Coping with a crisis: business interest group coalitions in the wake of the financial crisis

Abstract

The global financial crisis resulted in a re-examination of the business sector as a whole and its lobbying activity. Nevertheless, research has not analysed the impact that the global financial crisis had on the coalitions within the business interest group community. This article describes in detail how coalitions within the business interest group community have emerged in the aftermath of the global financial crisis. I focus my attention on the Swiss case because of the importance of its financial sector as well as its neo-corporatist system. The empirical approach consists of a process tracing on three policy areas: financial regulation, tax policy and corporate governance, which is elaborated through an extensive document analysis and 28 in-depth interviews. The advocacy coalition framework is used to analyse business interest groups’ beliefs. The findings suggest that different beliefs materialise, especially in the field of financial regulation and partially in tax policy.