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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
Source: in Cambridge journal of economics Vol. 33, No. 3 (2009), p. 467-493
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Type of Publication: Article
Language: English
Published: 2009
Keywords: research-article
Online: Volltext
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