Portrait of Professor Daniel Beunza

Professor Daniel Beunza

Professor of Social Studies of Finance

Bayes Business School, Faculty of Management

Contact

Visit Daniel Beunza

Room BR4077, Bunhill Row

Postal address

Bayes Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Daniel Beunza is Professor of Social Studies of Finance at Bayes Business School (formerly Cass). Beunza's research explores the ways in which social relations and technology shape financial value. His award-winning study of a derivatives trading room on a Wall Street bank traced the roots of extraordinary returns to the use of space and internal organization. Beunza obtained his PhD from New York University, and has previously taught at Columbia University, the London School of Economics and Copenhagen Business School. His research has been published in Organization Science, Organization Studies and Economy and Society. Beunza is a leading contributor to the social studies of finance literature, and editor of the blog Socializing Finance. He has served as Chair of the Academic Network of the Principles of Responsible Investment, and collaborated with the UK Banking Standards Board on the use of ethnography and grounded theory research to enhance professional standards in the UK’s financial sector. Beunza’s recent book, “Taking the Floor: Models, Morals and Management in a Wall Street Trading Room” (Princeton University Press) considers the moral consequences of the use of economic models on Wall Street, and has won the 2020 George Terry Award by the Academy of Management and the 2020 Best Book Award by the European Group on Organisation Studies (EGOS)

Qualifications

  • PhD, New York University, United States, Sep 1997 – May 2003

Employment

  • Associate Professor, Copenhagen Business School, Sep 2017 – Aug 2018
  • Assistant Professor, London School of Economics/ Management, Sep 2009 – Jul 2018
  • Assistant Professor, Columbia Business School, Aug 2006 – Aug 2009

Memberships of committees

  • Chair, Academic Network, Principles of Responsible Investment, Sep 2015 – Sep 2017

Expertise

Primary topics

  • Organization Theory

Additional topics

  • Finance

Industries

  • financial services

Geographic Areas

  • Americas - North
  • Europe - Western

Publications

Books (3)

  1. Beunza, D. (2019). Taking the Floor Models, Morals, and Management in a Wall Street Trading Room Introduction. ISBN 978-0-691-16281-2.
  2. Beunza, D. (2019). Taking the Floor: Models, Morals, and Management in a Wall Street Trading Room. ISBN 978-0-691-16281-2.
  3. Stark, D., Beunza, D., Girard, M. and Lukács, J. (2011). The sense of dissonance: Accounts of worth in economic life. ISBN 978-0-691-15248-6.

Chapters (14)

  1. Beunza, D. (2019). When All Is Said and Done. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 243–274). ISBN 978-0-691-16281-2.
  2. Beunza, D. (2019). Trading Robots and Social Cues. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 38–54). ISBN 978-0-691-16281-2.
  3. Beunza, D. (2019). The Global Financial Crisis. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 190–214). ISBN 978-0-691-16281-2.
  4. Beunza, D. (2019). Taking the Floor Models, Morals, and Management in a Wall Street Trading Room Conclusion. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 275–293). ISBN 978-0-691-16281-2.
  5. Beunza, D. (2019). Scandal. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 215–242). ISBN 978-0-691-16281-2.
  6. Beunza, D. (2019). Resonance. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 172–189). ISBN 978-0-691-16281-2.
  7. Beunza, D. (2019). Performative Spirals. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 120–145). ISBN 978-0-691-16281-2.
  8. Beunza, D. (2019). Norms. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 146–171). ISBN 978-0-691-16281-2.
  9. Beunza, D. (2019). Models and Reflexivity. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 73–97). ISBN 978-0-691-16281-2.
  10. Beunza, D. (2019). Managers. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 98–119). ISBN 978-0-691-16281-2.
  11. Beunza, D. (2019). First Impressions. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 20–37). ISBN 978-0-691-16281-2.
  12. Beunza, D. (2019). Animating the Market. TAKING THE FLOOR: MODELS, MORALS, AND MANAGEMENT IN A WALL STREET TRADING ROOM (pp. 55–72). ISBN 978-0-691-16281-2.
  13. Beunza, D. and Garud, R. (2007). Calculators, lemmings or frame-makers? The intermediary role of securities analysts. MARKET DEVICES (pp. 13–39). ISBN 978-1-4051-7028-4.
  14. Beunza, D. and Stark, D. (2005). Resolving identities: Successive crises in a trading room after 9/11. Wounded City: The Social Impact of 9/11 (pp. 293–320). ISBN 978-0-87154-264-9.

Conference papers and proceedings (2)

  1. Beunza, D. and Stark, D. (2007). Distributed calculation: Mechanisms of risk arbitrage in a world of uncertainty.
  2. BEUNZA, D. and STARK, D. (2007). DISTRIBUTED CALCULATION: MECHANISMS OF RISK ARBITRAGE IN A WORLD OF UNCERTAINTY. doi:10.5465/ambpp.2007.26508359

Journal articles (19)

  1. Beccarini, I., Beunza, D., Ferraro, F. and Hoepner, A.G.F. (2023). The Contingent Role of Conflict: Deliberative Interaction and Disagreement in Shareholder Engagement. Business Ethics Quarterly, 33(1), pp. 26–66. doi:10.1017/beq.2021.46.

