Financial Regulation and Social Welfare: The Critical Contribution of Management Theory
批判了当前金融监管过于关注效率与稳定而损害社会福利的问题，并指出管理理论能通过引入社会正义视角，推动更包容的监管以提升社会福利。
While many studies explain how social science theories shape social reality, few reflect critically on how such theories should shape social reality. Drawing on a new conception of social welfare and focusing on financial regulation, we assess the performative effects of theories on public policy. We delineate how research that focuses narrowly on questions of efficiency and stability reinforces today’s technocratic financial regulation that undermines social welfare. As a remedy, we outline how future management research can tackle questions of social justice and thereby promote an inclusive approach to financial regulation that better serves social welfare.