Losing Ground: Business Power, Standardized Assets and the Regulation of Land Acquisition Taxes in Germany and Sweden
IMPRS Colloquium
- Datum: 09.01.2023
- Uhrzeit: 15:00
- Vortragende: Hanna Doose
- Doctoral Researcher, IMPRS-SPCE
Previous literature on the nexus between land, finance
and business power has not yet systematically analysed the role of the
liquidity of businesses’ assets. Combining process tracing with a comparative
design, this study adds a perspective on the role of standardized assets for
business power. It investigates land acquisition tax reforms, asking why
structural and instrumental power of institutional landowners was successful in
Sweden while in Germany a reform was passed in 2021 which disadvantages the private
market institutional landowners in comparison to their public counterparts. It
argues that the standardization of landed property as liquid stock enabled the
publicly listed property companies to unite with other stock market actors,
increasing their power sources and leading them to succeed with their interests
due to the liquidity demands of their assets. This stands in contrast to a
worse reception of the liquidity of private market actors in their land related
transactions.