investment function are estimated econometrically. The ARDL-based approach proposed by Pesaran et al. (2001) is argued to be …

The macroeconomic effects of "financialisation" are assessed applying two different variants of a Kaleckian model of …, as well as on the effects of increasing "shareholder value orientation" of management's investment decisions. An isolated … increase in the "shareholder value orientation" of management's investment decisions has a uniquely negative effect on capacity …

We review post-Keynesian assessments of the macroeconomic demand and growth impacts of financialisation. First, we … examine the channels of influence of financialisation on distribution and on the different components of private aggregate … demand, i.e. investment, consumption and net exports. Since increasing shareholder power and shareholder value orientation of …

Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post … outcome of 'financialisation' rising shareholder power and pronounced shareholder value orientation. -- Financialisation …

In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … unidirectional factor driving the labour share down since the eighties, and financialisation equally relevant in the eighties, but … inequality, although financialisation is the most important factor in absolute terms. In the post-Great Recession years of tense …

, we obtain unique cointegrating relationships for the model, linking investment, profitability and capacity utilization … relative to machinery investment over the period, reflecting not only relative prices and profitability, but also long term …Standard models fail to explain variation in UK capital investment. This paper develops and tests a new theory based on …

more capital investment does not seem to contribute to higher national economic growth or to higher corporate profitability …Critical review of investment-economic performance literatures in economics and strategic management indicates that …

Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces …. Following the 2008 financial meltdown, which was triggered by excessive growth of the financial sector, financialisation in …