• automotive sector
• financialization
• wage share

To study the role of financialization in manufacturing sector, I focus on the automotive industry (2-digit NACE 29) at global level retrieving data from Orbis Bureau van Dijk. In particular, I observe the impact of a change in the ownership structure on the functional income distribution at firm-level, further discriminating for final assemblers and component producers to possibly highlight different effects on labour share of being placed at various positions along the global value chain. The peculiarity of my Master thesis lies in fact in the definition of financialisation. Actually, it relies on firms' ownership structure. In fact, I consider as financialised a company whose ownership is no longer in the hands of industrial corporation but in those of a financial institution. I proceed by measuring the impact that the change in ownership structure has on the wage share via a fixed-effects regression analysis, further enhanced by the inverse probability weighting procedure.