Naslov
Risk factors in Google's SEC 10-K filings: financialization, markets, and public interest

Autori
Bilić, Paško ; Prug, Toni

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
14th ESA conference: Europe and beyond: boundaries, barriers, and belonging / - Pariz : European Sociological Association (ESA), 2019, 459-459

ISBN
978-2-9569087-0-8

Skup
14th Conference of the European Sociological Association: Europe and Beyond: Boundaries, Barriers and Belonging

Mjesto i datum
Manchester, Ujedinjeno Kraljevstvo, 20.08.2019. - 23.08.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financialization, markets, public interest

Sažetak
Financialisation is key to the development of new business models on the internet (Lazonick, 2009). Risky businesses promise high returns for capital investors, yet actual risk bearing is not proportional to financial awards and profits distributed to capital investors (Lazonick & Mazzucato, 2013). In this presentation, we provide a diachronic analysis of risk assessments reported by Google in its SEC 10-K filings between 2005 and 2017. Formally standardized risk assessments include information about significant risks that apply to companies and their securities. We used a simple “in vivo” document coding procedure to minimize our interpretative interventions and to code risks recorded under section headings (N=58). Based on the diachronic analysis we can discern three periods of Google’s development: (1) post IPO growth and expansion (2005-2008) ; (2) further growth, strengthening of the market position, and investment diversification (2009-2013) ; (3) increasing legal struggles and international regulatory scrutiny (2014-2017). Our historical reading shows that while public strategic orientation and investments are a necessary driving force, socializing risks to develop new advanced technologies, the presence of the discourse of public interest in financial regulations and the distribution of financial rewards do not reflect this. Financial capital creates inequalities in risk and reward distribution between actors interested in the economic performance of the company, neglecting actors affected by the business model of the company, ignoring the historical and contemporary aspects of public interest in risks and rewards associated with the development of new technologies.

Izvorni jezik
Engleski

Znanstvena područja
Biologija

POVEZANOST RADA