their article to the workshop can contact the guest editors and submit a draft by\u00a0April 8, 2022.<\/strong>\u00a0Articles selected to present at the workshop will be invited to submit a revised version to the special issue and follow the normal review process. Participation in the workshop is however not mandatory for submission to the special issue.<\/p>\n

Submission process<\/strong><\/p>\n

The deadline for submissions to this special issue is\u00a0December 30, 2022<\/strong>. Manuscripts should be submitted electronically via\u00a0https:\/\/www.journals.elsevier.com\/critical-perspectives-on-accounting<\/a>. Given the aim of the special issue, papers can be submitted in English, Portuguese, Spanish, or French (please contact the editors if you want to submit in a language other than these). Once the manuscript has gone through the review process and been selected for publication in the special issue, its authors will need to translate it into English before publication. The translation to English will be at the authors\u2019 expense. It is expected that the quality of the translation will meet proper standards and will as such be subject to a validation process by the editors. While the English version of the manuscript will be published in the special issue, the submission in its original language will be published as supplementary online material. More information on the journal\u2019s language policy can be found in Andrew, Cooper, and Gendron (2020).<\/p>\n

It is anticipated that this special issue will be published in\u00a02024-25<\/strong>.<\/p>\n

Please direct any enquiries you may have about the special issue to all the editors:<\/p>\n