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Matilde Massó

Universidade da Coruña, Sociology, Faculty Member

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Matilde Massó is Associate Professor of Sociology at the Department of Sociology and Communication Sciences at the A Coruña University (UDC). Her principal research interests lie in the transformations of money and how financial innovation is shaping a new conception of the economy and its relationship with the theories of justice. She has extensive experience in leading research projects on economic sociology, specifically in financialization studies and the sociology of money and financial innovation. Her recent publications are Contested Money (Routledge, 2023) and Why money matters? (Journal of Economic Issues, 2023)

ORCID: https://orcid.org/0000-0003-3163-7023

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József Böröcz

Rutgers, The State University of New Jersey

University College Cork

Lancaster University

Armando Marques-Guedes

UNL - New University of Lisbon

Goldsmiths, University of London

SOAS University of London

Copenhagen Business School, CBS

Werner Bonefeld

University of York

Leuphana University

Madhusudan Subedi

Patan academy of health sciences

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Papers by Matilde Massó

Routledge eBooks, Aug 23, 2023

Value Creation in Market Economies

Routledge eBooks, Aug 23, 2023

Towards a Financialised Capitalism?: Evidences from Spain in the Context of Comparative Political Economy

¿Importa la cultura durante una pandemia? Una aproximación a la crisis española de la COVID-19

RES, Sep 9, 2020

¿Importa la cultura durante una pandemia? Una aproximación a la crisis española de la COVID-19

Financialization, confidence, and sovereign debt markets: The role of Credit Default Swaps in the Southern European debt crisis

International Journal of Comparative Sociology, May 4, 2022

Does Culture Matter During a Pandemic? An Approach to the Spanish Crisis of the COVID-19

¿Importa la cultura durante una pandemia? Una aproximación a la crisis española de la COVID-19

LA INDIVIDUALIZACIÓN DE LA RELACIÓN DE EMPLEO EN LAS GRANDES EMPRESAS EN ESPAÑA El caso de la industria del automóvil y el sector sanitario THE INDIVIDUALIZATION OF THE EMPLOYMENT RELATION IN THE BIG FIRMS IN SPAIN The Case of the Automotive Industry and the Sanitary Sector

La problemática conceptualización de la financiarización: diferenciando causas, consecuencias y la acción financiarizada de los actores económicos

Revista Internacional de Sociología, 2020

La financiarización es un proceso de cambio estructural e incompleto en las economías contemporán... more La financiarización es un proceso de cambio estructural e incompleto en las economías contemporáneas. El crecimiento del sistema financiero en las últimas décadas ha estado acompañado por una relación cada vez más compleja entre los actores socioeconómicos y los mercados financieros. En este artículo analizamos las causas y consecuencias de la financiarización con respecto a: la erosión de la relación capital-trabajo; el aumento de la desigualdad del ingreso laboral; y la comercialización de la vida cotidiana y los derechos sociales. Revisamos las principales conceptualizaciones de la financiarización en varios sitios de investigación correspondientes a los principales actores económicos, es decir: corporaciones no financieras; el estado y los individuos; y su compleja relación con los mercados financieros. Nuestro objetivo principal es evaluar las contribuciones y limitaciones de los estudios de financiarización en estos espacios de investigación.

El diseño de la investigación en la Sociología del Trabajo. Una reflexión de carácter teórico-metodológico

La investigación y la enseñanza de la sociología del trabajo: un balance de la situación en España: : textos de la 1ª Reunión Intercongresual del Comité de Investigación de Sociología del Trabajo: Actas del encuentro del Comité 07 de Sociología del Trabajo de la Federación Española de Sociología,..., 2010

La problemática conceptualización de la financiarización: diferenciando causas, consecuencias y la acción financiarizada de los actores económicos

Revista Internacional De Sociologia, Dec 15, 2020

Financialisation is a structural and incomplete process of change in contemporary economies. The ... more Financialisation is a structural and incomplete process of change in contemporary economies. The growth of the financial system in last few decades has been accompanied by an increasingly complex relationship between socio-economic actors and financial markets. In this paper we analyse the causes and consequences of financialisation regarding: an erosion of the capital-labour relationship; the rise of labour income inequality; and the marketization of daily life and social rights. We review the main conceptualizations of financialisation on various research sites corresponding to the main economic actors, that is: non-financial corporations; the state and individuals; and their complex relationship with financial markets. Our primary objective is to evaluate the contributions and limitations of financialisation studies in these research sites and to identify the main methodological challenges in conceptualising financialisation.

