Onaran, Özlem ORCID: 0000-0002-6345-9922 and Tori, Daniele (2017) Productivity puzzle? Financialization, inequality, investment in the UK. [Working Paper]

Preview

PDF GpercPolicyBrief_PB16_2017_ Onaran_Tori uk.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (543kB) | Preview

Abstract

According to econometric estimations using firm balance sheets of the publicly listed companies in the UK, in large non-financial corporations (NFCs), investment rate would have been 16% higher without the rise in financial payments, and 41% higher without the increasing financial incomes, and in the small NFCs, investment would have been 35% higher without the rise in financial incomes.

Item Type:	Working Paper
Uncontrolled Keywords:	Financialization; Investment; Non-financial sector; Firm data; UK; productivity puzzle,
Subjects:	H Social Sciences > HG Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of International Business & Economics Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified:	04 Aug 2021 16:33
URI:	http://gala.gre.ac.uk/id/eprint/16129

Actions (login required)

View Item

Downloads