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Wealth Financialization: Operating Profit as Conditioning of Financial Revenue

Author

Listed:
  • Andréia Ribeiro Da Luz
  • Jackson Teixeira Bittencourt
  • Tainari Taioka

Abstract

Objective. Due to the deregulation of the financial market in 80s decade, the financialization of wealth has become a globalized systemic pattern, giving companies greater access to financial innovations. In view of the above, the objective is to analyze whether the appreciation of capital through the financial system is preferred over the capital appreciation through production. Methodology. This is a descriptive research slitting with cross-sectional perspective, in which we considered information belonging to 106 listed non-financial companies in Brazil (2004–2012). Findings. This study suggests that operating income influences financial income positively. Limitations. The study includes just industrial sector companies in a specific period. Originality/Value. We discuss measuring instruments for analyzing the wealth financialization as a condition of operating profit gains from the financial market.

Suggested Citation

  • Andréia Ribeiro Da Luz & Jackson Teixeira Bittencourt & Tainari Taioka, 2015. "Wealth Financialization: Operating Profit as Conditioning of Financial Revenue," Journal of Financial Innovation, IBRIF - Instituto Brasileiro de Inovação Financeira, vol. 1(1), pages 1-5.
    • Handle: RePEc:jfi:journl:v:1:y:2015:i:1:p:5
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