Financialization and the Slowdown of Accumulation Financialization and the Slowdown of Accumulation

@inproceedings{Stockhammer2002FinancializationAT,
  title={Financialization and the Slowdown of Accumulation Financialization and the Slowdown of Accumulation},
  author={Engelbert Richard Stockhammer},
  year={2002}
}
Christian Ragacs and two anonymous referees. All remaining mistakes are mine. Abstract Over the past decades financial investment of non-financial businesses has been rising and accumulation of capital goods has been declining. The first part of the paper offers a novel theory to explain this phenomenon. Financialization, the shareholder revolution and the development of a market for corporate control have shifted power to shareholders and thus changed management priorities, leading to a… CONTINUE READING

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