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Why Do Firms Financialize? Meso-Level Evidence from the U.S. Apparel and Footwear Industry, 1991-2005.

Soener, Matthew C

Abstract Details

2014, Master of Arts, Ohio State University, Sociology.
The American economy has become increasingly financialized over the past 30 years. Prior research on financialization has been conducted within separate theoretical traditions, has focused on macro explanations, and employed totalizing conceptualizations of financialization. It has not seriously considered the meso-level processes propelling financialization or engaged in the divergent theories commonly used to explain it. This study seeks to adjudicate between two theories—political economy and neo-institutionalism—to hone in on key determinants of financialization at the firm level. I do so with a unique panel data set and longitudinal data techniques to predict financialization at the firm level. Results lend support for both theories, especially political economy. From this vantage point, financialization is not the sweeping force that earlier work has described but a localized and contingent process.
Tim Bartley (Advisor)
Randy Hodson (Committee Member)
Andrew Martin (Committee Member)
54 p.

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Citations

  • Soener, M. C. (2014). Why Do Firms Financialize? Meso-Level Evidence from the U.S. Apparel and Footwear Industry, 1991-2005. [Master's thesis, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1397491808

    APA Style (7th edition)

  • Soener, Matthew. Why Do Firms Financialize? Meso-Level Evidence from the U.S. Apparel and Footwear Industry, 1991-2005. 2014. Ohio State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1397491808.

    MLA Style (8th edition)

  • Soener, Matthew. "Why Do Firms Financialize? Meso-Level Evidence from the U.S. Apparel and Footwear Industry, 1991-2005." Master's thesis, Ohio State University, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=osu1397491808

    Chicago Manual of Style (17th edition)