Industrial Major Firms Investments in a Financialized Context
The evolution of firms' investment behavior is interpreted by heterodox theories as the resultant of the financialization of the accumulation regime. The French School of Regulation thus introduces the notion of patrimonial capitalism. The strategies of productive and financial investments, and the financing mode of these activities, respond to increased shareholder requirements on the return of invested funds. In order to check these assumptions, we have made tests on panel data, starting from a sample on big French groups, quoted in the SBF 250 Price Index.
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