Losing ground: business power, standardized assets and the regulation of land acquisition taxes in Germany and Sweden

IF 3.2 2区经济学 Q1 ECONOMICS

Socio-Economic Review Pub Date : 2024-03-01 DOI:10.1093/ser/mwae003

Hanna Doose

引用次数: 0

Abstract

Previous literature on the nexus between land, finance and business power has not systematically analysed the role of the liquidity of businesses’ assets. Combining process tracing with a comparative design, this study contributes a perspective on the role of standardized assets for business power. It investigates land acquisition tax reforms asking why institutional landowners’ structural and instrumental power was successful in Sweden but not in Germany. In Germany, a reform was passed in 2021 which disadvantages the private market institutional landowners compared to their public counterparts. This study argues that the standardization of landed property as liquid stock enabled publicly listed property companies to unite with other stock market actors, increasing their power resources and allowing them to successfully promote their interests due to the liquidity demands of their assets. This stands in contrast to the poorer reception of the liquidity of private market actors in their land-related transactions.

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失地：德国和瑞典的商业力量、标准化资产与土地购置税监管

以往有关土地、金融和企业权力之间关系的文献并未系统分析企业资产流动性的作用。本研究将过程追踪与比较设计相结合，为标准化资产对企业权力的作用提供了一个视角。本研究通过对土地征用税改革的调查，探究了为什么制度性土地所有者的结构性和工具性权力在瑞典取得了成功，而在德国却没有。德国于 2021 年通过了一项改革，与公共机构相比，该改革不利于私人市场的机构土地所有者。本研究认为，将土地财产标准化为流动股票，使上市房地产公司能够与其他股票市场参与者联合起来，增加了他们的权力资源，并使他们能够因其资产的流动性需求而成功地促进其利益。这与私人市场主体在与土地相关的交易中对流动性的接受能力较差形成了鲜明对比。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Socio-Economic Review Multiple-

CiteScore

6.80

自引率

10.80%

发文量

期刊介绍： Originating in the Society for the Advancement of Socio-Economics (SASE), Socio-Economic Review (SER) is part of a broader movement in the social sciences for the rediscovery of the socio-political foundations of the economy. Devoted to the advancement of socio-economics, it deals with the analytical, political and moral questions arising at the intersection between economy and society. Articles in SER explore how the economy is or should be governed by social relations, institutional rules, political decisions, and cultural values. They also consider how the economy in turn affects the society of which it is part, for example by breaking up old institutional forms and giving rise to new ones. The domain of the journal is deliberately broadly conceived, so new variations to its general theme may be discovered and editors can learn from the papers that readers submit. To enhance international dialogue, Socio-Economic Review accepts the submission of translated articles that are simultaneously published in a language other than English. In pursuit of its program, SER is eager to promote interdisciplinary dialogue between sociology, economics, political science and moral philosophy, through both empirical and theoretical work. Empirical papers may be qualitative as well as quantitative, and theoretical papers will not be confined to deductive model-building. Papers suggestive of more generalizable insights into the economy as a domain of social action will be preferred over narrowly specialized work. While firmly committed to the highest standards of scholarly excellence, Socio-Economic Review encourages discussion of the practical and ethical dimensions of economic action, with the intention to contribute to both the advancement of social science and the building of a good economy in a good society.