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Onaran, Özlem and Tori, Daniele (2017). Productivity puzzle? Financialization, inequality, investment in the UK. GPERC Policy Briefs PB16-2017; University of Greenwich, London.
URL: http://gala.gre.ac.uk/16129/
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.