2008
DOI: 10.2139/ssrn.1134982
|View full text |Cite
|
Sign up to set email alerts
|

The New Economy Business Model and Sustainable Prosperity

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
8
0

Year Published

2010
2010
2022
2022

Publication Types

Select...
4
1

Relationship

0
5

Authors

Journals

citations
Cited by 7 publications
(8 citation statements)
references
References 43 publications
0
8
0
Order By: Relevance
“…Companies also report dividends paid as part of their financial statements. I combine two variables, corporate dividends and stock buybacks, into one metric called “shareholder payments.” Even though buybacks are more indirect forms of shareholder payment, since they accrue to share-sellers and not to all shareholders, they are an important use of corporate funds deployed in the pursuit of increasing shareholder wealth (Lazonick, 2014).…”
Section: Methodsmentioning
confidence: 99%
See 4 more Smart Citations
“…Companies also report dividends paid as part of their financial statements. I combine two variables, corporate dividends and stock buybacks, into one metric called “shareholder payments.” Even though buybacks are more indirect forms of shareholder payment, since they accrue to share-sellers and not to all shareholders, they are an important use of corporate funds deployed in the pursuit of increasing shareholder wealth (Lazonick, 2014).…”
Section: Methodsmentioning
confidence: 99%
“…The rise of institutional investors and the economic stagnation of the 1970s, combined with the intellectual law-and-economics revolution, meant that in the 1980s, managers had to increasingly respond to financial market pressure to raise share prices (Lazonick & Shin, 2020). The transition from a managerial focus on “retain-and-reinvest” to “downsize-and-distribute” has contributed to the stagnation of wages for non-executive workers since the 1980s and widespread outsourcing and fissuring of the US workforce (Lazonick, 2014; Lazonick & Shin, 2020). Unsurprisingly, the shift in focus to maximizing shareholder wealth has meant a steady rise in shareholder payments, as will be discussed further in the next section.…”
Section: Section 2 the Racial Wealth Gap And Shareholder Primacymentioning
confidence: 99%
See 3 more Smart Citations