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The Roles of Financial Asset Market Failure Denial and the Economic Crisis: Reflections on Accounting and Financial Theories and Practices
Stockholm University, Faculty of Social Sciences, School of Business.
2009 (English)In: Accounting, Organizations and Society, ISSN 0361-3682, E-ISSN 1873-6289, Vol. 43, 835-848 p.Article in journal (Refereed) Published
Abstract [en]

Throughout the world every economic and socio-economic indicator has deteriorated. The so-called ‘real economy’ has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable but what caused the crisis? This paper examines a range of suppositions made in theories which deny the possibility of financial asset market failure and identifies ways in which they contributed to the circumstances and actions which created the current crisis.

Place, publisher, year, edition, pages
Elsevier , 2009. Vol. 43, 835-848 p.
National Category
Business Administration
Research subject
Business Administration
Identifiers
URN: urn:nbn:se:su:diva-55832DOI: 10.1016/j.aos.2009.04.007OAI: oai:DiVA.org:su-55832DiVA: diva2:406982
Available from: 2011-03-29 Created: 2011-03-29 Last updated: 2017-12-11Bibliographically approved

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