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Financial Concentration And Power Groups: Evidence From City Of Cuenca - Ecuador La Concentracion Financiera Y Los Grupos De Poder: Evidencias En La Ciudad De Cuenca - Ecuador

Author

Listed:
  • Luis Tobar Pesantez
  • Santiago Solano Gallegos

Abstract

In Ecuador, as in most Latin American countries, the concentration of income and wealth are a recurring phenomenon, frequently supported by economic policy measures designed to benefit certain minority groups linked to the political leaders of the moment. Historically, the merger between banking and corporate sectors has been a key factor in this phenomenon. In the majority of the cases, economic power groups have obtained financial support to leverage their growth. This trend is reflected in the private sector where a smaller group of companies increasingly generates greater incomes. This research aims to analyze correlation between credit offered by the financial system and incomes generated by production units in the city of Cuenca

Suggested Citation

  • Luis Tobar Pesantez & Santiago Solano Gallegos, 2017. "Financial Concentration And Power Groups: Evidence From City Of Cuenca - Ecuador La Concentracion Financiera Y Los Grupos De Poder: Evidencias En La Ciudad De Cuenca - Ecuador," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 10(3), pages 81-90.
    • Handle: RePEc:ibf:riafin:v:10:y:2017:i:3:p:81-90
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    More about this item

    Keywords

    Credit; Concentration; Power Groups; Productive Sector; Financial System;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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