Economic sociology in Europe and North America. An exploration based on a systematic review of the literature

Economic Sociology in Europe., 2023

Financialisation of everyday life: exploring socio economic behaviour in Southern European Countries

EMPIRIA. Revista de metodología de ciencias sociales, 2024

Despite the growing literature on the financialisation of everyday life, studies that empirically... more Despite the growing literature on the financialisation of everyday life, studies that empirically examine the various theoretical approaches to it have been scarce. This paper aims to bridge this gap by analysing the financialisation of individuals' socioeconomic behaviour in Southern Europe. To this effect, we used data from the second wave of the Household Finance and Consumption Survey (HFCS), drawn up by the European Central Bank in 2016. Firstly, we designed an operational model of the financialisation of everyday life based on variables related to individual financial behaviour, household money management, and the perception of economic risk. Secondly, we conducted a Multiple Correspondence Analysis (MCA) combined with a Cluster Analysis (CLA) to study the behaviour of individuals in Spain, Italy, Greece, and Portugal. The results question

The importance of attitudes towards risk to explain indebtedness in Southern European countries

Revista Española de Sociología, 2020

The aim of this paper is to analyse the socio-demographic determinants and individuals’ attitudes... more The aim of this paper is to analyse the socio-demographic determinants and individuals’ attitudes towards risk to explain indebtedness in Southern European countries. This analysis is done within the context of an increasing process of financialization of individual behaviour. We use the Household Finance and Consumption Survey (HFCS), drawn up by the European Central Bank between 2009 and 2011. The methodological plan consists of a combination of a multiple correspondence analyses in order to identify the various household debt models and a logistic regression analysis in order to detect the explanatory variables that best explain the differences between indebtedness models. The main contribution of this paper is the identification of those variables that explain the economic differences in household debt levels. Results are showing a relevant influence of individual attitudes to explain indebtedness in Southern Countries in detriment of sociodemographic variables which are not rel...

Why Money Matters: Debating the Social Construction of Monetary Value and the Concept of Money as Debt

Journal of Economic Issues, 2023

This article evaluates the major gaps in the state of the art regarding the socioeconomic literat... more This article evaluates the major gaps in the state of the art regarding the socioeconomic literature on money. It examines current debates on the ontology of money and the concept of money as debt. It asserts the idea that money is essentially the result of a human cognitive property by means of which we establish a general measure of value that can be applied to valuing things, goods, or services. Money is Money is the institutionalization of an abstract measure of value, not the object being measured, nor a tool for valuation. This article argues that understanding the social nature of money as a social institution is fundamental to comprehending the role it plays in organizing the economy and social life.

The problematic conceptualization of financialisation: differentiating causes, consequences and socio economic actors' financialised behaviour

Revista Internacional De Sociologia, 2020

Financialisation is a structural and incomplete process of change in contemporary economies. The ... more Financialisation is a structural and incomplete process of change in contemporary economies. The growth of the financial system in last few decades has been accompanied by an increasingly complex relationship between socio-economic actors and financial markets. In this paper we analyse the causes and consequences of financialisation regarding: an erosion of the capital-labour relationship; the rise of labour income inequality; and the marketization of daily life and social rights. We review the main conceptualizations of financialisation on various research sites corresponding to the main economic actors, that is: non-financial corporations; the state and individuals; and their complex relationship with financial markets. Our primary objective is to evaluate the contributions and limitations of financialisation studies in these research sites and to identify the main methodological challenges in conceptualising financialisation.

