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dc.contributor.authorKarwowski, Ewa
dc.date.accessioned2018-08-16T00:14:45Z
dc.date.available2018-08-16T00:14:45Z
dc.date.issued2018-08-01
dc.identifier.citationKarwowski , E 2018 , ' Corporate financialization in South Africa : From investment strike to housing bubble ' , Competition and Change , vol. 22 , no. 4 , pp. 413-436 . https://doi.org/10.1177/1024529418774924
dc.identifier.issn1024-5294
dc.identifier.otherPURE: 12797992
dc.identifier.otherPURE UUID: db4767e9-8e65-4f60-8e3d-be6dd35ec1ce
dc.identifier.otherScopus: 85049623895
dc.identifier.urihttp://hdl.handle.net/2299/20408
dc.descriptionThis document is the Accepted Manuscript version. The final, definitive version of this paper has been published in Competition & Change, June 2018, published by SAGE Publishing.
dc.description.abstractThis article reveals the processes of financialization in the South African economy by tracing the sources and destinations of non-financial corporations’ liquidity. The paper argues that rather than the volume of non-financial corporations’ financial investment, the composition of financial assets is crucial to assess corporate financialization in the country. Non-financial businesses in South Africa fundamentally transformed their investment behaviour during the 1990s, shifting from more productive uses such as trade credit towards highly liquid and potentially innovative (and therefore risky) financial investment. Following the direction of financial flows the article shows that companies’ financial operations – fuelled by foreign capital inflows – are linked to the price inflation in South African property markets.en
dc.format.extent24
dc.language.isoeng
dc.relation.ispartofCompetition and Change
dc.rightsOpen
dc.subjectCash holdings
dc.subjectSouth Africa
dc.subjectfinancialization
dc.subjectflow of funds
dc.subjecthousing bubble
dc.subjectinvestment strike
dc.subjectBusiness, Management and Accounting(all)
dc.titleCorporate financialization in South Africa : From investment strike to housing bubbleen
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionOrganisation, Markets and Policy Research Group
dc.description.statusPeer reviewed
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85049623895&partnerID=8YFLogxK
dc.relation.schoolHertfordshire Business School
dc.description.versiontypeFinal Accepted Version
dcterms.dateAccepted2018-08-01
rioxxterms.versionSMUR
rioxxterms.versionAM
rioxxterms.versionofrecordhttps://doi.org/10.1177/1024529418774924
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeOpen


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