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