Home  /  Finance and Society  /  Vol: 4 Núm: 1 Par: 0 (2018)  /  Article
ARTICLE
TITLE

Sources of financial synchronism: Arbitrage theory and the promise of risk-free profit

SUMMARY

This article argues that the temporality of the financial economy ought to be seen as radically synchronistic. ‘Synchronism’ refers to both an epistemological and practical approach that addresses finance neither with a view to the past nor to the future, but is instead focused on the moment that a financial transaction is settled (i.e., the horizon of trading). From this perspective, the article expands the scope of current social theorizing on financial markets, which is characterized by a preoccupation with the futurity of financial markets and products. It suggests that financial synchronism can be traced back to certain developments in economic theory since the so-called ‘marginalist revolution’, which enabled the transfer of a certain optics informing market theories into financial practices. On these terms, financial synchronism is interpreted as a powerful social imaginary that crucially mediates the way contemporary societies face the contingency of the future.

 Articles related

Ni Putu Natalia, Ni Luh Putu Wiagustini    

Funding decisions is financial decisions relating to investment spending made by the financial manager associated with how to finance the investment decisions that will be made and determine the composition of funding sources. Financial technology, compa... see more


Hery Pandapotan Silitonga, Ruth Tridianty Sianipar, Juan Anastasia Putri, Robert Tua Siregar, Acai Sudirman    

This study aims to determine the effectiveness of SPIP and organizational culture impact the successful implementation of SIKD in improving the quality of financial reports. A quantitative approach was used in this study with a literature and field desig... see more


Anastasiya Potapova, Zhen Wang, Alina Steblyanskaya    

This article empirically evaluates the impact of CSR behaviour on the financial indicators of 286 companies from Brazil, Russia, India, and China over six years from 2013 to 2018. Company information and CSR ratings were retrieved from the Bloomberg and ... see more


Agus Dwi Cahya, Prahadhita Nerissa Putri, Retno Dwi Pangesti, Selvi Wahyuningsih    

The purpose of this study was to determine the effect of financial performance, business risk, and sales growth on capital structure. The population in this study was 1 (one) Micro, Small and Medium Enterprises (UMKM) Lanthing batik fashion craft in Gunt... see more


Mitra Riani Aisyah, Muhammad Ali, Mursalim Nohong    

This study aims to determine the effect of macroeconomic conditions on earnings performance and financial distress in manufacturing companies listed on the Indonesia stock exchange. Variables of macroeconomic conditions are measured by inflation, exchang... see more