The world has moved on in the advanced economies where credit based financial systems coupled with malleable accounting systems disconnect capitalization and wealth accumulation from GDP trajectories and financial surplus. This, the book argues, is the product of economic, financial and cultural imperatives that privilege and encourage financial leverage for wealth accumulation. This text re-works business models for a financialized world and presents a distinctive insight into the way in which national, corporate and focal firm business models have adapted and evolved. It also shows how, in the current financial crisis, financial disturbances can be amplified, transmitted and made porous, by accounting systems, threatening economic stability. By making visible the tensions and contradictions embedded in this process of economic development, the authors have constructed a loose business model conceptual framework that is also grounded in accounting. This is a valuable resource for practitioners, academics and policy makers with an interest in management, accounting and economic policy.After the US recession in 2000a2001, the economic recovery thereafter and over the following five years to 2007, the S8cP ... 500 firms to make minimal contributions to their pension funds such that they were often a#39;taking a pension holidaya#39;. In effect buoyant ongoa ing inflated stock market capitalizations helped to close the filnding gap between the value of assets ... have required filnding and legal standing, most OPEBs are not regulatory in naturea#39; (Standard and Poora#39;s, 2011: 12).
|Title||:||Redefining Business Models|
|Author||:||Colin Haslam, Tord Andersson, Nicholas Tsitsianis, Ya Ping Yin|
|Publisher||:||Routledge - 2013-04-26|