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Today´s connected world allows people to gather information in shorter intervals than ever before, widely monitored by massive online data sources. As a dramatic economic event, recent financial crisis increased public interest for large companies considerably. In this paper, we exploit this change in information gathering behavior by utilizing Google query volumes as a "bad news" indicator for each corporation listed in the Standard and Poor´s 100 index. Our results provide not only an investment strategy that gains particularly in times of financial turmoil and extensive losses by other market participants, but reveal new sectoral patterns between mass online behavior and (bearish) stock market movements. Based on collective attention shifts in search queries for individual companies, hence, these findings can help to identify early warning signs of financial systemic risk. However, our disaggregated data also illustrate the need for further efforts to understand the influence of collective attention shifts on financial behavior in times of regular market activities with less tremendous changes in search volumes.

Education entails conflicting perspectives about its subject matter. In the late 1980s, the conflict developed into a war between interpretive and causal paradigms. Did the confrontation result in a balance between these warring sides? We use text analysis to identify research trends in 137,024 dissertation abstracts from 1980 to 2010 and relate these to students’ academic employment outcomes. Topics associated with the interpretive approach rose in popularity, while the outcomes-oriented paradigm declined. Academic employment remained stably associated with topics in the interpretive approach, but their effect is moderated by the prestige of the students’ institutions. The relation between topic popularity and employability provides insight into field change and how the benefits of cultural shifts fall along the lines of institutional power.

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Zusammenfassung Wir schlagen eine feldtheoretische Erweiterung der HabitusFeldtheorie auf die Ebene der Weltgesellschaft vor. Zu diesem Zweck analysieren wir einen integrierten Datensatz auf Länderebene (n = 181 Staaten) aus verschiedenen Feldern mit Hilfe einer multiplen Faktorenanalyse. Wir zeigen, dass das globale Feld der Macht über zwei Dimensionen beschrieben werden kann: Meta-Kapital und interne Funktionalität. Insbesondere die Dimension der internen Funktionalität von Staaten kann dabei einen wertvollen analytischen Bezugsrahmen für die vergleichende (Umfrage-)Forschung liefern.Abstract We propose a field-theoretical elaboration of the habitus-field-theory towards the level of the 'world-society'. For this purpose we analyze an integrated data set from different social fields on country level (n = 181 countries) applying multiple factor analysis. We demonstrate that the global field of power can be described by two dimensions: meta-capital and internal functionality. Especially internal functionality can provide a valuable analytical frame of reference for comparative (survey) research.