Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228868
Authors: 
Davies, Clementine
Year of Publication: 
2021
Series/Report no.: 
Working Paper No. 153/2021
Abstract: 
This paper seeks to understand the extent financialisation has had an impact on the rental housing market in Berlin. Specifically, it focuses on the financialisation of non-financial rental housing companies. The financial statements of five large, publicly listed, commercial rental housing companies in Berlin are examined for three operationalisations of financialisation: as a means of accumulation, as a mode of corporate governance, and as the prioritisation of short-term perspectives. Findings show no trends of firms increasingly relying on financial instruments for profit but did show increased shareholder orientation and short termism. Implications for the supply, price and quality of rental housing in Berlin are discussed.
Subjects: 
financialisation
homeownership
firm ownership structure
rental housing
rental market
Berlin
JEL: 
G3
G32
L2
N2
R21
R31
Document Type: 
Working Paper

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