From shareholder value to present-day capitalism
- 1 January 2000
- journal article
- research article
- Published by Taylor & Francis in Economy and Society
- Vol. 29 (1) , 1-12
- https://doi.org/10.1080/030851400360532
Abstract
This article introduces a journal special issue which examines how shareholder value and financialization have changed priorities and behaviours in present-day capitalism. This article opens the debate by reviewing three key issues: first, it considers the impact of shareholder value on national capitalisms in France, Germany and the USA; second, it analyses the effects of financialization on corporate strategy and sectoral performance; and, third, it reviews current conjectures about a finance-led macroeconomy and the possibility of a wealth-based growth regime.Keywords
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