What is it about?
This article is about the financialization of a very important productive sector, the automotive industry, each time more dominated by big groups of financial institutions, like banks and investment funds.
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Why is it important?
Because the presence of financial groups of investors in the carmakers changes the strategies of the firms, and this influences directly in the people´s life, in terms of salary, employment and others socio-economic dimensions.
Perspectives
I hope that this article may help people to understand better the real numbers about the automotive sector. And they may, with this knowledge, make propositions to the improvement of the situation of all affected by financialization process.
Marcelo do Carmo
Universidade Federal de Sao Carlos
Read the Original
This page is a summary of: Financialization in the Automotive Industry: Shareholders, Managers, and Salaries, Journal of Economic Issues, July 2019, Taylor & Francis,
DOI: 10.1080/00213624.2019.1646609.
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