Financialisation and capital accumulation in the non-financial corporate sector:A theoretical and empirical investigation on the US economy: 1973–2003

By Özgür Orhangazi. 2008

706 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/55c65d0de36d236afc6f6569a82df75a6882742e

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Citations in the corpus

The Emergence of a Finance Culture in American Households, 1989-2007 (2015, background): “Financialization, broadly understood to mean the increasingly important role of financial markets, motives, actors, and institutions in the operation of the economy (Epstein, 2005), has attracted increasing attention in recent years (Krippner, 2005; Orhangazi, 2008; Davis, 2009).”
The effects of financialization on investment: evidence from firm-level data for the UK (2018, background): “To the best of our knowledge only Orhangazi (2008b) and Demir (2009) analyse directly the effects of financialization on accumulation from a microeconomic perspective.”
Financialization and the global economy (2010, background): “After the South East Asian financial crisis, several Asian countries (notably China) pursued a strategy of undervaluation, which has proven quite 8 Financialization is part of the globalization of production.”
Subordinated Financial Integration and Financialisation in Emerging Capitalist Economies: The Brazilian Experience (2018, background): “Lapavitsas (2009a, 2014), Painceira (2011), and Powell (2013) have pointed to the potentially subordinated nature of financialisation in ECEs.”
Financialization and U.S. Income Inequality, 1970–20081 (2011, positive): “…that the financial activities operated by nonfinance firms are often heavily backed by the cash flow and the assets generated by production ðOrhangazi 2008Þ.17 Thus, the increase in “marginal productivity” of the top executives and financial workers often comes with the price of…”
Shifting sources and uses of profits: sustaining US financialization with global value chains (2008, background): “ Orhangazi (2008) , in a study of firm behaviour in the American non-financial corporate sector, also finds a negative relation between financialization and investment in plant and equipment.”
Financialisation in emerging economies: a systematic overview and comparison with Anglo-Saxon economies (2017, background): “Here rising NFC debt levels have been identified as a potential sign of financialisation (Orhangazi 2008).”
Financialisation, income distribution and aggregate demand in the USA (2011, background): “Van Treeck (2008), Orhangazi (2008), and Stockhammer (2004) estimate only the effect of financialization on investment. Stockhammer (2004) uses rentier income of nonfinancial business as a proxy for shareholder value orientation and finds that financialization may explain a substantial part of the s”