Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144602
Authors: 
Dögüs, Ilhan
Year of Publication: 
2016
Series/Report no.: 
Discussion Papers, Zentrum für Ökonomische und Soziologische Studien 53
Abstract: 
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 investment. It will be put forward that, reinvestment of profits in capital assets has decreased because of declined quasi-rent expectations induced by depressed demand.
Subjects: 
financialisation
shareholder pressure
Minsky
capital assets
financial assets
JEL: 
E12
E22
E44
Document Type: 
Working Paper

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