FINANCIAL CONCENTRATION AND POWER GROUPS: EVIDENCE FROM CITY OF CUENCA - ECUADOR LA CONCENTRACION FINANCIERA Y LOS GRUPOS DE PODER: EVIDENCIAS EN LA CIUDAD DE CUENCA - ECUADOR

Luis Tobar Pesantez and Santiago Solano Gallegos

Revista Internacional Administracion & Finanzas, 2017, vol. 10, issue 3, 81-90

Abstract: In Ecuador, as in most Latin American countries, the concentration of income and wealth are a recurring phenomenon, frequently supported by economic policy measures designed to benefit certain minority groups linked to the political leaders of the moment. Historically, the merger between banking and corporate sectors has been a key factor in this phenomenon. In the majority of the cases, economic power groups have obtained financial support to leverage their growth. This trend is reflected in the private sector where a smaller group of companies increasingly generates greater incomes. This research aims to analyze correlation between credit offered by the financial system and incomes generated by production units in the city of Cuenca

Keywords: Credit; Concentration; Power Groups; Productive Sector; Financial System (search for similar items in EconPapers)
JEL-codes: D21 E01 E51 G20 G32 L11 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v10n3-2017/RIAF-V10N3-2017-7.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:10:y:2017:i:3:p:81-90

Access Statistics for this article

Revista Internacional Administracion & Finanzas is currently edited by Terrance Jalbert

More articles in Revista Internacional Administracion & Finanzas from The Institute for Business and Finance Research
Bibliographic data for series maintained by Mercedes Jalbert ( this e-mail address is bad, please contact ).