Finally, it is argued that financialisation of companies led to a decline in manufacturing and productive investment. Subasat showed that the share of financial income in non-financial companies, which had started to increase in the 1990s, had decreased since 2005. Moreover, the share of financial services in total services declined in 27 (65.9%) countries and increased in 14 (34.1%) countries over the past 30 years. This implies that service sectors other than financial services contributed more to de-industrialization in these countries. And there was no significant statistical relationship between financial liberalization and financialization level, neither in terms of level nor change