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...

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...

In einem zweijährigen Projekt wurden Indikatoren für die Wohnungs- und Grundstücksmarktentwicklung im Zusammenhang mit dem Strukturwandel in altindustrialisierten Räumen entwickelt. Das Projekt zielte darauf ab, die komplexen Abhängigkeiten und Ursachen aufzudecken und diese für die...