@misc{Ząbkowicz_Anna_The_2009,
 author={Ząbkowicz, Anna},
 year={2009},
 rights={Wszystkie prawa zastrzeżone (Copyright)},
 description={Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2009; Nr 59, s. 475-483},
 publisher={Publishing House of the Wrocław University of Economics},
 language={eng},
 abstract={The phenomenon of financialization of non-financial corporations has been widely observed in the US economy since the 1980s and since the 1990s in some European economies as well. This is as a pattern of accumulation in which profits accrue primarily through financial channels rather than through trade and commodity production [Krippner 2005, p. 181]. “Financial” here refers to activities relating to the provision (or transfer) of liquid capital in expectation of future interest, dividends, or capital gains. There is a range of research that points to the increasing salience of finance in the economy [Brenner 2002; Epstein (ed.) 2005]. The literature addressing the problem with reference to firms tends to focus either on organizational developments with strong link to shareholder view in corporate governance [Lazonick, O’Sullivan 2000; Williams 2000], or on activities inside financial markets [Phillips 2002]. This paper deals with the financialization from the perspective of institutional economics. This means an approach broader than a mere “technical” analysis of corporate balance sheets, which aims to identify relation between such corporate behaviour and the nature of contemporary economy, described by a range of social science research since the 1980s. (fragment tekstu)},
 type={artykuł},
 title={The institutional context of financialization},
}