Krier D. Speculative Management: Stock Market Power and Corporate Change

Albany: State University of New York Press. – 2005. – 328 p. This book chronicles changes in U.S. finance that increased the power of the stock market over corporate life, diverting focus from production to speculative management, the control of corporate actions and results to raise the trading price of corporate shares. This book describes how the speculative logic of the stock market was transmitted through the mediation of financial accounting, the business media, and corporate governance to encourage the dramatic restructuring of America’s largest corporations in the late twentieth century.The Speculative Management of Corporate Restructuring: Introduction and Overview.
Transactional Finance in Late-Twentieth-Century America.
Social Intermediaries and the Wave of Internal Corporate Restructuring in the Late Twentieth Century.
Financial Accounting as a Social Intermediary.
Social Intermediation, Corporate Governance, and Financial Markets.
The Rise of Corporate Restructuring, 1984–1990.
The Reign of Restructuring, 1991–1993.
The Decline and Delegitimation of Restructuring, 1994–1997.
The Speculative Management of Corporate Value: Summary and Conclusions.