What is financialization?

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Chapter 2 in The Financialization of the Firm, 2015, pp 19-59 from Edward Elgar Publishing

Abstract: The term ‘financialization’ denotes the general tendency in the advanced Western economies to allow a substantial proportion of taxable profits to accumulate in the finance industry. Alexander Styhre discusses the financialization of the firm in the period after 1980 and stresses how key managerial activities have been redefined on the basis of finance theory and free-market ideologies. This book critically examines the literature and the implications of financialization for organizations and the economy as a whole.

Keywords: Business and Management; Social Policy and Sociology (search for similar items in EconPapers)
Date: 2015
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