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Full-Text Articles in Social and Behavioral Sciences
Financialization Of The Commodities Futures Markets And Its Effects On Prices, Manisha Pradhananga
Financialization Of The Commodities Futures Markets And Its Effects On Prices, Manisha Pradhananga
Doctoral Dissertations
After declining for almost three decades, the food price index of the Food and Agricultural Organization (FAO) rose by 90 percent between January 2002 and June 2008. Besides the magnitude, the rise in prices was remarkable for its breadth, affecting a broad range of commodities including agricultural (wheat, corn, soybeans, cocoa, coffee), energy (crude oil, gasoline), and metals (copper, aluminum). According to the US Department of Agriculture, this price spike was responsible for increasing the number of malnourished people by 80 million. These dramatic developments in prices coincided with a rapid inflow of investment into the commodities futures market -- …
The Financialization Of The Nonfinancial Corporation In The Post-1970 U.S. Economy, Leila Emami Davis
The Financialization Of The Nonfinancial Corporation In The Post-1970 U.S. Economy, Leila Emami Davis
Doctoral Dissertations
This dissertation analyzes the financialization of nonfinancial corporations (NFCs), emphasizing changes in firm-level financial behavior in the post-1970 U.S. economy. The dissertation consists of four essays. These essays ask what is the financialization of NFCs, explore why NFCs have ‘financialized’, and evaluate the implications for fixed investment behavior. Chapter 2 lays out a simple stylized framework describing firm-level portfolio choice and utilizes this framework to analyze the implications of increasing NFC involvement in the provision of financial services, increasingly entrenched shareholder value norms, and rising firm-level demand volatility for NFC financial structure. By articulating underlying determinants of firm-level portfolio and …