TY - JOUR

T1 - Tilly's technical accounts and standard stories explored in financial markets

T2 - The case of the Istanbul stock exchange

AU - Tarim, Emre

PY - 2009/1/1

Y1 - 2009/1/1

N2 - In this article, I follow the lead opened up by Tilly (1999, 2002) who was interested in people's storytelling. I do so by looking at sense-making and the legitimacy narratives of market actors in the Istanbul Stock Exchange. Tilly (2006, 2008) himself walked the narrative path and investigated Why and how people give reasons and how people attribute Credit and Blame to other's actions. These books provide insights into people's storytelling in the everyday situations of the home, courtrooms, hospitals, and so on. Nevertheless, Tilly's faith in the prevalence of technical accounts as modes of explanation in intra and inter organisational settings, and superior stories as mode of communication between expert givers and non-specialized receivers, seems to ignore informational uncertainties, intra and inter organisational hierarchies and conflicts pertinent to organisations. It is these factors that push standard stories (Tilly, 1999) into the forefront at the expense of technical stories within the story exchanges of market actors. I demonstrate this by presenting a sample of story exchanges from the Istanbul Stock Exchange under situations of informational uncertainties and organisational conflicts.

AB - In this article, I follow the lead opened up by Tilly (1999, 2002) who was interested in people's storytelling. I do so by looking at sense-making and the legitimacy narratives of market actors in the Istanbul Stock Exchange. Tilly (2006, 2008) himself walked the narrative path and investigated Why and how people give reasons and how people attribute Credit and Blame to other's actions. These books provide insights into people's storytelling in the everyday situations of the home, courtrooms, hospitals, and so on. Nevertheless, Tilly's faith in the prevalence of technical accounts as modes of explanation in intra and inter organisational settings, and superior stories as mode of communication between expert givers and non-specialized receivers, seems to ignore informational uncertainties, intra and inter organisational hierarchies and conflicts pertinent to organisations. It is these factors that push standard stories (Tilly, 1999) into the forefront at the expense of technical stories within the story exchanges of market actors. I demonstrate this by presenting a sample of story exchanges from the Istanbul Stock Exchange under situations of informational uncertainties and organisational conflicts.

KW - Charles tilly

KW - Financial markets

KW - Legitimacy

KW - Sense-making

KW - Standard stories

KW - Storytelling organisations

KW - Technical accounts

KW - The istanbul stock exchange

U2 - 10.5153/sro.2028

DO - 10.5153/sro.2028

M3 - Journal article

AN - SCOPUS:71749087702

VL - 14

SP - 243

EP - 258

JO - Sociological Research Online

JF - Sociological Research Online

SN - 1360-7804

IS - 5

ER -