03153nam a2200337 a 4500 ebr10312614 CaPaEBR m u cr cn||||||||| 070831s2008 njua sb 001 0 eng d 2007036121 9780691128320 (hardcover : alk. paper) CaPaEBR CaPaEBR (OCoLC)432429097 n-us--- HG4532 .H37 2008eb 332.63/22068 22 Harrington, Brooke, 1968- Pop finance [electronic resource] : investment clubs and the new investor populism / Brooke Harrington. Princeton, N.J. : Princeton University Press, c2008. xii, 242 p. : ill. Includes bibliographical references (p. [215]-230) and index. section 1. Investment clubs and the "ownership society" -- section 2. Cash and social currency: performance in investment clubs -- section 3. Aftermath and implications. "During the 1990s, the United States underwent a dramatic transformation: investing in stocks, once the province of a privileged elite, became a mass activity involving more than half of Americans. Pop Finance follows the trajectory of this new market populism via the rise of investment clubs, through which millions of people across the socioeconomic spectrum became investors for the first time. As sociologist Brooke Harrington shows, these new investors pour billions of dollars into the U.S. stock market and hold significant positions in some of the nation's largest firms. Drawing upon Harrington's long-term observation of investment clubs, along with in-depth interviews and extensive survey data, Pop Finance is the first book to examine the origins and impact of this mass engagement in investing." "One of Harrington's most intriguing findings is that gender-based differences in investing can create a "diversity premium" - groups of men and women together are more profitable than single-sex groups. In examining the sources of this effect, she delves into the interpersonal dynamics that distinguish effective decision-making groups from their dysfunctional counterparts." "In addition, Harrington shows that most Americans approach investing not only to make a profit but also to make a statement. In effect, portfolios have become like consumer products, serving both utilitarian and social ends. This ties into the growth of socially responsible investing and shareholder activism - matters relevant not only to social scientists but also to corporate leaders, policymakers, and the millions of Americans planning for retirement."--BOOK JACKET. Electronic reproduction. Palo Alto, Calif. : ebrary, 2013. Available via World Wide Web. Access may be limited to ebrary affiliated libraries. Investment clubs United States. Investments Social aspects United States. Electronic books. local ebrary, Inc. http://site.ebrary.com/lib/rucke/Doc?id=10312614 An electronic book accessible through the World Wide Web; click to view 165001 165001