Introduction to the special issue “The social consequences of financialisation: actors, processes and structures of financialised economy in Europe”

Revista Internacional De Sociologia, 2020

Crisis y reestructuración del sistema financiero en España

La importancia del sector de actividad en la financiarización de las empresas. Un análisis multinivel de empresas británicas y españolas

Revista Internacional de Sociología, 2020

A pesar del aumento de la literatura sobre financiarización, la mayoría de las contribuciones no ... more A pesar del aumento de la literatura sobre financiarización, la mayoría de las contribuciones no ofrecen una vinculación satisfactoria de los paradigmas teóricos con los datos empíricos a nivel de empresa. Además, hasta la fecha se han realizado muy pocos estudios sectoriales. El objetivo de este trabajo es cerrar esta brecha estimando la importancia de la afiliación sectorial en la financiarización de las grandes empresas en el Reino Unido y España. Dado que la definición de financiarización suele ser imprecisa y poco clara, comenzamos con una discusión de las limitaciones de los indicadores utilizados en la literatura sobre financiarización. En segundo lugar, construimos un indicador de financiarización basado en un conjunto de datos único, obtenido de los balances y las variables de las cuentas de resultados de las empresas que cotizan en los índices FTSE -100 y del mercado continuo de 2000-2015. Finalmente, y por primera vez en la literatura, hemos aplicado una metodología multi...

El gran carnaval: la responsabilidad social de los media a debate

El Cine Como Prospectiva En La Sociedad Del Riesgo Iv Jornadas Sobre Gestion De Crisis 2011 Isbn 978 84 9749 448 9 Pags 159 172, 2011

The effects of government debt market financialization: The case of Spain

Competition & Change, 2016

The financialization of capitalist economies is closely related to the creation and commercializa... more The financialization of capitalist economies is closely related to the creation and commercialization of debt and its derivatives. This article demonstrates the relationship between the financialization of the government debt market and debt sustainability in Spain between 1996 and 2013. The article shows how the financialization of the Spanish government debt markets has been designed to favour liquidity through debt policy innovations, but on the other hand, it allowed investors to take speculative positions on the market’s perception of default risk. The quick growth of public over indebtedness to finance the government’s deficit and the costs of the financial system aid, produced a lack of credibility for Spanish debt sustainability and the government’s solvency. The article argues that the institutional mechanisms that allowed the transformation of the banking crisis into a sovereign debt crises lie in the micro structure of government debt markets and its degree of financializ...

Routledge eBooks, Aug 23, 2023

Value Creation in Market Economies

Routledge eBooks, Aug 23, 2023

Towards a Financialised Capitalism?: Evidences from Spain in the Context of Comparative Political Economy

¿Importa la cultura durante una pandemia? Una aproximación a la crisis española de la COVID-19

RES, Sep 9, 2020

¿Importa la cultura durante una pandemia? Una aproximación a la crisis española de la COVID-19

Financialization, confidence, and sovereign debt markets: The role of Credit Default Swaps in the Southern European debt crisis

International Journal of Comparative Sociology, May 4, 2022

Does Culture Matter During a Pandemic? An Approach to the Spanish Crisis of the COVID-19

¿Importa la cultura durante una pandemia? Una aproximación a la crisis española de la COVID-19

LA INDIVIDUALIZACIÓN DE LA RELACIÓN DE EMPLEO EN LAS GRANDES EMPRESAS EN ESPAÑA El caso de la industria del automóvil y el sector sanitario THE INDIVIDUALIZATION OF THE EMPLOYMENT RELATION IN THE BIG FIRMS IN SPAIN The Case of the Automotive Industry and the Sanitary Sector

La problemática conceptualización de la financiarización: diferenciando causas, consecuencias y la acción financiarizada de los actores económicos

