La logique financiaro-rentière des sociétés transnationales

Claude Serfati
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Claude Serfati: IRES, Noisy-le-Grand

European Journal of Economic and Social Systems, 2011, vol. 24, issue 1-2, 153-178

Abstract: A basic hypothesis of this paper is that TNCs constitute a category of their own, based upon a centralisation of financial assets and a specific organisational structure (with the core role held by the holding company). TNCs can be defined as financial groups with industrial activities. Their business model has been deeply reshaped, as regards both their strategy and the management of their assets. Intangible assets, which make up the bulk of large TNCs’ stock capitalization, are analysed in this paper with the concept of goodwill (Veblen) and fictitious capital (Marx).

Keywords: transnational companies; rent; intangible assets; goodwill; Marx; Veblen (search for similar items in EconPapers)
JEL-codes: B51 D23 F23 P12 (search for similar items in EconPapers)
Date: 2011
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