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Finance industry prominence: causes and consequences

In: The Financialization of the Firm

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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.

Suggested Citation

  • ., 2015. "Finance industry prominence: causes and consequences," Chapters, in: The Financialization of the Firm, chapter 3, pages 60-104, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15929_3
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