Financialisation in the automotive industry capital and labour in contemporary society / Marcelo Jos©♭ do Carmo, M©Łrio Sacomano Neto and Julio Cesar Donadone.
| Author/creator | Do Carmo, Marcelo Jos©♭, 1973- |
| Other author | Sacomano Neto, M©Łrio. |
| Other author | Donadone, Julio Cesar. |
| Format | Electronic |
| Edition | 1 Edition. |
| Publication Info | New York, NY : Routledge, 2022. |
| Description | pages cm. |
| Supplemental Content | Full text available from Taylor & Francis eBooks |
| Subjects |
| Series | Routledge frontiers of political economy |
| Abstract | "Where presidents or members of affluent families were previously seen, it is increasingly the case that car manufacturers are owned by banks and investment funds which have taken control of the entire economic life of these firms. This has significant impact on the terms of employment and layoffs, wages and precarious work, growing inequalities in income strata, compensation levels for executives, and the implementation of short-termist strategies across business operations. This book explores this increasing financialization - the predominance of the financial sector over the productive sector - in the automotive industry. In particular it is shown that the financial operations of these companies through leasing, insurance, loans, and other financial instruments is now much more profitable than the manufacturing aspects of the business, which was originally the raison d'©®tre for these firms. The chapters demonstrate how there are great demands to increase the return to shareholders as a main concern, despite other metrics and/or other stakeholders. The work studies the impact of financialization at the world's five largest automakers which together represent almost 50% of car production, providing an exploratory analysis of profitability, shareholder composition, compensation to executives, workers' salaries, dividend payments to shareholders, and employment. Encouraging debate on contemporary economy, this book marks a significant addition to the literature on financialization, contemporary forms of capitalism, labour and economic sociology more broadly. Marcelo Jos©♭ do Carmo has a PhD in Production Engineering at the Federal University of S©Đo Carlos, S©Đo Paulo, Brazil. M©Łrio Sacomano Neto is an Associated Professor of Organizational Theory at Federal University of Sao Carlos, UFSCar, Brazil. Julio Cesar Donadone is currently Full Professor at the Federal University of S©Đo Carlos, Brazil, and coordinator of the Center of Studies on Economic Sociology and Finance NESEFI -UFSCar"-- Provided by publisher. |
| Bibliography note | Includes bibliographical references and index. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2021014379 |
| ISBN | 9780367751395 (hardback) |
| ISBN | 9780367751401 (paperback) |
| ISBN | (ebook) |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |