IMPACTOS DA FINANCEIRIZAÇÃO NO TRABALHO EM EMPRESAS DE CAPITAL ABERTO

Authors

  • Marcelo Proni Instituto de Economia da UNICAMP
  • Pietro Borsari Instituto de Economia da UNICAMP

DOI:

https://doi.org/10.61999/abet.1676-4439.2024v23n1.70500

Abstract

The adoption of a business management model focused on short-term financial results has impacts on employment and labor relations in publicly listed companies. The mantra of maximizing shareholder value, spread by the prophets of corporate governance, establishes standards, evaluation criteria and its own vocabulary derived from finance. The deleterious effects on workers include: wage restraint, job insecurity, outsourced jobs, variable pay, exacerbated competition between employees and illness due to depression. This management model also undermines the work of trade unions, among other reasons because it reinforces individual demands to the detriment of collective struggles. The aim of this article is to analyze the adoption of this model in Brazil. The cases of Vale and Petrobras (the national corporations with the highest market value) exemplify how the maximization of shareholder power has conditioned corporate strategy in the labor and union areas in the country.

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Published

2024-07-02

How to Cite

Proni , M. ., & Borsari , P. . (2024). IMPACTOS DA FINANCEIRIZAÇÃO NO TRABALHO EM EMPRESAS DE CAPITAL ABERTO. Revista Da ABET, 23(1). https://doi.org/10.61999/abet.1676-4439.2024v23n1.70500