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Elites économiques : à qui profite la financiarisation ?

Abstract : The earnings of the ceos of the major firms (and of the traders) have hugely increased since the 1990s, leading to scandals and the implementation of codes of good conduct. These increases have been justified by the allegedly fierce competition for the recruitment of ceos, but also by the notion that their interests would be aligned on the interests of their companies’ shareholders—which is denied by all the available empirical studies. Financialization has thus allowed bosses to increase their earnings without really reducing their autonomy. The governance reforms have in the end contributed to the inflation of earnings.
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Submitted on : Friday, February 19, 2021 - 4:06:14 PM
Last modification on : Tuesday, November 2, 2021 - 11:56:08 AM

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Pierre Francois, Claire Lemercier. Elites économiques : à qui profite la financiarisation ?. Pouvoirs - Revue française d’études constitutionnelles et politiques, Le Seuil, 2017, 2 (161), pp.85 - 95. ⟨10.3917/pouv.161.0085⟩. ⟨hal-01520613v2⟩

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