Revista Internacional de Sociología, 2020

La financiarización es un proceso de cambio estructural e incompleto en las economías contemporán... more La financiarización es un proceso de cambio estructural e incompleto en las economías contemporáneas. El crecimiento del sistema financiero en las últimas décadas ha estado acompañado por una relación cada vez más compleja entre los actores socioeconómicos y los mercados financieros. En este artículo analizamos las causas y consecuencias de la financiarización con respecto a: la erosión de la relación capital-trabajo; el aumento de la desigualdad del ingreso laboral; y la comercialización de la vida cotidiana y los derechos sociales. Revisamos las principales conceptualizaciones de la financiarización en varios sitios de investigación correspondientes a los principales actores económicos, es decir: corporaciones no financieras; el estado y los individuos; y su compleja relación con los mercados financieros. Nuestro objetivo principal es evaluar las contribuciones y limitaciones de los estudios de financiarización en estos espacios de investigación.

El diseño de la investigación en la Sociología del Trabajo. Una reflexión de carácter teórico-metodológico

La investigación y la enseñanza de la sociología del trabajo: un balance de la situación en España: : textos de la 1ª Reunión Intercongresual del Comité de Investigación de Sociología del Trabajo: Actas del encuentro del Comité 07 de Sociología del Trabajo de la Federación Española de Sociología,..., 2010

La problemática conceptualización de la financiarización: diferenciando causas, consecuencias y la acción financiarizada de los actores económicos

Revista Internacional De Sociologia, Dec 15, 2020

Financialisation is a structural and incomplete process of change in contemporary economies. The ... more Financialisation is a structural and incomplete process of change in contemporary economies. The growth of the financial system in last few decades has been accompanied by an increasingly complex relationship between socio-economic actors and financial markets. In this paper we analyse the causes and consequences of financialisation regarding: an erosion of the capital-labour relationship; the rise of labour income inequality; and the marketization of daily life and social rights. We review the main conceptualizations of financialisation on various research sites corresponding to the main economic actors, that is: non-financial corporations; the state and individuals; and their complex relationship with financial markets. Our primary objective is to evaluate the contributions and limitations of financialisation studies in these research sites and to identify the main methodological challenges in conceptualising financialisation.

Economic sociology in Europe and North America. An exploration based on a systematic review of the literature

Economic Sociology in Europe., 2023

Financialisation of everyday life: exploring socio economic behaviour in Southern European Countries

EMPIRIA. Revista de metodología de ciencias sociales, 2024

Despite the growing literature on the financialisation of everyday life, studies that empirically... more Despite the growing literature on the financialisation of everyday life, studies that empirically examine the various theoretical approaches to it have been scarce. This paper aims to bridge this gap by analysing the financialisation of individuals' socioeconomic behaviour in Southern Europe. To this effect, we used data from the second wave of the Household Finance and Consumption Survey (HFCS), drawn up by the European Central Bank in 2016. Firstly, we designed an operational model of the financialisation of everyday life based on variables related to individual financial behaviour, household money management, and the perception of economic risk. Secondly, we conducted a Multiple Correspondence Analysis (MCA) combined with a Cluster Analysis (CLA) to study the behaviour of individuals in Spain, Italy, Greece, and Portugal. The results question

The importance of attitudes towards risk to explain indebtedness in Southern European countries

Revista Española de Sociología, 2020

The aim of this paper is to analyse the socio-demographic determinants and individuals’ attitudes... more The aim of this paper is to analyse the socio-demographic determinants and individuals’ attitudes towards risk to explain indebtedness in Southern European countries. This analysis is done within the context of an increasing process of financialization of individual behaviour. We use the Household Finance and Consumption Survey (HFCS), drawn up by the European Central Bank between 2009 and 2011. The methodological plan consists of a combination of a multiple correspondence analyses in order to identify the various household debt models and a logistic regression analysis in order to detect the explanatory variables that best explain the differences between indebtedness models. The main contribution of this paper is the identification of those variables that explain the economic differences in household debt levels. Results are showing a relevant influence of individual attitudes to explain indebtedness in Southern Countries in detriment of sociodemographic variables which are not rel...

