, 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 … utilisation, the profit rate and capital accumulation in both models. An associated rise in the dividend rate, however, has …

demand, i.e. investment, consumption and net exports. Since increasing shareholder power and shareholder value orientation of … of financialisation in the context of the postKeynesian theory of the firm and explain the other channels from there. An … important result is the emergence of 'profits without investment' demand and growth regimes, for which we point out the …

growth can be profit-led rather than wage-led. The model also determines the value to which the degree of capacity …