The Open UniversitySkip to content
 

Productivity puzzle? Financialization, inequality, investment in the UK

Onaran, Özlem and Tori, Daniele (2017). Productivity puzzle? Financialization, inequality, investment in the UK. University of Greenwich, London.

Full text available as:
[img]
Preview
PDF (Version of Record) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (543kB) | Preview
URL: http://gala.gre.ac.uk/16129/
Google Scholar: Look up in Google Scholar

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: Other
Copyright Holders: 2017 The Authors
Keywords: financialization; investment; non-financial sector; firm data; UK; productivity puzzle
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Related URLs:
Item ID: 48813
Depositing User: Daniele Tori
Date Deposited: 01 Mar 2017 15:31
Last Modified: 07 Dec 2018 21:51
URI: http://oro.open.ac.uk/id/eprint/48813
Share this page:

Download history for this item

These details should be considered as only a guide to the number of downloads performed manually. Algorithmic methods have been applied in an attempt to remove automated downloads from the displayed statistics but no guarantee can be made as to the accuracy of the figures.

Actions (login may be required)

Policies | Disclaimer

© The Open University   contact the OU