Practices and meanings of non-professional stock-trading in Taiwan: a case of relational work

References

• Ailon, G. (2015). Rethinking calculation: The popularization of financial trading outside the global centres of finance. Economy and Society, 44(4), 592–615. doi: 10.1080/03085147.2015.1057954
   Web of Science ®Google Scholar
• Aitken, R. (2003). The democratic method of obtaining capital – culture, governmentality and ethics of mass investment. Consumption Markets & Culture, 6(4), 293–317. doi: 10.1080/1025386032000168320
   Google Scholar
• Barber, B., Lee, Y.-T., Liu, Y.-J. & Odean, T. (2007). Is the aggregate investor reluctant to realise losses? Evidence from Taiwan. European Financial Management, 13(3), 423–447. doi: 10.1111/j.1468-036X.2007.00367.x
   Web of Science ®Google Scholar
• Barber, B., Lee, Y.-T., Liu, Y.-J. & Odean, T. (2014). The cross-section of speculator skill: Evidence from day trading. Journal of Financial Markets, 18, 1–24. doi: 10.1016/j.finmar.2013.05.006
   Web of Science ®Google Scholar
• Barber, B. & Odean, T. (2000). Trading is hazardous to your wealth: The common stock investment performance of individual investors. The Journal of Finance, 55(2), 773–806. doi: 10.1111/0022-1082.00226
   Web of Science ®Google Scholar
• Barberis, N. & Huang, M. (2001). Mental accounting, loss aversion, and individual stock returns. The Journal of Finance, 56(4), 1247–1292. doi: 10.1111/0022-1082.00367
   Web of Science ®Google Scholar
• Besley, T. & Levenson, A. R. (1996). The role of informal finance in household capital accumulation: Evidence from Taiwan. The Economic Journal, 106, 39–59. doi: 10.2307/2234930
   Web of Science ®Google Scholar
• Beunza, D. & Stark, D. (2004). Tools of the trade: The socio-technology of arbitrage in a Wall Street trading room. Industrial and Corporate Change, 13(2), 369–400. doi: 10.1093/icc/dth015
   Web of Science ®Google Scholar
• Biggart, N. W. & Beamish, T. D. (2003). The economic sociology of conventions: Habit, custom, practice, and routine in market order. Annual Review of Sociology, 29, 443–464. doi: 10.1146/annurev.soc.29.010202.100051
   Web of Science ®Google Scholar
• Biggart, N. W. & Guillen, M. F. (1999). Developing difference: Social organization and the rise of the auto industries of South Korea, Taiwan, Spain, and Argentina. American Sociological Review, 64(5), 722–747. doi: 10.2307/2657373
   Web of Science ®Google Scholar
• Bourdieu, P. (1984). Distinction: A social critique of the judgement of taste. London: Routledge.
   Google Scholar
• Çalışkan, K. & Callon, M. (2010). Economization, part 2: A research programme for the study of markets. Economy and Society, 39(1), 1–32. doi: 10.1080/03085140903424519
   Web of Science ®Google Scholar
• Callon, M. (1998). The embeddedness of economic markets in economics. In M. Callon (Ed.), The laws of the markets (pp. 1–58). Oxford: Oxford University Press.
   Google Scholar
• Callon, M. & Muniesa, F. (2005). Peripheral vision: Economic markets as calculative collective devices. Organization Studies, 26(8), 1229–1250. doi: 10.1177/0170840605056393
   Web of Science ®Google Scholar
• Castelle, M., Millo, Y., Beunza, D. & Lubin, D. C. (2016). Where do electronic markets come from? Regulation and the transformation of financial exchanges. Economy and Society, 45(2), 166–200. doi: 10.1080/03085147.2016.1213985
   Web of Science ®Google Scholar
• Chan, C. (2009). Invigorating the content in social embeddedness: An ethnography of life insurance transactions in China. American Journal of Sociology, 115(3), 712–754. doi: 10.1086/603532
   PubMed Web of Science ®Google Scholar
• Chang, C.-C., Hsieh, P.-F. & Lai, H.-N. (2009). Do informed option investors predict stock returns? Evidence from the Taiwan stock exchange. Journal of Banking & Finance, 33(4), 757–764. doi: 10.1016/j.jbankfin.2008.11.001
   Web of Science ®Google Scholar
• Christophers, B. (2014). From Marx to market and back again: Performing the economy. Geoforum; Journal of Physical, Human, and Regional Geosciences, 57, 12–20.
   Web of Science ®Google Scholar
• DiMaggio, P. (1994). Culture and economy. In N. Smelser & R. Swedberg (Eds.), The handbook of economic sociology (pp. 27–57). Princeton, NJ: Princeton University Press.
