1,245
Views
0
CrossRef citations to date
0
Altmetric
articles

Evolving Market Infrastructures: The Case of Assetization in UK Social Housing

&

References

  • Aalbers, M. 2016. The financialization of housing: A political economy approach. Oxford: Routledge.
  • Aalbers, M. 2017. The variegated financialization of housing. International Journal of Urban and Regional Research 41 (4): 542–54. doi:10.1111/1468-2427.12522.
  • Aalbers, M. B., Loon, J. V., and Fernandez, R. 2017.The financialization of a social housing provider. International Journal of Urban and Regional Research 41 (4): 572–87. doi:10.1111/1468-2427.12520.
  • Asiyanbi, A. 2018.Financialisation in the green economy: Material connections, markets-in-the-making and Foucauldian organising actions. Environment and Planning A: Economy and Space 50 (3): 531–48. doi:10.1177/0308518X17708787.
  • Baker, T., Evans, J., and Hennigan, B. 2020. Investable poverty: Social investment states and the geographies of poverty management. Progress in Human Geography 44 (3): 534–54. doi:10.1177/0309132519849288.
  • Belotti, E. 2021. The invisible hand of the shareholding state: The financialization of Italian real-estate investment funds for social housing. Housing Studies. doi: 10.1080/02673037.2021.1935762.
  • Beswick, J., and Penny, J. 2018. Demolishing the present to sell off the future? The emergence of ‘financialized municipal entrepreneurialism’ in London. International Journal of Urban and Regional Research 42 (4): 612–32. doi:10.1111/1468-2427.12612.
  • Birch, K., 2017. Rethinking value in the bio-economy: Finance, assetization, and the management of value. Science, Technology, & Human Values 42 (3): 460–90. doi:10.1177/0162243916661633.
  • Birch, K., and Muniesa, F. 2020. Assetization and technoscientific capitalism. In Assetization: Turning things into assets in technoscientific capitalism, ed. K. Birch, and F. Muniesa, 1–44. Cambridge, MA: MIT Press.
  • Boeckler, M., and Berndt, C. 2012. Geographies of circulation and exchange III: The great crisis and marketization ‘after markets.’ Progress in Human Geography 37 (3): 424–32. doi:10.1177/0309132512453515.
  • Brill, F., and Durrant, D. 2021. The emergence of a build to rent model: The role of narratives and discourses. Environment and Planning A: Economy and Space 53 (5): 1140–57. doi: 10.1177/0308518X20969417.
  • Byrne, M. 2020. Generation rent and the financialization of housing: A comparative exploration of the growth of the private rental sector in Ireland, the UK and Spain. Housing Studies 35 (4): 743–65. doi:10.1080/02673037.2019.1632813.
  • Byrne, M., and Norris, M. 2019. Housing market financialization, neoliberalism and everyday retrenchment of social housing. Environment and Planning A: Economy and Space 54 (1): 182–98. doi: 10.1177/0308518X19832614.
  • Çalışkan, K., and Callon, M. 2010. Economization, part 2: A research programme for the study of markets. Economy and Society 39 (1): 1–32. doi:10.1080/03085140903424519.
  • Callon, M., and Muniesa, F. 2005. Peripheral vision: Economic markets as calculative collective devices. Organization Studies 26 (8): 1229–50. doi:10.1177/0170840605056393.
  • Chiapello, E., and Knoll, L. 2020. The welfare conventions approach: A comparative perspective on social impact bonds. Journal of Comparative Policy Analysis: Research and Practice 22 (2): 100–15. doi:10.1080/13876988.2019.1695965.
  • Clark, G., and O'Connor, K. 1997. The informational content of financial products and the spatial structure of the global finance industry. In Spaces of globalization: Reasserting the power of the local, ed. K. Cox, 89–114. New York: Guilford.
  • Clegg, L. 2019.Economic geography and the regulatory state: Asymmetric marketization of social housing in England. Environment and Planning A: Economy and Space 51 (7): 1479–98. doi:10.1177/0308518X19857723.
  • Cooper, S. 2022. Becoming landlords: The changing interests of non-profit and co-operative housing providers in Manitoba, Canada. Housing Studies, 1–18. doi:10.1080/02673037.2022.2057931.
  • Cohen, D., and Rosenman, E. 2020. From the school yard to the conservation area: Impact investment across the nature/social divide. Antipode 52 (5): 1259–85. doi:10.1111/anti.12628.
