Die Finanzialisierung von Unternehmen

Since the 1990s the financialization of the enterprise is an increasingly important aspect of capitalist development also in Germany. However, more recently a growing number of scholars point at a problematic conceptual stretching of financialization. The term has been defined too differently and ambiguously and has not been distinguished sufficiently from seemingly similar concepts. Financialization has been prematurely identified with a set of fixed effects often condensed to stagist concepts of capitalist development. When analyzing effects financialization has been regarded in isolation without considering interaction effects with other structurations of fields and hence the multi-referentiality of the enterprise. In order to overcome these shortcomings the article proposes a concept for the analysis of firm level financialization which draws on a more general sociological concept of field structuration and dynamics in which the “multi-referential enterprise” operates. Based on this concept the article analyses episodes of financialization in Germany showing its dynamics and limits. Financialization of enterprises proves to be structurally limited, institutionally contested, and unfolds its effects in deferent actor constellations at firm level due to its multiple and contradictory embeddedness.     

Negotiating Symbolic Boundaries in Conflict Resolution: Religion and Ethnicity in Turkey’s Kurdish Conflict

This article is an inquiry into understanding why supranational religious identity often fails to act as a conflict resolution tool in religiously homogenous ethnic conflicts. Narrowing its focus down to the role of religious elites as potential peacemakers in such conflict zones, it proposes the divergence in their conceptualizations of religious and ethnic identities as an explanatory factor. Building on 62 in-depth interviews conducted in Turkey with Sunni Muslim Kurdish and Turkish religious elites, it identifies a three-fold typology of religious and ethnic identities, as conceptualized by these elites: 1) religio-ethnic; 2) ethno-religious; 3) religious. After exemplifying each category with interview data it demonstrates the role these distinctions play in preventing the successful implementation of “Muslim fraternity” as a solution to the Kurdish conflict in Turkey. With these findings, the article contributes to both the literature on religion in conflict resolution and that on identity formation and boundary making. While it invites the former to turn its gaze from macro-level structural factors to meso- and micro-level cultural factors in analyzing religious elite involvement in conflict resolution, it invites the latter to stop employing “ethnicity” as an all-encompassing term (that covers a vast array of identity markers including religion) and focus, instead, on the gradations between religion and ethnicity as sources of identity.     

Gespensterdebatte oder was ist soziologische Aufklärung?

We reply to the critical comments of Richard Münch and the author group Jansen, Heidler and von Goetz on our article “Emergence of an Academic Elite? The Impact of Universities’ Size and Reputation on Research Funding” published in this journal. After reviewing some other sociologists’ statements on Münch’s thesis about the academic elite we reinforce the gain of our empirical analyses of hypotheses of the sociology of science in general, on the Matthew-Effect, and on trends to a possible cartelization and monopolization in the German science system. The main critic of unsuited data (we used applications for single grants submitted to the German Research Foundation) does not adequately consider the postulated scope of the investigated theses and our analyses do not aim at a general evaluation of the “Initative of Excellence”.     

Economic Adversity and Voter Turnout: Evidence from Turkish Parliamentary Elections

Social Indicators Research - This paper investigates the relationship between economic adversity and voter participation in Turkish parliamentary elections. We employ a dynamic model of voter...     

Kairos economies in the post-Soviet transition period of Central Asia

There are times when entire populations of certain countries have had to readjust their lives and economic strategies as all of society is under transition. Post-Soviet Central Asia underwent this period after 1991. During times of transition, there are always people that tend to be able to make use of the new uncertainties, even at the risk of entering legal grey areas. Here new social groups emerge, ethnic origin becomes relevant and new kinship ties are made. These transformation periods are often short and provide limited opportunities for analysing the strategies of those pioneers that I call Kairos economists. They often act only in cooperation with residents of the border and with duty customs and security personnel. This article analyses this special economy with the help of case studies that have been observed during the transformation period from the Soviet to an independent Central Asia.     

(Sub) Optimality and (non) optimal satisficing in risky decision experiments

We implement a risky choice experiment based on one-dimensional choice variables and risk neutrality induced via binary lottery incentives. Each participant confronts many parameter constellations with varying optimal payoffs. We assess (sub)optimality, as well as (non)optimal satisficing by eliciting aspirations in addition to choices. Treatments differ in the probability that a binary random event, which are payoff—but not optimal choice—relevant is experimentally induced and whether participants choose portfolios directly or via satisficing, i.e., by forming aspirations and checking for satisficing before making their choice. By incentivizing aspiration formation, we can test satisficing, and in cases of satisficing, determine whether it is optimal.     

$$D_s$$-optimality in copula models

Optimum experimental design theory has recently been extended for parameter estimation in copula models. The use of these models allows one to gain in flexibility by considering the model parameter set split into marginal and dependence parameters. However, this separation also leads to the natural issue of estimating only a subset of all model parameters. In this work, we treat this problem with the application of the \(D_s\)-optimality to copula models. First, we provide an extension of the corresponding equivalence theory. Then, we analyze a wide range of flexible copula models to highlight the usefulness of \(D_s\)-optimality in many possible scenarios. Finally, we discuss how the usage of the introduced design criterion also relates to the more general issue of copula selection and optimal design for model discrimination.     

Complexity: Some Remarks about a Classical Aesthetic Concept

The connection between autonomous art and complexity has been extensively and deeply studied in literary theories in the 20th century. The rise of aesthetic autonomy implies the complexity of literary work as the concept of a sealed container arises from the relationship between the parts that make it up. In this model, the interpretation subject works to directly face literary texts. Instead of pursuing the author’s intention, it aims to reproduce the richness and subtlety of the aesthetic state, and consider the richness and subtlety revealed in the maximum amount of text details in literary works, even if procedurally deviating from the way of mainstream understanding. There is increasing skepticism about the consequences of the autonomous aesthetics, which has been coerced by the development of contemporary capitalism, and it is necessary to develop new forms of aesthetics to reflect the changing social situation.