Framing Financial Culture: Rhetorical Struggles over the Meaning of ‘Liborgate'

Sine Nørholm Just, Nico Mouton

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    Resumé

    Purpose: The meaning of scandals like ‘Liborgate’ is not given beforehand; it is constructed in the course of framing contests. This paper provides a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.
    Design/methodology/approach: A conceptual framework that combines modern framing theory and classical stasis theory is applied to the rhetorical struggles over the meaning of ‘Liborgate’.
    Findings: While rhetorical struggles over ‘Liborgate’ overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political ‘blame game’ is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of ‘Liborgate’, but the war over the meaning of financial culture is far from over.
    Originality/value: The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.
    OriginalsprogEngelsk
    TidsskriftJournal of Organizational Change Management
    Vol/bind27
    Udgave nummer5
    Sider (fra-til)732-743
    Antal sider13
    ISSN0953-4814
    DOI
    StatusUdgivet - 2014

    Citer dette

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    title = "Framing Financial Culture: Rhetorical Struggles over the Meaning of ‘Liborgate'",
    abstract = "Purpose: The meaning of scandals like ‘Liborgate’ is not given beforehand; it is constructed in the course of framing contests. This paper provides a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.Design/methodology/approach: A conceptual framework that combines modern framing theory and classical stasis theory is applied to the rhetorical struggles over the meaning of ‘Liborgate’.Findings: While rhetorical struggles over ‘Liborgate’ overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political ‘blame game’ is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of ‘Liborgate’, but the war over the meaning of financial culture is far from over.Originality/value: The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.",
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    Framing Financial Culture : Rhetorical Struggles over the Meaning of ‘Liborgate'. / Just, Sine Nørholm; Mouton, Nico.

    I: Journal of Organizational Change Management, Bind 27, Nr. 5, 2014, s. 732-743.

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    TY - JOUR

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    AU - Mouton, Nico

    PY - 2014

    Y1 - 2014

    N2 - Purpose: The meaning of scandals like ‘Liborgate’ is not given beforehand; it is constructed in the course of framing contests. This paper provides a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.Design/methodology/approach: A conceptual framework that combines modern framing theory and classical stasis theory is applied to the rhetorical struggles over the meaning of ‘Liborgate’.Findings: While rhetorical struggles over ‘Liborgate’ overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political ‘blame game’ is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of ‘Liborgate’, but the war over the meaning of financial culture is far from over.Originality/value: The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.

    AB - Purpose: The meaning of scandals like ‘Liborgate’ is not given beforehand; it is constructed in the course of framing contests. This paper provides a nuanced framework for understanding such framing contests by re-conceptualizing them as rhetorical struggles.Design/methodology/approach: A conceptual framework that combines modern framing theory and classical stasis theory is applied to the rhetorical struggles over the meaning of ‘Liborgate’.Findings: While rhetorical struggles over ‘Liborgate’ overtly center on the issue of who is to blame, an analysis of the argumentative relations between competing frames leads to the conclusion that this political ‘blame game’ is related to struggles over how to define the scandal, how to conceptualize its causes, and policy recommendations. Banks may have lost the battle of ‘Liborgate’, but the war over the meaning of financial culture is far from over.Originality/value: The paper is theoretically and methodologically original in its combination of the theories of framing and stasis, and it provides analytical insights into how sense is made of financial culture in the wake of the financial crisis.

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