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Institute correspondence ownership and economic power

Journal: Social Economics (Vol.1, No. 2)

Publication Date:

Authors : ;

Page : 32-39

Keywords : absentee owner; sabotage; finance; institutional investors; economic power;

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Abstract

The article highlights presence and the possibility of implementing economic power of the financial sector in today's economy. Theoretical framework is the Veblen's conflict between the goals and interests of business and industry. This contradiction embodied in the institution of absentee ownership and absentee owners' control of the real economy. The institutional investors' constraint opportunities and control over the real sector is considered in case of the ownership of the largest banks and non-financial corporations

Last modified: 2017-03-21 19:20:09