To read this content please select one of the options below:

On the Financialisation of Business Strategies

Rethinking Finance in the Face of New Challenges

ISBN: 978-1-80117-789-4, eISBN: 978-1-80117-788-7

Publication date: 25 October 2021

Abstract

The purpose of this chapter is to study corporate strategies and their evolution over the last few decades (1970–2020). The strategic issues are examined through the lens of the following activities: portfolio scope (diversification versus specialisation), structuring (integration versus outsourcing) and financing, debt-related policies (leverage) and equity (dilution versus relution). The financialisation of corporate strategies is evident at various levels (specialisation, outsourcing, leverage, relution) to the detriment of the other stakeholders concerned. It weakens the latter and calls for stronger regulation of the financial markets (particularly share buyback operations).

Keywords

Citation

Pérez, R. (2021), "On the Financialisation of Business Strategies", Bourghelle, D., Pérez, R. and Rozin, P. (Ed.) Rethinking Finance in the Face of New Challenges (Critical Studies on Corporate Responsibility, Governance and Sustainability, Vol. 15), Emerald Publishing Limited, Leeds, pp. 71-84. https://doi.org/10.1108/S2043-905920210000015015

Publisher

:

Emerald Publishing Limited

Copyright © 2021 Roland Pérez. Published under exclusive licence by Emerald Publishing Limited