  • Dowling, E. 2017. In the wake of austerity: Social impact bonds and the financialisation of the welfare state in Britain. New Political Economy 22 (3): 294–310. doi:10.1080/13563467.2017.1232709.
  • Fields, D. 2018.Constructing a new asset class: Property-led financial accumulation after the crisis. Economic Geography 94 (2): 118–40. doi:10.1080/00130095.2017.1397492.
  • Fitch Ratings. 2013. Rating of public-sector entities. New York: Fitch.
  • Folkman, P., Froud, J., Johal, S., and Williams, K. 2007.Working for themselves? Capital market intermediaries and present day capitalism. Business History 49 (4): 552–72. doi:10.1080/00076790701296373.
  • Gabor, D., and Kohl, S. 2022. My home is an asset class”: The financialization of housing in Europe. Brussels, Belgium: The Greens/EFA.
  • Glänzel, G., and Scheuerle, T. 2016. Social impact investing in Germany: Current impediments from investors’ and social entrepreneurs’ perspectives. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations 27 (4): 1638–68. doi:10.1007/s11266-015-9621-z.
  • Gotham, K. F. 2009. Creating liquidity out of spatial fixity: The secondary circuit of capital and the subprime mortgage crisis. International Journal of Urban and Regional Research 33 (2): 355–71. doi:10.1111/j.1468-2427.2009.00874.x.
  • Gruis, V., and Nieboer, N. 2007. Government regulation and market orientation in the management of social housing assets: Limitations and opportunities for European and Australian landlords. European Journal of Housing Policy 7 (1): 45–62. doi:10.1080/14616710601132542.
  • Hilbrandt, H., and Grubbauer, M. 2020. Standards and SSOs in the contested widening and deepening of financial markets: The arrival of green municipal bonds in Mexico City. Environment and Planning A: Economy and Space 52 (7): 1415–33. doi:10.1177/0308518X20909391.
  • Hughes-McLure, S. 2022. Follow the money. Environment and Planning A: Economy and Space 54 (7): 1299–322. doi:10.1177/0308518X221103267.
  • Ioannou, S., and Wójcik, D. 2019. On financialization and its future. Environment and Planning A: Economy and Space 51 (1): 263–71. doi:10.1177/0308518X18820912.
  • Karpf, A., and Mandel, A. 2018. The changing value of the ‘green’ label on the US municipal bond market. Nature Climate Change 8 (2): 161–65. doi:10.1038/s41558-017-0062-0.
  • Kear, M. 2014. The scale effects of financialization: The fair credit reporting act and the production of financial space and subjects. Geoforum 57 (November): 99–109. doi:10.1016/j.geoforum.2014.08.013.
  • Keenan, L. 2020. Financialization, securitization and the decline of pubs in Britain. Journal of Economic Geography 20 (6): 1293–311. doi:10.1093/jeg/lbaa024.
  • Langley, P. 2018. Frontier financialization: Urban infrastructure in the United Kingdom. Economic Anthropology 5 (2): 172–84. doi:10.1002/sea2.12115.
  • Langley, P. 2020. Assets and assetization in financialized capitalism. Review of International Political Economy 28 (2): 382–93. doi:10.1080/09692290.2020.1830828.
  • Leyshon, A., and French, S. 2009. ‘We all live in a Robbie Fowler house’: The geographies of the buy to let market in the UK. British Journal of Politics and International Relations 11 (3): 438–60. doi:10.1111/j.1467-856X.2009.00381.x.
  • MacKenzie, D. 2006. An engine, not a camera: How financial models shape markets. Cambridge, MA: MIT Press.
  • Malpass, P. 2000. The discontinuous history of housing associations in England. Housing Studies 15 (2): 195–212. doi:10.1080/02673030082351.
  • McFarlane, C. 2011. Assemblage and critical urbanism. City 15 (2): 204–24. doi:10.1080/13604813.2011.568715.
  • Moody’s. 2013. English housing associations. London: Moody’s.
  • Morrison, N. 2018. Innovative affordable housing finance delivery model in England. In Affordable housing governance and finance: Innovations, partnerships and comparative perspectives, ed. G. Van Bortel, V. Gruis, J. Nieuwenhuijzen, and B. Pluijmers, 230–42. New York: Routledge.
  • Muniesa, F., Millo, Y., Callon, M. 2007. An introduction to market devices. Sociological Review 55 (October): 1–12. doi:10.1111/j.1467-954X.2007.00727.x.
  • Nethercote, M. 2020. Build-to-rent and the financialization of rental housing: Future research directions. Housing Studies 35 (5): 839–74. doi:10.1080/02673037.2019.1636938.
