On the Financialisation of Business Strategies
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 ou...
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Published in | Rethinking Finance in the Face of New Challenges Vol. 15; pp. 71 - 84 |
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Main Author | |
Format | Book Chapter |
Language | English |
Published |
Emerald Publishing Limited
25.10.2021
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Subjects | |
Online Access | Get full text |
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Summary: | 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). |
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ISBN: | 1801177899 9781801177894 |
ISSN: | 2043-9059 |
DOI: | 10.1108/S2043-905920210000015015 |