|
Books > Business & Economics > Industry & industrial studies
|
Buy Now
Corporate Financialization - An Economic Sociology Perspective (Hardcover)
Loot Price: R4,109
Discovery Miles 41 090
|
|
|
Corporate Financialization - An Economic Sociology Perspective (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
|
The economic process of financialization is defined by many as the
development of the dependence and subordination of the productive
sector to the financial sector. Leading to an emphasis on
maximizing shareholder value above all else, the financialization
of the economy and production has an enormous impact on the
everyday life of ordinary people including the erosion of
employment right, the rise of precarious work, and rising
inequalities. Using multicase study research and an exploratory
approach, this book analyzes the financialization process in the
ten companies with the highest market capitalization worldwide
including tech firms, oil companies and banks. This book analyzes
indicators of financialization in large corporations including a
comparison between profitability sources; shareholding structure,
acquisitions and sales of shares; mergers and acquisitions; the
origins of directors; payment of compensation to executives;
dividend payments to shareholders and stock repurchases; employee
salaries; and employment levels. The data demonstrates that what
would once have been considered non-core business activities have
become more profitable than core business activities in many of
these companies. In some cases, these companies are responsible for
large investment funds and financial-type institutions which
already surpass the largest banks in terms of assets under
management. Meanwhile, the average salaries at some of these
companies have been falling in real terms due to the rise of
outsourcing and the use of cheap or precarious labour. Adopting an
economic sociology approach, this book marks a significant
contribution to the literature on financialization in economics,
sociology and business.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
