A Minskyan criticism on the shareholder pressure approach of financialisation

Ilhan Dögüs

In this paper, the Post-Kaleckian approach on financialisation which argues that investment of Nonfinancial Corporations in real capital assets has been restricted by the rising dividend and interest payments due to shareholder pressure will be criticized based on a Minskyan understanding of investment. It will be put forward that, reinvestment of profits in capital assets has decreased because of declined quasi-rent expectations induced by depressed demand.

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Year of publication:	Juli 2016
Authors:	Dögüs, Ilhan
Publisher:	Hamburg : Zentrum für Ökonomische und Soziologische Studien, Universität Hamburg
Subject:	financialisation \| shareholder pressure \| Minsky \| capital assets \| financial assets \| Finanzkapitalismus \| Financial capitalism \| Aktionäre \| Shareholders \| Shareholder Value \| Shareholder value \| Corporate Governance \| Corporate governance \| Finanzmarkt \| Financial market \| Kapitalanlage \| Financial investment \| Theorie \| Theory \| Kapitalismus \| Capitalism \| Kritik \| Criticism

Extent:	1 Online-Ressource (20 Seiten) Illustrationen
Series:	Discussion paper / Zentrum für Ökonomische und Soziologische Studien. - Hamburg, ISSN 1868-4947, ZDB-ID 2602758-6. - Vol. 53
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	References: Seite 17-20
Other identifiers:	hdl:10419/144602 [Handle]
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E22 - Capital; Investment (including Inventories); Capacity ; E44 - Financial Markets and the Macroeconomy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011515275