Beverungen, Armin
[VerfasserIn]
;
Hoedemaekers, Casper
[Sonstige Person, Familie und Körperschaft];
Veldman, Jeroen
[Sonstige Person, Familie und Körperschaft]
Anmerkungen:
In: Critical Perspectives on Accounting, Volume 25, Issue 1, Pages 58-66, February 2014
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2014 erstellt
Beschreibung:
In this paper, we explore the financialisation of the university, and how it is possible that universities behave as if they were private corporations despite legally being corporations with a charitable status. We argue that this is largely attributable to financialisation, which creates tension with the university's charitable status. The paper commences with a brief history of incorporation, and examines developments in corporate governance. With the dominance of finance, and the treatment of institutions as mere nexus of contracts, distinctions between public and private become redundant. The paper continues with an account of the effects of financialisation on university governance, under which the university acts increasingly like a for-profit corporation, with its financial governance in direct contradiction to its charitable status. Here, the university emerges as a key site of neoliberalism, where financialised subjects are shaped. Finally, we examine to what extent the financialisation of the university may be halted through a reflection on its status as a charitable corporation