Framing financial culture

Rhetorical struggles over the meaning of "Liborgate"

    Research output: Contribution to journalJournal articleResearchpeer-review

    Abstract

    Purpose
    – The meaning of scandals like “Liborgate” is not given beforehand; it is constructed in the course of framing contests. The purpose of this paper is to provide a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.

    Design/methodology/approach
    – A conceptual framework that combines modern framing theory, and classical stasis theory is applied to the rhetorical struggles over the meaning of “Liborgate.”

    Findings
    – While rhetorical struggles over “Liborgate” overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political “blame game” is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of “Liborgate,” but the war over the meaning of financial culture is far from over.

    Originality/value
    – The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.
    Original languageEnglish
    JournalJournal of Organizational Change Management
    Volume27
    Issue number5
    Pages (from-to)732 - 743
    ISSN0953-4814
    DOIs
    Publication statusPublished - 2014

    Cite this

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    title = "Framing financial culture: Rhetorical struggles over the meaning of {"}Liborgate{"}",
    abstract = "Purpose– The meaning of scandals like “Liborgate” is not given beforehand; it is constructed in the course of framing contests. The purpose of this paper is to provide a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.Design/methodology/approach– A conceptual framework that combines modern framing theory, and classical stasis theory is applied to the rhetorical struggles over the meaning of “Liborgate.”Findings– While rhetorical struggles over “Liborgate” overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political “blame game” is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of “Liborgate,” but the war over the meaning of financial culture is far from over.Originality/value– The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.",
    author = "Just, {Sine N{\o}rholm} and Mouton, {Nicolaas T.O.}",
    year = "2014",
    doi = "10.1108/JOCM-09-2014-0170",
    language = "English",
    volume = "27",
    pages = "732 -- 743",
    journal = "Journal of Organizational Change Management",
    issn = "0953-4814",
    publisher = "JAI Press",
    number = "5",

    }

    Framing financial culture : Rhetorical struggles over the meaning of "Liborgate". / Just, Sine Nørholm; Mouton, Nicolaas T.O.

    In: Journal of Organizational Change Management, Vol. 27, No. 5, 2014, p. 732 - 743.

    Research output: Contribution to journalJournal articleResearchpeer-review

    TY - JOUR

    T1 - Framing financial culture

    T2 - Rhetorical struggles over the meaning of "Liborgate"

    AU - Just, Sine Nørholm

    AU - Mouton, Nicolaas T.O.

    PY - 2014

    Y1 - 2014

    N2 - Purpose– The meaning of scandals like “Liborgate” is not given beforehand; it is constructed in the course of framing contests. The purpose of this paper is to provide a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.Design/methodology/approach– A conceptual framework that combines modern framing theory, and classical stasis theory is applied to the rhetorical struggles over the meaning of “Liborgate.”Findings– While rhetorical struggles over “Liborgate” overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political “blame game” is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of “Liborgate,” but the war over the meaning of financial culture is far from over.Originality/value– The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.

    AB - Purpose– The meaning of scandals like “Liborgate” is not given beforehand; it is constructed in the course of framing contests. The purpose of this paper is to provide a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.Design/methodology/approach– A conceptual framework that combines modern framing theory, and classical stasis theory is applied to the rhetorical struggles over the meaning of “Liborgate.”Findings– While rhetorical struggles over “Liborgate” overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political “blame game” is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of “Liborgate,” but the war over the meaning of financial culture is far from over.Originality/value– The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.

    U2 - 10.1108/JOCM-09-2014-0170

    DO - 10.1108/JOCM-09-2014-0170

    M3 - Journal article

    VL - 27

    SP - 732

    EP - 743

    JO - Journal of Organizational Change Management

    JF - Journal of Organizational Change Management

    SN - 0953-4814

    IS - 5

    ER -