Why Money Matters: Debating the Social Construction of Monetary Value and the Concept of Money as Debt

Journal of Economic Issues, 2023

This article evaluates the major gaps in the state of the art regarding the socioeconomic literat... more This article evaluates the major gaps in the state of the art regarding the socioeconomic literature on money. It examines current debates on the ontology of money and the concept of money as debt. It asserts the idea that money is essentially the result of a human cognitive property by means of which we establish a general measure of value that can be applied to valuing things, goods, or services. Money is Money is the institutionalization of an abstract measure of value, not the object being measured, nor a tool for valuation. This article argues that understanding the social nature of money as a social institution is fundamental to comprehending the role it plays in organizing the economy and social life.

The problematic conceptualization of financialisation: differentiating causes, consequences and socio economic actors' financialised behaviour

Revista Internacional De Sociologia, 2020

Financialisation is a structural and incomplete process of change in contemporary economies. The ... more Financialisation is a structural and incomplete process of change in contemporary economies. The growth of the financial system in last few decades has been accompanied by an increasingly complex relationship between socio-economic actors and financial markets. In this paper we analyse the causes and consequences of financialisation regarding: an erosion of the capital-labour relationship; the rise of labour income inequality; and the marketization of daily life and social rights. We review the main conceptualizations of financialisation on various research sites corresponding to the main economic actors, that is: non-financial corporations; the state and individuals; and their complex relationship with financial markets. Our primary objective is to evaluate the contributions and limitations of financialisation studies in these research sites and to identify the main methodological challenges in conceptualising financialisation.

Introduction to the special issue “The social consequences of financialisation: actors, processes and structures of financialised economy in Europe”

Revista Internacional De Sociologia, 2020

Crisis y reestructuración del sistema financiero en España

La importancia del sector de actividad en la financiarización de las empresas. Un análisis multinivel de empresas británicas y españolas

Revista Internacional de Sociología, 2020

A pesar del aumento de la literatura sobre financiarización, la mayoría de las contribuciones no ... more A pesar del aumento de la literatura sobre financiarización, la mayoría de las contribuciones no ofrecen una vinculación satisfactoria de los paradigmas teóricos con los datos empíricos a nivel de empresa. Además, hasta la fecha se han realizado muy pocos estudios sectoriales. El objetivo de este trabajo es cerrar esta brecha estimando la importancia de la afiliación sectorial en la financiarización de las grandes empresas en el Reino Unido y España. Dado que la definición de financiarización suele ser imprecisa y poco clara, comenzamos con una discusión de las limitaciones de los indicadores utilizados en la literatura sobre financiarización. En segundo lugar, construimos un indicador de financiarización basado en un conjunto de datos único, obtenido de los balances y las variables de las cuentas de resultados de las empresas que cotizan en los índices FTSE -100 y del mercado continuo de 2000-2015. Finalmente, y por primera vez en la literatura, hemos aplicado una metodología multi...

El gran carnaval: la responsabilidad social de los media a debate

El Cine Como Prospectiva En La Sociedad Del Riesgo Iv Jornadas Sobre Gestion De Crisis 2011 Isbn 978 84 9749 448 9 Pags 159 172, 2011

The effects of government debt market financialization: The case of Spain

Competition & Change, 2016

The financialization of capitalist economies is closely related to the creation and commercializa... more The financialization of capitalist economies is closely related to the creation and commercialization of debt and its derivatives. This article demonstrates the relationship between the financialization of the government debt market and debt sustainability in Spain between 1996 and 2013. The article shows how the financialization of the Spanish government debt markets has been designed to favour liquidity through debt policy innovations, but on the other hand, it allowed investors to take speculative positions on the market’s perception of default risk. The quick growth of public over indebtedness to finance the government’s deficit and the costs of the financial system aid, produced a lack of credibility for Spanish debt sustainability and the government’s solvency. The article argues that the institutional mechanisms that allowed the transformation of the banking crisis into a sovereign debt crises lie in the micro structure of government debt markets and its degree of financializ...