KOPS - The Institutional Repository of the University of Konstanz

Between Competition and Cooperation : Financial Incumbents and Challengers in German Pension Politics

Between Competition and Cooperation : Financial Incumbents and Challengers in German Pension Politics

Cite This

Files in this item

Files Size Format View

There are no files associated with this item.

RÖPER, Nils, 2020. Between Competition and Cooperation : Financial Incumbents and Challengers in German Pension Politics. In: Business and Politics. Cambridge University Press. ISSN 1369-5258. eISSN 1469-3569. Available under: doi: 10.1017/bap.2020.13

@article{Roper2020-09-24Betwe-51177, title={Between Competition and Cooperation : Financial Incumbents and Challengers in German Pension Politics}, year={2020}, doi={10.1017/bap.2020.13}, issn={1369-5258}, journal={Business and Politics}, author={Röper, Nils} }

<rdf:RDF xmlns:dcterms="http://purl.org/dc/terms/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:bibo="http://purl.org/ontology/bibo/" xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#" xmlns:foaf="http://xmlns.com/foaf/0.1/" xmlns:void="http://rdfs.org/ns/void#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > <rdf:Description rdf:about="https://kops.uni-konstanz.de/rdf/resource/123456789/51177"> <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/43613"/> <dcterms:issued>2020-09-24</dcterms:issued> <bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/51177"/> <dc:creator>Röper, Nils</dc:creator> <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/42"/> <dcterms:title>Between Competition and Cooperation : Financial Incumbents and Challengers in German Pension Politics</dcterms:title> <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2020-10-02T14:19:34Z</dc:date> <dc:language>eng</dc:language> <dcterms:rights rdf:resource="http://creativecommons.org/licenses/by/4.0/"/> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/42"/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2020-10-02T14:19:34Z</dcterms:available> <dcterms:abstract xml:lang="eng">It has long been overlooked that factions of finance such as banks and insurers can have opposing policy interests. This paper is concerned with the preferences and strategies of private financial actors in the context of private prefunded pensions. To capture the “tug of war” among these actors, this paper identifies their different financial business models (insurance- and investment-orientation), political roles (financial incumbents and challengers), and levels at which infighting may occur (political and product-market level). For the German case, it shows that product-market competition among financial incumbents and challengers over retirement savings products only turned into competition politics during the 1990s, when shifting political winds provided an opening to insert path-shaping instruments in line with the program of finance capitalism. Financial actors’ preferences are not a derivative of economic or functional incentives, but socially embedded in that they are crucially shaped by interactions with their competitors and the political environment. The analysis disentangles the complex web of competition, cooperation, and ownership among factions of finance and discerns their genuine preferences from those strategically adjusted to context. This sheds doubt on functionalist explanations of (pension) financialization and enhances our understanding of how financial actors form and pursue their preferences.</dcterms:abstract> <dc:rights>Attribution 4.0 International</dc:rights> <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/43613"/> <dc:contributor>Röper, Nils</dc:contributor> </rdf:Description> </rdf:RDF>

This item appears in the following Collection(s)

Attribution 4.0 International Except where otherwise noted, this item's license is described as Attribution 4.0 International

Search KOPS


Browse

My Account