Finanziarizzazione delle imprese e disuguaglianze
The contemporary dynamics of inequality are connected rather to the imbalances in the distribution of income “at its source” than to the eneffectiveness of the redistribution devices. This paper shows that the processes of financialization of firms – i.e. the tendency of firms to pursue financial ac...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Rosenberg & Sellier
2018-03-01
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| Series: | Quaderni di Sociologia |
| Online Access: | https://journals.openedition.org/qds/1850 |
| _version_ | 1797309078063546368 |
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| author | Angelo Salento Alessandra Tafuro |
| author_facet | Angelo Salento Alessandra Tafuro |
| author_sort | Angelo Salento |
| collection | DOAJ |
| description | The contemporary dynamics of inequality are connected rather to the imbalances in the distribution of income “at its source” than to the eneffectiveness of the redistribution devices. This paper shows that the processes of financialization of firms – i.e. the tendency of firms to pursue financial accumulation strategies, or anyway to pursue the maximization of return on capital for investors in the short term – enrich financial and managerial elites, whilst they trigger a decline of wages. The empirical analysis, specifically referred to the Italian case, considers both the accumulation strategies of large non-financial firms, and the effects of the “short-termist turn” of economic players in the foundational economy. |
| first_indexed | 2024-03-08T01:21:01Z |
| format | Article |
| id | doaj.art-5d3679a298774a3fae285266fb9994cb |
| institution | Directory Open Access Journal |
| issn | 0033-4952 2421-5848 |
| language | English |
| last_indexed | 2024-03-08T01:21:01Z |
| publishDate | 2018-03-01 |
| publisher | Rosenberg & Sellier |
| record_format | Article |
| series | Quaderni di Sociologia |
| spelling | doaj.art-5d3679a298774a3fae285266fb9994cb2024-02-14T14:25:04ZengRosenberg & SellierQuaderni di Sociologia0033-49522421-58482018-03-0176113310.4000/qds.1850Finanziarizzazione delle imprese e disuguaglianzeAngelo SalentoAlessandra TafuroThe contemporary dynamics of inequality are connected rather to the imbalances in the distribution of income “at its source” than to the eneffectiveness of the redistribution devices. This paper shows that the processes of financialization of firms – i.e. the tendency of firms to pursue financial accumulation strategies, or anyway to pursue the maximization of return on capital for investors in the short term – enrich financial and managerial elites, whilst they trigger a decline of wages. The empirical analysis, specifically referred to the Italian case, considers both the accumulation strategies of large non-financial firms, and the effects of the “short-termist turn” of economic players in the foundational economy.https://journals.openedition.org/qds/1850 |
| spellingShingle | Angelo Salento Alessandra Tafuro Finanziarizzazione delle imprese e disuguaglianze Quaderni di Sociologia |
| title | Finanziarizzazione delle imprese e disuguaglianze |
| title_full | Finanziarizzazione delle imprese e disuguaglianze |
| title_fullStr | Finanziarizzazione delle imprese e disuguaglianze |
| title_full_unstemmed | Finanziarizzazione delle imprese e disuguaglianze |
| title_short | Finanziarizzazione delle imprese e disuguaglianze |
| title_sort | finanziarizzazione delle imprese e disuguaglianze |
| url | https://journals.openedition.org/qds/1850 |
| work_keys_str_mv | AT angelosalento finanziarizzazionedelleimpreseedisuguaglianze AT alessandratafuro finanziarizzazionedelleimpreseedisuguaglianze |