Ève Chiapello — Financialisation of Valuation

34 published claims from this book.

• Accounting standards prioritize investor needs over other users, spreading financialized valuation broadly.
• Accounting’s fair-value shift substitutes financial models for actual market prices
• Art valuation now treats artworks as portfolio assets with uncorrelated returns
• Basel regulations displaced bankers’ practical credit judgment with statistical risk models
• Biodiversity offsetting moved from last resort to preferred solution through economic valuation techniques.
• Charitable donations and grants are being reframed as investments requiring measurable social returns
• Colonising metrics create new mentalities and incentives inside organisations, not just reporting burdens
• Credit-risk regulation imports market-finance models developed for traded securities.
• Discounted cash flow valuation spread from bonds to all goods via neoclassical utility theory.
• Discounted cash flow valuation treats the future ambivalently, valuing yet discounting it.
• Finance creates intangible commodities that exist only through valuation techniques
• Finance derives prices for new objects from unrelated market prices
• Finance methods have been used to craft environmental public policy since the mid-1990s
• Financial language now reshapes public policy domains historically governed by other values.
• Financial valuation theory legitimizes financiers’ power by claiming they optimize resource allocation.
• Financialisation also colonizes non-economic spheres via valuation techniques.
• Financialised reasoning can colonise non-monetary measures like scores and percentages.
• Financialised valuation draws on financial economics and mathematical finance.
• Financialised valuations override prior forms of valuation and reshape how people act and identify
• Financialization treats risk as probabilisable, displacing close knowledge of the object valued
• Financialized valuation imposes short-termism and disconnects decisions from material production.
• Impact investing extends finance into the nonprofit sector
• Investor-style valuation techniques now shape public policy with coercive force
• Probabilistic valuation methods migrated from actuarial science into financial markets via Gaussian risk models
• Public officials adopt financialization not from ideology but from state incapacities
• Quantification always depends on contested conventions, not neutral measurement.
• Regulatory capital rules redefine banks as investor vehicles rather than funding distributors
• Some financial metrics resist financialization by ignoring time and capital logic
• Standardized impact metrics are becoming an investor benchmark
• The EU adopts market language to bypass member-state sovereignty constraints.
• Uplift philanthropy blended charity with cultural condescension and anti-socialism lectures
• Valuation and evaluation are analytically separable processes of worth attribution.
• Value emerges from relational valuation practices, not from objects themselves.
• Venture capital logic migrated into philanthropy through venture philanthropy and social entrepreneurship