, 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 … investment and the saving function of the models. "Profits without investment", the "intermediate" case in both models, is a …

demand, i.e. investment, consumption and net exports. Since increasing shareholder power and shareholder value orientation of … important result is the emergence of 'profits without investment' demand and growth regimes, for which we point out the … variants of 'profits without investment' demand and growth regimes in finance-dominated capitalism. We review the different …

, in particular when there are strong wealth effects in firms' investment decisions (via Tobin's q) and in households …

setting in the medium run. 2. Firms' investment is affected through a 'management's preference channel' and an 'internal means …

stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment …

financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of … financialisation, short- to medium-run dynamic 'profits without investment' regimes may emerge, which can be driven by flourishing …

stylized facts of “finance-dominated capitalism”: a fall in animal spirits of the firm sector with respect to real investment …