A synthetic, stock—flow consistent macroeconomic model of 'financialisation'
This article is centred around the notions of shareholder value orientation and financialisation. Shareholder value orientation is reflected by a high dividend payout ratio applied by firms and the reluctance of firms to finance physical investment via new equity issues. Financialisation is the... Full description
|1st Person:||van Treeck, Till|
in Cambridge journal of economics Vol. 33, No. 3 (2009), p. 467-493
|Type of Publication:||Article|