Biblioteca Digital de VanguardiaThe dynamics of financial capital: a comparative study of Great Britain and Japan
The article sets out to compare the dynamics of the links between banks and industry in two developed countries: Great Britain and Japan. Four propositions are examined: there is a tendency towards linking financial and non-financial firms, linking manifests itself organisationally as financial gro...
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | Español |
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Universidad del Pacífico
1989
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| Acceso en línea: | https://revistas.up.edu.pe/index.php/apuntes/article/view/283 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52614 |
| _version_ | 1782336215850156032 |
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| author | Alcorta, Ludovico |
| author_facet | Alcorta, Ludovico |
| author_sort | Alcorta, Ludovico |
| collection | Repositorio |
| description | The article sets out to compare the dynamics of the links between banks and industry in two developed countries: Great Britain and Japan. Four propositions are examined: there is a tendency towards linking financial and non-financial firms, linking manifests itself organisationally as financial groups, banks are in a dominant position, and that linking leads to a growing monopolisation of the economy. Our data shows that, in both countries, there has been a tendency towards closer links between financial and non-financial firms, but only in the Japanese case one can speak of the existence of financial groups. Available information questioned the domination of productive enterprises by banks in both countries. Finally, we also found that closer bonds between banks and industry led to an increasing monopolisation of both economies, although in the Japanese case this was the result of man financial groups policy of positioning in key markets, while in the British one it resulted from banks financing for mergers and takeovers. The article ends with some thoughts on the applicability of the theory of finance capital to the British case. |
| format | info:eu-repo/semantics/article |
| id | clacso-CLACSO52614 |
| institution | CLACSO, Repositorio Digital |
| language | Español |
| publishDate | 1989 |
| publisher | Universidad del Pacífico |
| record_format | greenstone |
| spelling | clacso-CLACSO526142022-03-17T18:47:45Z The dynamics of financial capital: a comparative study of Great Britain and Japan La dinámica del capital financiero: un estudio comparativo de Gran Bretaña y Japón Alcorta, Ludovico The article sets out to compare the dynamics of the links between banks and industry in two developed countries: Great Britain and Japan. Four propositions are examined: there is a tendency towards linking financial and non-financial firms, linking manifests itself organisationally as financial groups, banks are in a dominant position, and that linking leads to a growing monopolisation of the economy. Our data shows that, in both countries, there has been a tendency towards closer links between financial and non-financial firms, but only in the Japanese case one can speak of the existence of financial groups. Available information questioned the domination of productive enterprises by banks in both countries. Finally, we also found that closer bonds between banks and industry led to an increasing monopolisation of both economies, although in the Japanese case this was the result of man financial groups policy of positioning in key markets, while in the British one it resulted from banks financing for mergers and takeovers. The article ends with some thoughts on the applicability of the theory of finance capital to the British case. El artículo busca comparar la dinámica de la vinculación banca - industria en dos países desarrollados: Gran Bretaña y Japón. Cuatro proposiciones son examinadas: que existe una tendencia hacia la vinculación de empresas financieras y no financieras, que esta vinculación se manifiesta organizativamente en grupos financieros, que los bancos están en una posición dominante y que las vinculaciones banca-industria conducen a una creciente monopolización de la economía. Los datos recogidos para ambos países muestran que, efectivamente, se han estrechado los lazos de la existencia de grupos financieros. La información disponible también puso en duda el dominio de los bancos sobre las empresas productivas en ambos países. Finalmente, también encontramos que el estrechamiento de las relaciones banca-industria condujo a una creciente monopolización de ambas economías, aunque en el caso japonés ello fue el resultado de la política de los grupos financieros principales de posicionarse en los mercados más importantes, mientras que en el caso británico resultó del apoyo financiero que los bancos otorgaron para adquisiciones y fusiones. El artículo termina con algunas reflexiones sobre la aplicabilidad de la teoría del capital financiero al caso británico. 1989-12-14 2022-03-17T18:47:45Z 2022-03-17T18:47:45Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://revistas.up.edu.pe/index.php/apuntes/article/view/283 10.21678/apuntes.24.283 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52614 spa https://revistas.up.edu.pe/index.php/apuntes/article/view/283/285 Derechos de autor 2017 Apuntes http://creativecommons.org/licenses/by/4.0 application/pdf Universidad del Pacífico Apuntes. Social Sciences Journal; Apuntes 24; 3-44 Apuntes. Revista de ciencias sociales; Apuntes 24; 3-44 2223-1757 0252-1865 |
| spellingShingle | Alcorta, Ludovico The dynamics of financial capital: a comparative study of Great Britain and Japan |
| title | The dynamics of financial capital: a comparative study of Great Britain and Japan |
| title_full | The dynamics of financial capital: a comparative study of Great Britain and Japan |
| title_fullStr | The dynamics of financial capital: a comparative study of Great Britain and Japan |
| title_full_unstemmed | The dynamics of financial capital: a comparative study of Great Britain and Japan |
| title_short | The dynamics of financial capital: a comparative study of Great Britain and Japan |
| title_sort | dynamics of financial capital: a comparative study of great britain and japan |
| url | https://revistas.up.edu.pe/index.php/apuntes/article/view/283 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52614 |