Author： Williams Karel
Publisher： Routledge Ltd
ISSN： 1469-5766
Source： Economy and Society, Vol.29, Iss.1, 2000-02, pp. : 1-12
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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.
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