Professor in Accounting and Society, co-director of SPERI
In the 10 years since the 2008 crash, the ‘passive-aggressive’ tendencies of large index funds have reshaped how modern capitalism operates
Much has been written about the growth of debt since the Great Financial Crisis. But whilst leverage is a worry, much less has been written about the problem of asset quality
Analysis of Carillion’s accounts reveals the complex interplay between the firm’s present and future, and sheds new light on which other large outsourcing firms are ‘levered on the future’
Carillion is the epitome of the modern financialized firm and its liquidation tells us much about risk in this phase of financialization
The Paradise Papers reveal how debt and other financial mechanisms are used to move funds offshore and avoid tax. New constraints on firms and managers are needed
Ten years after the financial crisis, the risks associated with securitisation are yet to be fully appreciated
The political and economic forces unleashed by the referendum result now pose profound challenges for Leave politicians and the Labour Party
Progressives need to think differently about political narrative to shape the political agenda to their advantage