Systematic differences along the wealth distribution in investment performance will potentially have large consequences … Capital Asset Pricing Model (GCAPM), which relies on classed household portfolio data to measure investment performance in … five European countries, where previously no measure of investment performance could be computed. We verify the accuracy of …

, 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 … 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 …