   Google Scholar
• Easterby-Smith, M. (2002). Management research: An introduction. London: Sage Publications.
   Google Scholar
• Engelen, E., Ertürk, I., Froud, J., Johal, S., Leaver, A., Moran, M. & Williams, K. (2012). Misrule of experts? The financial crisis as elite debacle. Economy and Society, 41(3), 360–382. doi: 10.1080/03085147.2012.661634
   Web of Science ®Google Scholar
• Entwistle, J. & Slater, D. (2014). Reassembling the cultural. Journal of Cultural Economy, 7(2), 161–177. doi: 10.1080/17530350.2013.783501
   Web of Science ®Google Scholar
• Fligstein, N. (2001). The architecture of markets. Princeton, NJ: Princeton University Press.
   Google Scholar
• Giamporcaro, S. & Gond, J.-P. (2016). Calculability as politics in the construction of markets: The case of socially responsible investment in France. Organization Studies, 37(4), 465–495. doi: 10.1177/0170840615604498
   Web of Science ®Google Scholar
• Granovetter, M. (1973). The strength of weak ties. American Journal of Sociology, 78(6), 1360–1380. doi: 10.1086/225469
   Web of Science ®Google Scholar
• Granovetter, M. (1985). Economic action and social structure: The problem of embeddedness. American Journal of Sociology, 91(3), 481–510. doi: 10.1086/228311
   Web of Science ®Google Scholar
• Hansen, K. B. (2015). Contrarian investment philosophy in the American stock market: On investment advice and the crowd conundrum. Economy and Society, 44(4), 616–638. doi: 10.1080/03085147.2015.1109806
   Web of Science ®Google Scholar
• Hardie, I. & MacKenzie, D. (2007). Assembling an economic actor: The agencement of a hedge fund. The Sociological Review, 55(1), 57–80. doi: 10.1111/j.1467-954X.2007.00682.x
   Web of Science ®Google Scholar
• Harrington, B. (2008). Pop finance: Investment clubs and the new investor popularism. Princeton, NJ: Princeton University Press.
   Google Scholar
• Hertz, E. (1998). The trading crowd. Cambridge: Cambridge University Press.
   Google Scholar
• Hsiao, Y.-J., Chen, J.-T. & Liao, C.-F. (2014). Financial literacy and stock market participation: Evidence from Taiwanese markets. Review of Securities and Futures Markets, 26(2), 1–42.
   Google Scholar
• Ingham, G. (2001). Fundamentals of a theory of money: Untangling fine, Lapavitsas and Zelizer. Economy and Society, 30(3), 304–323. doi: 10.1080/03085140120071215
   Web of Science ®Google Scholar
• Kao, C.-S. & Wu, C.-S. (2002). The social construction of the stock market 1: Sanhu’s world. In Conference of comparative research on Chinese societies. Taichung: Tunghai University.
   Google Scholar
• Krippner, G. (2001). The elusive market: Embeddedness and the paradigm of economic sociology. Theory and Society, 30(6), 775–810. doi: 10.1023/A:1013330324198
   Web of Science ®Google Scholar
• Lainer-Vos, D. (2013). The practical organization of moral transactions: Gift giving, market exchange, credit, and the making of diaspora bonds. Sociological Theory, 31(2), 145–167. doi: 10.1177/0735275113489123
   Web of Science ®Google Scholar
• Latour, B. (2007). Reassembling the social: An introduction to actor-network-theory. Oxford: Oxford University Press.
   Google Scholar
• Lee, Z.-R. (2012). Exploring social mechanisms behind risky financial investments: Social capital and participation in stock markets and mutual funds. Journal of Social Sciences and Philosophy, 24(4), 439–467.
   Google Scholar
• MacKenzie, D. (2017). A material political economy: Automated Trading Desk and price prediction in high-frequency trading. Social Studies of Science, 47(2), 172–194. doi: 10.1177/0306312716676900
   PubMed Web of Science ®Google Scholar
• Mayall, M. (2007). Attached to their style: Traders, technical analysis and postsocial relationships. Journal of Sociology, 43(4), 421–437. doi: 10.1177/1440783307083234
   Web of Science ®Google Scholar
• Mayall, M. (2008). From seeing the market to marketing the seeing: Technical analysis as a second-order epistemic consumption object. Consumption, Markets and Culture, 11, 207–224. doi: 10.1080/10253860802190579
   Google Scholar
• McFall, L. & Ossandon, J. (2014). What’s new in the ‘New, new economic sociology’ and should organisation studies care? In P. Adler, P. Du Gay, G. Morgan & M. Reed (Eds.), Oxford handbook of sociology, social theory and organization studies: Contemporary currents (pp. 510–533). Oxford: Oxford University Press.