    [publisher’s website]

  2. Beunza, D. (2022). Can Baboons Save Wall Street? Response to Comments on Taking the Floor. Sociologica, 16(1), pp. 89–94. doi:10.6092/issn.1971-8853/14773.
  3. Beunza, D. and Ferraro, F. (2019). Performative Work: Bridging Performativity and Institutional Theory in the Responsible Investment Field. Organization Studies, 40(4), pp. 515–543. doi:10.1177/0170840617747917.

    [publisher’s website]

  4. Ferraro, F. and Beunza, D. (2018). Creating common ground: A communicative action model of dialogue in shareholder engagement. Organization Science, 29(6), pp. 989–1236. doi:10.1287/orsc.2018.1226.
  5. Beunza, D. (2018). Noise: Living and Trading in Electronic Finance. Contemporary Sociology: A Journal of Reviews, 47(6), pp. 744–746. doi:10.1177/0094306118805422kk.

    [publisher’s website]

  6. Castelle, M., Millo, Y., Beunza, D. and Lubin, D.C. (2016). Where do electronic markets come from? Regulation and the transformation of financial exchanges. Economy and Society, 45(2), pp. 166–200. doi:10.1080/03085147.2016.1213985.

    [publisher’s website]

  7. Beunza, D. and Stark, D. (2016). From Dissonance to Resonance: Cognitive Interdependence in Quantitative Finance. Journal of Economic Sociology, 17(2), pp. 50–87. doi:10.17323/1726-3247-2016-2-50-87.

    [publisher’s website]

  8. Beunza, D. (2014). Money at Work: On the Job with Priests, Poker Players, and Hedge Fund Traders. By Robert Delaney. New York: New York University Press, 2012. Pp. viii+271. $35.00. American Journal of Sociology, 119(5), pp. 1498–1500. doi:10.1086/674713.

    [publisher’s website]

  9. Beunza, D. and Stark, D. (2012). From dissonance to resonance: cognitive interdependence in quantitative finance. Economy and Society, 41(3), pp. 383–417. doi:10.1080/03085147.2011.638155.

    [publisher’s website]

  10. MacKenzie, D., Beunza, D., Millo, Y. and Pardo-Guerra, J.P. (2012). DRILLING THROUGH THE ALLEGHENY MOUNTAINS. Journal of Cultural Economy, 5(3), pp. 279–296. doi:10.1080/17530350.2012.674963.

    [publisher’s website]

  11. MacKenzie, D., Beunza, D., Millo, Y. and Pardo-Guerra, J.P. (2012). DRILLING THROUGH THE ALLEGHENY MOUNTAINS. Journal of Cultural Economy, 5(3), pp. 279–296.
  12. Beunza, D. (2008). REVIEW ESSAY. Journal of Cultural Economy, 1(1), pp. 93–100.
  13. Beunza, D. (2007). In praise of ambiguity: a commentary on exaptation. European Management Review, 4(3), pp. 157–159. doi:10.1057/palgrave.emr.1500087.

    [publisher’s website]

  14. Beunza, D. and Garud, R. (2007). Calculators, Lemmings or Frame-Makers? The Intermediary Role of Securities Analysts. The Sociological Review, 55(2_suppl), pp. 13–39. doi:10.1111/j.1467-954x.2007.00728.x.

    [publisher’s website]

  15. Beunza, D., Hardie, I. and MacKenzie, D. (2006). A Price is a Social Thing: Towards a Material Sociology of Arbitrage. Organization Studies, 27(5), pp. 721–745. doi:10.1177/0170840606065923.

    [publisher’s website]

  16. Beunza, D. (2006). New artistic engagements with the capital markets. economic sociology_the european electronic newsletter, 7(3), pp. 29–33.
  17. Beunza, D. (2004). Tools of the trade: the socio-technology of arbitrage in a Wall Street trading room. Industrial and Corporate Change, 13(2), pp. 369–400. doi:10.1093/icc/dth015.

    [publisher’s website]

  18. Beunza, D. and Stark, D. (2003). Dopo l'11 settembre: innovazione e ripresa nelle "trading room" di Wall Street. Stato e Mercato, (68), pp. 185–215. doi:10.1425/9551.
  19. Beunza, D. and Stark, D. (2003). Outils de marché. Réseaux, 122(6), pp. 63–63. doi:10.3917/res.122.0063.

    [publisher’s website]

Scholarly editions (2)

  1. Pardo-Guerra, J.P., Beunza, D., Millo, Y. and MacKenzie, D. (2010). Impersonal efficiency and the dangers of a fully automated securities exchange.
  2. Beunza, D. and Millo, Y. Blended automation: integrating algorithms on the floor of the New York Stock Exchange.

Working paper

Professional activities

Consultancy

  1. Banking Standards Board (Private Sector) (Sep 2016 – Dec 2017)
    Training executive members of the BSB in ethnographic research methods to understand organizational culture in banks and financial organisations. Also: advisory role in the use of grounded theory to analyse open-ended responses in BSB member surveys, focus groups, and interviews