WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 12, 2015
Environmental Pressures, Organizational Relationships and the Wealth Financialization Phenomenon
Author: Andréia Ribeiro Da Luz
Abstract: This article aims to analyse how the inter-organizational relationships influence the adoption of practices for the allocation of financial resources by manufacturing industries in face of environmental pressures. The wealth financialization phenomenon was chosen using the practices of financial resources allocation to investigate if it is present in organizations. This research is both a qualitative and quantitative study of descriptive-exploratory nature, in which we considered information belonging to 110 Small and Medium processing industries in the State of Parana (southern Brazil) in period of 2013. The study is based on concepts developed in the Sociological Institutional Theory and Economic Sociology. The results suggest that the process of financialization of wealth as recurring phenomenon in the literature, in particular in the Economy, is still incipient in Brazil and is not institutionalized for small and medium-sized enterprises researched in this work, which ended up being shown in ’intention to’.
Keywords: Economy, Finance, Inter-organizational Relationships, Financialization of wealth
Pages: 377-387WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 12, 2015, Art. #35