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How IFRS Contribute to the Financialization of Capitalism

  • Eve ChiapelloEmail author
Chapter

Abstract

The contribution of IFRS to the process of financialization of capitalism can be analysed from several angles. We first propose two meanings that can be assigned to the concept of financialization: first as a process of morphological transformation of capitalism, and second as a gradual colonisation by specific “financialised” techniques and calculation methods. We then show that in many respects IFRS can be regarded as “financialised” standards. Finally we highlight some contributions of IFRS to the morphological transformation of capitalism (that is changes in distribution of wealth and power). As a result, IFRS can be seen as much financialised as financialising standards.

Keywords

Cash Flow Accounting Standard International Financial Reporting Standard Financial Activity Future Cash Flow 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Ecole des Hautes Etudes en Sciences Sociales (EHESS)ParisFrance

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