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Financialization, Resonance, and the Emergence of Cross-Field Ties

  • Philipp Golka
Chapter

Abstract

Building on the case of social impact investing in the UK, this chapter develops a mechanism for the emergence of cooperative ties between financial and nonfinancial actors that is key to financialization processes. Golka draws on pragmatist scholarship to develop the notion of a “resonance mechanism” to better understand how strategic actors succeed in motivating others to cooperate. He finds that cooperation is likely to emerge when strategic narratives are aligned with “resonance spaces”—situations that render these narratives acceptable to positioned actors. Linking the concept with current research on financialization, Golka shows how such a perspective helps to understand trajectories of financialization as well as their absence.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Philipp Golka
    • 1
  1. 1.Sociology of Markets, Organizations and GovernanceFriedrich Schiller University JenaJenaGermany

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