Shareholder value orientation and the investment-profit puzzle

By Engelbert Stockhammer. 2005

219 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/fe34f892e637f76c9011892b331e21327fd4f77e

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Citations in the corpus

Distribution and growth reconsidered: empirical results for six OECD countries (2007, unknown): “A different methodological approach is presented by Stockhammer and Onaran (2004) and Onaran and Stockhammer (2005) (summarised in Onaran and Stockhammer, 2006), who estimate two slightly different structural Vector antoregressious (VARs) for France, the USA and the UK, on the one hand, and for…”
The political economy debate on ‘financialization’ – a macroeconomic perspective (2009, unknown): “…in accordance with the literatures sketched above, we assume that an individual firm faces a ‘growth-profit trade-off’ over a wide range of its investment possibilities (see also Lavoie, 1992; Stockhammer, 2005-6) and that shareholders have a larger preference for profitability than managements.”
The effects of financialization on investment: evidence from firm-level data for the UK (2018, background): “…the negative impacts of expanding financial sector on the economic systems (Epstein, 2005), on income distribution and demand (Onaran et al., 2010; Hein, 2013 ), and in particular on investment (Stockhammer, 2004, 2006; Orhagnazi, 2008a; Dallery, 2009; Cordonnier and Van de Velde, 2015).”
Post-Keynesian Theories of the Firm under Financialization (2009, background): “This section is based on various contributions by Stockhammer, who addresses the post-Keynesian theory of the firm from the financialization point of view (Stockhammer 2003, 2004a, 2004b, 2005-6).”
Financialisation, income distribution and aggregate demand in the USA (2011, methodology): “Onaran and Stockhammer (2005) employ a similar model for Turkey and Korea and find some indication for wage-led demand regimes in these countries.”
Conspicuous Consumption, Inequality and Debt: The Nature of Consumption‐driven Profit‐led Regimes (2015, unknown): “4 For a discussion of potential reasons see Stockhammer (2009). 61 62 63 64 65 66 67”
Some Stylized Facts on the Finance-Dominated Accumulation Regime (2008, unknown): “Much of the economic literature (Boyer 2000; Hein & van Treeck 2007; Skott & Ryoo 2007; Stockhammer 2004a, 2005 ) uses a more specific, narrower and therefore analytically more convenient notion.”