Daniel Beunza is Associate Professor of Management at Cass Business School and a member of the Centre on Charity Effectiveness.
Beunza's research explores the ways in which social relations and technology shape financial value. His award-winning study of a derivatives trading room on a Wall Street bank traced the roots of extraordinary returns to the use of space and internal organization.
Beunza obtained his PhD from New York University, and has previously taught at Columbia University, the London School of Economics and Copenhagen Business School. His research has been published in Organization Science, Organization Studies and Economy and Society.
Beunza is a leading contributor to the social studies of finance literature, and editor of the blog Socializing Finance. He has served as Chair of the Academic Network of the Principles of Responsible Investment, and collaborated with the UK Banking Standards Board on the use of ethnography and grounded theory research to enhance professional standards in the UK’s financial sector.
Beunza’s recent book, “Taking the Floor: Models, Morals and Management in a Wall Street Trading Room” (Princeton University Press) considers the moral consequences of the use of economic models on Wall Street.
- PhD, New York University, United States, Sep 1997 – May 2003
- Associate Professor, Copenhagen Business School, Sep 2017 – Aug 2018
- Assistant Professor, London School of Economics/ Management, Sep 2009 – Jul 2018
- Assistant Professor, Columbia Business School, Aug 2006 – Aug 2009
Memberships of committees
- Chair, Academic Network, Principles of Responsible Investment, Sep 2015 – Sep 2017
- Organization Theory
- Voluntary Sector Management
- financial services
- Americas - North
- Europe - Western
- Stark, D., Beunza, D., Girard, M. and Lukács, J. (2011). The sense of dissonance: Accounts of worth in economic life. ISBN 978-0-691-15248-6.
- Beunza, D. and Stark, D. (2005). Resolving identities: Successive crises in a trading room after 9/11. Wounded City: The Social Impact of 9/11 (pp. 293–320). ISBN 978-0-87154-264-9.
- Beunza, D. and Stark, D. (2007). Distributed calculation: Mechanisms of risk arbitrage in a world of uncertainty.
Journal articles (17)
- Ferraro, F. and Beunza, D. (2019). Creating common ground: A communicative action model of dialogue in shareholder engagement. Organization Science, 29(6), pp. 1187–1207. doi:10.1287/orsc.2018.1226.
- Beunza, D. and Ferraro, F. (2019). Performative Work: Bridging Performativity and Institutional Theory in the Responsible Investment Field. Organization Studies, 40(4), pp. 515–543. doi:10.1177/0170840617747917.
- Beunza, D. (2018). Noise: Living and Trading in Electronic Finance. Contemporary Sociology: A Journal of Reviews, 47(6), pp. 744–746. doi:10.1177/0094306118805422kk.
- Castelle, M., Millo, Y., Beunza, D. and Lubin, D.C. (2016). Where do electronic markets come from? Regulation and the transformation of financial exchanges. Economy and Society, 45(2), pp. 166–200. doi:10.1080/03085147.2016.1213985.
- Beunza, D. and Stark, D. (2016). From dissonance to resonance: Cognitive interdependence in quantitative finance. Ekonomicheskaya Sotsiologiya, 17(2), pp. 50–87. doi:10.17323/1726-3247-2016-2-50-87.
- Beunza, D. (2014). Money at Work: On the Job with Priests, Poker Players, and Hedge Fund Traders. By Robert Delaney. New York: New York University Press, 2012. Pp. viii+271. $35.00. American Journal of Sociology, 119(5), pp. 1498–1500. doi:10.1086/674713.
- Beunza, D. and Stark, D. (2012). From dissonance to resonance: Cognitive interdependence in quantitative finance. Economy and Society, 41(3), pp. 383–417. doi:10.1080/03085147.2011.638155.
- MacKenzie, D., Beunza, D., Millo, Y. and Pardo-Guerra, J.P. (2012). DRILLING THROUGH THE ALLEGHENY MOUNTAINS: Liquidity, materiality and high-frequency trading. Journal of Cultural Economy, 5(3), pp. 279–296. doi:10.1080/17530350.2012.674963.
- MacKenzie, D., Beunza, D., Millo, Y. and Pardo-Guerra, J.P. (2012). DRILLING THROUGH THE ALLEGHENY MOUNTAINS. Journal of Cultural Economy, 5(3), pp. 279–296.
- Beunza, D. (2008). REVIEW ESSAY. Journal of Cultural Economy, 1(1), pp. 93–100.
- Beunza, D. (2007). In praise of ambiguity: a commentary on exaptation. European Management Review, 4(3), pp. 157–159. doi:10.1057/palgrave.emr.1500087.
- Beunza, D. and Garud, R. (2007). Calculators, lemmings or frame-makers? The intermediary role of securities analysts. Sociological Review, 55(SUPPL. 2), pp. 13–39. doi:10.1111/j.1467-954X.2007.00728.x.
- Beunza, D., Hardie, I. and MacKenzie, D. (2006). Peripheral vision a price is a social thing: Towards a material sociology of arbitrage. Organization Studies, 27(5), pp. 721–745. doi:10.1177/0170840606065923.
- Beunza, D. (2006). New artistic engagements with the capital markets. economic sociology_the european electronic newsletter, 7(3), pp. 29–33.
- Beunza, D. and Stark, D. (2004). Tools of the trade: The socio-technology of arbitrage in a Wall Street trading room. Industrial and Corporate Change, 13(2), pp. 369–400.
- Beunza, D. and Stark, D. (2003). Tools of the trade the socio-technology of arbitrage in a wall street trading room. Reseaux, 122(6), pp. 63–109.
- Beunza, D. and Stark, D. (2003). Dopo l'11 settembre: innovazione e ripresa nelle "trading room" di Wall Street. Stato e Mercato, (68), pp. 185–215. doi:10.1425/9551.
Scholarly editions (2)
- Pardo-Guerra, J.P., Beunza, D., Millo, Y. and MacKenzie, D. (2010). Impersonal efficiency and the dangers of a fully automated securities exchange.
- Beunza, D. and Millo, Y. Blended automation: integrating algorithms on the floor of the New York Stock Exchange.
- Banking Standards Board (Private Sector) (Sep 2016 – Dec 2017)
Training executive members of the BSB in ethnographic research methods to understand organizational culture in banks and financial organisations. Also: advisory role in the use of grounded theory to analyse open-ended responses in BSB member surveys, focus groups, and interviews