  • Omstedt, M. 2020. Reading risk: The practices, limits and politics of municipal bond rating. Environment and Planning A: Economy and Space 52 (3): 611–31. doi:10.1177/0308518X19880903.
  • Ouma, S. 2016. From financialization to operations of capital: Historicizing and disentangling the finance–farmland-nexus. Geoforum 72 (1): 82–93. doi:10.1016/j.geoforum.2016.02.003.
  • Pache, A., and Santos, F. 2013. Embedded in hybrid contexts: How individuals in organizations respond to competing institutional logics. Research in the Sociology of Organizations 3:3–35. doi:10.1108/S0733-558X(2013)0039b014.
  • Phillips, S. D., and Johnson, B. 2019. Inching to impact: The demand side of social impact investing. Journal of Business Ethics 168:615–29. doi:10.1007/s10551-019-04241-5.
  • Preda, A. 2006. Socio-technical agency in financial markets the case of the stock ticker. Social Studies of Science 36 (5): 753–82. doi:10.1177/0306312706059543.
  • Revington, N., and August, M. 2020. Making a market for itself: The emergent financialization of student housing in Canada. Environment and Planning A: Economy and Space 52 (5): 856–77. doi:10.1177/0308518X19884577.
  • Sinclair, S., McHugh, N., and Roy, M. J. 2021. Social innovation, financialisation and commodification: A critique of social impact bonds. Journal of Economic Policy Reform 24 (1): 11–27. doi:10.1080/17487870.2019.1571415.
  • Smyth, S. 2019. Embedding financialization: A policy review of the English Affordable Homes Programme. Housing Studies 34 (1): 142–61. doi:10.1080/02673037.2018.1442561.
  • Smyth, S., Cole, I., and Fields, D. 2020. From gatekeepers to gateway constructors: Credit rating agencies and the financialisation of housing associations. Critical Perspectives on Accounting 71 (September): art. 102093.
  • Standard and Poor’s. 2012. Sovereign Housing Association Ltd. London: Standard and Poor’s
  • The Housing Finance Corporation. 2016. Investing in affordable housing. London: THFC.
  • Tickell, J. 1996. Turning hopes into homes: A history of social housing 1235–1996. London: National Housing Federation.
  • van Bortel, G., and Gruis, V., 2019. Innovative arrangements between public and private actors in affordable housing provision: Examples from Austria, England and Italy. Urban Science 3 (2): art. 52. https://www.mdpi.com/2413-8851/3/2/52. doi:10.3390/urbansci3020052.
  • Van Loon, J., Oosterlynck, S., and Aalbers, M. B. 2019. Governing urban development in the Low Countries: From managerialism to entrepreneurialism and financialization. European Urban and Regional Studies 26 (4): 400–18. doi:10.1177/0969776418798673.
  • Wainwright, T. 2009. Laying the foundations for a crisis: Mapping the historico-geographical construction of residential mortgage backed securitization in the UK. International Journal of Urban and Regional Research 33 (2): 372–88. doi:10.1111/j.1468-2427.2009.00876.x.
  • Wainwright, T., and Manville, G., 2017. Financialization and the third sector: Innovation in social housing bond markets. Environment and Planning A, 49 (4): 819–38. doi:10.1177/0308518X16684140.
  • Waldron, R. 2019. Financialization, urban governance and the planning system: Utilizing ‘development viability’ as a policy narrative for the liberalization of Ireland’s post-crash planning system. International Journal of Urban and Regional Research 43 (4): 685–704. doi:10.1111/1468-2427.12789.
  • Walks, A., and Clifford, B. (2015). The political economy of mortgage securitization and the neoliberalization of housing policy in Canada. Environment and Planning A: Economy and Space 47 (8): 1624–1642. doi:10.1068/a130226p.
  • Wijburg, G., and Aalbers, M. B. 2017. The alternative financialization of the German housing market. Housing Studies 32 (7): 968–89. doi:10.1080/02673037.2017.1291917.
  • Wijburg, G., Aalbers, M. B., and Heeg, S. 2018. The financialisation of rental housing 2.0: Releasing housing into the privatised mainstream of capital accumulation. Antipode 50 (4): 1098–119. doi:10.1111/anti.12382.
  • Williams, J. 2020. Recidivists, rough sleepers, and the unemployed as financial assets: Social impact bonds and the creation of new markets in social services. In Assetization: Turning things into assets in technoscientific capitalism, ed. K. Birch, and F. Muniesa, 287–312. Cambridge, MA: MIT Press.