   Google Scholar
• Miles, M. & Huberman, A. (1994). Qualitative data analysis. London: Sage Publications.
   Google Scholar
• Miller, D. (2002). Turning Callon the right way up. Economy and Society, 31(2), 218–233. doi: 10.1080/03085140220123135
   Web of Science ®Google Scholar
• Moor, L. & Lury, C. (2011). Making and measuring value. Journal of Cultural Economy, 4(4), 439–454. doi: 10.1080/17530350.2011.609708
   Google Scholar
• Muniesa, F., Millo, Y. & Callon, M. (2007). An introduction to market devices. In M. Callon, Y. Millo & F. Muniesa (Eds.), Market devices (pp. 1–13). Oxford: Blackwell.
   Google Scholar
• National Statistics, Taiwan. (2017). National account. Retrieved from http://eng.stat.gov.tw/ct.asp?xItem=37408&CtNode=5347=mp=5
   Google Scholar
• Odean, T. (1998). Are investors reluctant to realize their losses? The Journal of Finance, 53(5), 1775–1798. doi: 10.1111/0022-1082.00072
   Web of Science ®Google Scholar
• Ourousoff, A. (2010). Wall Street at war. Cambridge: Polity.
   Google Scholar
• Preda, A. (2009). Brief encounters: Calculation and the interaction order of anonymous electronic markets. Accounting, Organizations and Society, 34(5), 675–693. doi: 10.1016/j.aos.2008.06.005
   Web of Science ®Google Scholar
• Roscoe, P. (2013). Economic embeddedness and materiality in a financial market setting. The Sociological Review, 61(1), 41–68. doi: 10.1111/1467-954X.12004
   Web of Science ®Google Scholar
• Roscoe, P. (2014). I spend therefore I am. London: Penguin Viking.
   Google Scholar
• Roscoe, P. (2015). ‘Elephants can’t gallop’: Performativity, knowledge and power in the market for lay-investing. Journal of Marketing Management, 31(1-2), 193–218. doi: 10.1080/0267257X.2014.976584
   Web of Science ®Google Scholar
• Roscoe, P. & Howorth, C. (2009). Identification through technical analysis: A study of charting and UK non-professional investors. Accounting, Organizations and Society, 34 (2), 206–221. doi: 10.1016/j.aos.2008.05.003
   Web of Science ®Google Scholar
• Slater, D. (2002). From calculation to alienation: Disentangling economic abstractions. Economy and Society, 31(2), 234–249. doi: 10.1080/03085140220123144
   Web of Science ®Google Scholar
• Slater, D. & Tonkiss, F. (2001). Market society. Cambridge: Polity Press.
   Google Scholar
• Steiner, P. (2013). Markets and culture: Viviana Zelizer’s economic lives. Economy and Society, 42(2), 322–333. doi: 10.1080/03085147.2012.668033
   Web of Science ®Google Scholar
• Swedberg, R. & Granovetter, M. (1992). The sociology of economic life. Boulder, CO: Westview Press.
   Google Scholar
• Taiwan Stock Exchange. (2017). Annual Statistical Data. http://www.twse.com.tw/en/statistics/index/07
   Google Scholar
• Uzzi, B. (1996). The sources and consequences of embeddedness for the economic performance of organizations: The network effect. American Sociological Review, 61(4), 674–698. doi: 10.2307/2096399
   Web of Science ®Google Scholar
• Vargha, Z. (2011). From long-term savings to instant mortgages: Financial demonstration and the role of interaction in markets. Organization, 18(2), 215–235. doi: 10.1177/1350508410392100
   Web of Science ®Google Scholar
• Webb, E., Campbell, D., Schwartz, R. & Sechrest, L. (1965). Unobtrusive measures. Chicago, IL: Rand McNally.
   Google Scholar
• Wherry, F. (2014). Analyzing the culture of markets. Theory and Society, 43(3-4), 421–436. doi: 10.1007/s11186-014-9218-3
   Web of Science ®Google Scholar
• Wu, C.-S. (2005). Information, knowledge and the structure of markets: The sociological analysis of the Taiwanese stock market (PhD Dissertation). Department of Sociology, Tunghai University, Tiawan.
   Google Scholar
• Zaloom, C. (2006). Out of the pits: Traders and technology from Chicago to London. Chicago, IL: University of Chicago Press.
   Google Scholar
• Zelizer, V. A. (1994). The social meaning of money. New York, NY: Harper Collins.
   Google Scholar
• Zelizer, V. A. (2005). The purchase of intimacy. Princeton, NJ: Princeton Univerity Press.
   Google Scholar
• Zelizer, V. A. (2012). How I became a relational economic sociologist and what does that mean? Politics & Society, 40(2), 145–174. doi: 10.1177/0032329212441591
   Web of Science ®Google Scholar