The unique development of non-financial corporations in Latin America
Noemi Levy-Orlik and
Jorge Alonso Bustamante-Torres
Chapter 6 in Capital Movements and Corporate Dominance in Latin America, 2021, pp 89-105 from Edward Elgar Publishing
This chapter discuss the impact of international capital movements on non-financial corporations, analysing the volume and composition of Foreign Direct Investment (FDI) and highlighting its effects on Latin American and Caribbean (LAC) economies and the organisation of non-financial corporations originated in the region (termed multilatinas), in order to compare overcapitalisation practices with those of multinationals based in developed countries. We show that multilatinasâ€™ overcapitalisation practices rely on variety of forms that have transformed their growth and indebtedness strategy in such way, producing a falling tendency on fixed investment, and a mix up between falling profits and deterioration of solvency indicators, this situation bounds the continuity of this particular trend of multilatinasÂ´ overcapitalisation process.
Keywords: Development Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20026_6
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