Big Data and algorithmic governance: The case of financial practices
Abstract
Big Data and algorithmic governance are transforming traditional institutions and media of transnational governance in manners that hold important implications for power, accountability and effectiveness. Drawing on actor-network theory, this paper contrasts utopian or dystopian views on the increasing presence of Big Data in contemporary financial practices. We scrutinise the emerging impacts of Big Data in the public governance of private banks in the Basel III arrangements, private governance of individual actors in credit scoring and anarchic competitive governance of markets in high-frequency trading. Our findings reveal varied and emergent forms of governance through, with and by algorithms.
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BDA is applied in financial governance through algorithms.
“the application of BDA in financial governance through algorithms( Campbell-Verduyn et al., 2017 )”
From Applications of big data in emerging management disciplines: A literature review using text mining (2021) · cites this paper as Campbell-Verduyn et al., 2017
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Applications of big data in emerging management disciplines: A literature review using text mining
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- Authors
- Campbell-Verduyn, M., Goguen, M., & Porter, T.
- Affiliations
- Department of Political Science, McMaster University, Hamilton, Canada
- McMaster University (CA)
- ORCID
- Porter, Tony
- Venue
- New Political Economy
- Publisher
- Informa UK Limited
- Published
- 2016-08-10
- Volume
- 22
- Issue
- 2
- Pages
- 219-236
- ISSN
- 1356-3467 (ISSN-L)
- 1469-9923
- OpenAlex
- W2481128301
- Semantic Scholar
- c151408679a9389a378161fd3d764fef6c2d4168
- Cited by
- 99
- References
- 84
- Citations by year
- 2026: 6 · 2025: 10 · 2024: 6 · 2023: 12 · 2022: 15 · 2021: 10 · 2020: 20 · 2019: 13 · 2018: 6 · 2017: 1
- FWCI
- 11.15
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- New Political Economy (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- Social Sciences and Humanities Research Council of Canada (410-2011-2376)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Global Financial Regulation and Crises
- Social Sciences › Safety Research › Ethics and Social Impacts of AI
- Social Sciences › Law › Digitalization, Law, and Regulation
- Keywords
- big data, algorithmic governance, financial practices, Basel III, credit scoring, high-frequency trading, private banks, public governance, private governance, power and accountability, actor-network theory
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