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In this paper, the Post-Kaleckian approach on financialisation which argues that investment of Nonfinancial Corporations in real capital assets has been restricted by the rising dividend and interest payments due to shareholder pressure will be criticized based on a Minskyan understanding of...
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This article is centred around the notions of shareholder value orientation and financialisation. Shareholder value orientation is reflected by a high dividend payout ratio applied by firms and the reluctance of firms to finance physical investment via new equity issues. Financialisation is the...
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Since the death of Hyman Minsky in 1996, much has been written about financialization. This paper explores the issues … that Minsky examined in the last decade of his life and considers their relationship to that financialization literature … how Minsky’s observations and framework represent a major contribution to the study of financialization. Part IV …
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Since Hyman Minsky’s death in 1996, much has been written about financialization. This article - by means of the … decade of his life and considers their relationship to the financialization literature. At the heart of those issues is what … contributed to - indeed, anticipated much of - the study of financialization. The article also identifies two sources of Minsky …
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