The "financialized" structure of automobile corporations in the 2000s
Roberto Alexandre Zanchetta Borghi, Fernando Sarti, Marcos Antonio Macedo Cintra
ARTIGO
Inglês
[The financialized structure of automobile corporations in the 2000s]
Agradecimentos: The authors wish to thank the São Paulo Research Foundation (Fapesp), Brazil, for the scholarship given to support the Master’s dissertation of Roberto A. Z. Borghi supervised by Fernando Sarti, from which this article was originated
Abstract: Important changes in the economic system, both in productive and financial dimensions, have been observed since the 1970s, pointing to a growing capital mobility and a stronger presence of finance within the logic of non-financial corporations. This article aims to analyze this increasing...
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Abstract: Important changes in the economic system, both in productive and financial dimensions, have been observed since the 1970s, pointing to a growing capital mobility and a stronger presence of finance within the logic of non-financial corporations. This article aims to analyze this increasing role of finance in the dynamics of automobile companies. Data from annual financial statements of selected carmakers (Daimler, Fiat, Ford, General Motors, Honda, Hyundai, Toyota and Volkswagen) between 2000 and 2009 are considered, in order to verify the occurrence of a "financialization" movement in this industry. From the analysis, a clear movement towards a more "financialized" pattern of the carmakers’ structure could be observed, although there were notable differences among groups according to corporate dependence upon activities from the financial segment and the degree of exposure of their financial structures
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FUNDAÇÃO DE AMPARO À PESQUISA DO ESTADO DE SÃO PAULO - FAPESP
Aberto
The "financialized" structure of automobile corporations in the 2000s
Roberto Alexandre Zanchetta Borghi, Fernando Sarti, Marcos Antonio Macedo Cintra
The "financialized" structure of automobile corporations in the 2000s
Roberto Alexandre Zanchetta Borghi, Fernando Sarti, Marcos Antonio Macedo Cintra
Fontes
World review of political economy (Fonte avulsa) |