La financiarisation de la grande distribution. Restructuration de l’actionnariat et déclin économique du groupe Carrefour (1999-2013)

Marlène Benquet and Cédric Durand

Revue française de socio-Economie, 2016, vol. n° 16, issue 1, 37-59

Abstract: This article explores the contemporary transformations of the modern retailing sector through a study of the trajectory of Carrefour group during the first decade of the 21st century. We adopt a financialisation perspective. We show how a restructuring of stock ownership has fuelled a new profit strategy, which has negatively impacted the operations, the wage-labour nexus and the relations with stakeholders. The analysis is based on descriptive financial and operational statistics and semi-structured interviews of top managers, managers and workers of Carrefour.

Keywords: financialization; shareholder value; wage-labour nexus; corporate governance; Carrefour (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cai:rfsdec:rfse_016_0037

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