Professor Yuval Millo

Professor of Social Studies of Finance and Management Accounting

Contact Details

  • Tel: +44 (0) 116 229 7385
  • Email: ym95@le.ac.uk
  • Office: Room 605, Level 6, Ken Edwards Building
  • Office Hours: Tuesday 3:30pm - 5:30pm

Biography

Yuval Millo joined the School of Management on 1 September 2012 to take up a position of Professor of Social Studies of Finance and Management Accounting. Prior to this he held positions at the London School of Economics and the University of Essex. Yuval graduated from the Science Studies Unit at the University of Edinburgh, where he wrote a PhD about the history of the Black-Scholes option pricing model and the evolution of financial derivatives markets. Yuval is a leading contributor to the emerging field of Social Studies of finance (SSF), which develops a unified analytical framework that includes elements from accounting, financial economics and sociology and analyses dynamics in and around financial markets. SSF pays particular attention to the technological and organizational infrastructure that affect price formation. Using a combination of qualitative and quantitative methods, Yuval’s current research includes the emergence of electronic trading in financial exchanges (with Daniel Beunza and Juan-Pablo Pardo-Guerra, LSE), the evolution of accounting standards for testing the impairment of assets (with Andrea Mennicken, LSE) and the rise of the Social Return On Investment methodology (with Emily Barman, Boston University and Matt Hall, LSE).

Yuval’s working papers.

Research Interests

Recent research projects include the emergence of accounting standards and the concept of goodwill, the transition of financial exchanges to electronic trading, the history of Social Return On Investment, valuation methods for accounting for carbon emissions.

PhD Supervision

Yuval is interested in supervising PhD study in the all areas related to recent research as above and, in addition, in other areas related to sociology of financial markets.

Teaching

Accounting for Managers (MBA)

Accounting Representations: Public and Private Sector (MSc Accounting and Finance, MSc Management, Finance and Accounting)

Most Recent Publications

Articles
Yuval Millo, with Anette Mikes and Matthew Hall (2013) “How Experts Gain Influence”, Harvard Business Review (July-August)

Yuval Millo, Penelope Tuck and Paul Du Gay. (2012) "Making government liquid: Shifts in governance using financialisation as a political device", Environment and Planning C.

Yuval Millo, with Donald Mackenzie, Daniel Buenza and Juan Pablo Pardo-Guerra. (2012) "Drilling Through the Allegheny Mountains: The Social Structure of Liquidity in the Age of Automated Trading", Journal of Cultural Economy. (This paper is included in the evidence base of the report by 'The Future of Computer Trading in Financial Markets' project. The project is sponsored by HM Treasury, and led by the government's Office for Science.)

Yuval Millo, with Joanne Horton and George Serafeim (2012) "Resources or Power? Implications of Social Networks on Compensation and Firm Performance" Journal of Business Finance and Accounting 39, (3/4) : 399–426.

Margaret Armstrong, Guillaume Cornut, Stéphane Delacôte, Marc Lenglet, Yuval Millo, Fabian Muniesa, Alexandre Pointier, Yamina Tadjeddine,(2012) "Towards a practical approach to responsible innovation infinance: New Product Committees revisited", Journal of Financial Regulation and Compliance, Vol. 20 Iss: 2, pp.147-168.

Mackenzie, D., and Millo, Y. (2009) "The usefulness of inaccurate models: Towards an understanding of the emergence of financial risk management", Accounting, Organizations and Society 34 (2009), pp. 638-653.

Books
Callon, M., Millo, Y., and Muniesa, F. (2007) Market Devices (Oxford: Blackwell).

Full listing of publications
Margaret Armstrong, Guillaume Cornut, Stéphane Delacôte, Marc Lenglet, Yuval Millo, Fabian Muniesa, Alexandre Pointier, Yamina Tadjeddine,(2012) "Towards a practical approach to responsible innovation infinance: New Product Committees revisited", Journal of Financial Regulation and Compliance, Vol. 20 Iss: 2, pp.147-168.

Yuval Millo, Penelope Tuck and Paul Du Gay "Making government liquid: Shifts in governance using financialisation as a political device",Environment and Planning C.

Yuval Millo, with Donald  Mackenzie, Daniel Buenza and Juan Pablo Pardo-Guerra "Drilling Through the Allegheny Mountains: The Social Structure of Liquidity in the Age of Automated Trading", Journal of Cultural Economy

Yuval Millo, with Joanne Horton and George Serafeim (2012) "Resources or Power? Implications of Social Networks on Compensation and Firm Performance" Journal of Business Finance and Accounting 39, (3/4) : 399–426.

Mackenzie, D., and Millo, Y. (2009) "The usefulness of inaccurate models: Towards an understanding of the emergence of financial risk management", Accounting, Organizations and Society 34 (2009), pp. 638-653.

Lezaun, J., and Millo, Y. (2006) Regulatory Experiments: Genetically Modified Crops and Financial Derivatives on Trial. Science and Public Policy 33(3): 179-190.

Holzer, B., and Millo, Y. (2005) From Risks to Second-order Dangers in Financial Markets: Unintended Consequences of Risk Management Systems. New Political Economy 10(2): 223-246.

Millo, Y., Muniesa, F., Panourgias, N., and Scott, S. (2005) Organised Detachment: Clearinghouse Mechanisms in Financial Markets. Information and Organization 15(3): 229-246.

Mackenzie, D., and Millo, Y. (2003) Negotiating a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange. American Journal of Sociology 109:107-145.

Top

Share this page: