The importance of the business sector of activity in financialisation. A multilevel analysis of British and Spanish corporations

  1. Massó, Matilde 1
  2. Bruna, Fernando 1
  1. 1 Universidade da Coruña, España
Revista:
Revista internacional de sociología

ISSN: 0034-9712

Año de publicación: 2020

Título del ejemplar: Las consecuencias sociales de la financiarización: actores, procesos y estructuras de la economía financiarizada en Europa

Volumen: 78

Número: 4

Tipo: Artículo

DOI: 10.3989/RIS.2020.78.4.M20.002 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Revista internacional de sociología

Objetivos de desarrollo sostenible

Resumen

A pesar del aumento de la literatura sobre financiarización, la mayoría de las contribuciones no ofrecen una vinculación satisfactoria de los paradigmas teóricos con los datos empíricos a nivel de empresa. Además, hasta la fecha se han realizado muy pocos estudios sectoriales. El objetivo de este trabajo es cerrar esta brecha estimando la importancia de la afiliación sectorial en la financiarización de las grandes empresas en el Reino Unido y España. Dado que la definición de financiarización suele ser imprecisa y poco clara, comenzamos con una discusión de las limitaciones de los indicadores utilizados en la literatura sobre financiarización. En segundo lugar, construimos un indicador de financiarización basado en un conjunto de datos único, obtenido de los balances y las variables de las cuentas de resultados de las empresas que cotizan en los índices FTSE -100 y del mercado continuo de 2000-2015. Finalmente, y por primera vez en la literatura, hemos aplicado una metodología multinivel para estudiar las similitudes entre los patrones sectoriales estimados para España y Reino Unido. Los resultados preliminares revelan una influencia relevante del sector empresarial en la variabilidad del indicador de financiarización. El artículo propone una nueva agenda de investigación teórica y metodológica para analizar la financiarización.

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Información de financiación

This project has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No 746622, and the project “Social consequences of financialisation: monetary accumulation, lack of employment, social inequality” funded by the Ministry of the Economy and Com petitiveness- Government of Spain, AEI/FEDER, UE, reference number: CSO2016-78122-R.

Financiadores

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