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Sugar-energy sector's financialization strategies in Brazil.

Authors :
Faria dos Santos, Henrique
Source :
Revista NERA. Jan-Mar2024, Vol. 27 Issue 1, p1-22. 22p.
Publication Year :
2024

Abstract

This article aims to discuss the several financialization strategies used by sugarcane industry in Brazil, such as banking credit acquisitions, issuance of debt securities, IPO on the stock exchange and speculation in the commodities market. In recent years, agents of the sugarcane sector have been increasingly to access different ways of capitalization to inflate their assets and make productive and speculative investments. The context is part of the hegemony of financial capital over the political economy of the market and large firms, resulting in growing influence on corporate decisions. Thus, it is observed that globalized agribusiness is one of the economic activities that has been having narrow relations with the financial agents to expand the process of capital accumulation, increasing even more the investors' wealth levels. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
18066755
Volume :
27
Issue :
1
Database :
Academic Search Index
Journal :
Revista NERA
Publication Type :
Academic Journal
Accession number :
174591751
Full Text :
https://doi.org/10.47946/rnera.v27i1.9729