Post-Keynesian Theories of the Firm under ...
Document type :
Article dans une revue scientifique: Article original
DOI :
Permalink :
Title :
Post-Keynesian Theories of the Firm under Financialization
Author(s) :
Dallery, Thomas [Auteur]
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019

Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Journal title :
Review of Radical Political Economics
Abbreviated title :
Review of Radical Political Economics
Volume number :
41
Pages :
492-515
Publisher :
SAGE Publications
Publication date :
2009-10-02
ISSN :
0486-6134
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
Financialization is studied here from a microeconomic viewpoint. Following Stockhammer (2004a), the theory of the firm has been amended by introducing agency problems and class analysis between shareholders and managers. ...
Show more >Financialization is studied here from a microeconomic viewpoint. Following Stockhammer (2004a), the theory of the firm has been amended by introducing agency problems and class analysis between shareholders and managers. Further to that, I propose two alternative configurations for incorporation into the theory: the first views financialization as a constraint for the managerial firm, while the second discusses shareholders’ interests and integrates them as an end in itself for the finance-dominated firm. My conclusions focus on finance-oppressed accumulation, financial fragility, and potential macroeconomic instability.JEL classification: D21, E12, G30Show less >
Show more >Financialization is studied here from a microeconomic viewpoint. Following Stockhammer (2004a), the theory of the firm has been amended by introducing agency problems and class analysis between shareholders and managers. Further to that, I propose two alternative configurations for incorporation into the theory: the first views financialization as a constraint for the managerial firm, while the second discusses shareholders’ interests and integrates them as an end in itself for the finance-dominated firm. My conclusions focus on finance-oppressed accumulation, financial fragility, and potential macroeconomic instability.JEL classification: D21, E12, G30Show less >
Language :
Français
Audience :
Internationale
Popular science :
Non
Administrative institution(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Research team(s) :
Économies et sociétés : développement, richesse, innovation et régulation
Submission date :
2023-07-07T09:19:39Z
2023-07-12T14:54:21Z
2023-07-12T14:54:21Z