مالی گرایی و انباشت: مطالعه در سطح بنگاه در بافت هند

The paper finds a negative impact of financialisation as reflected in higher dividend payouts and increasing rentier shares on real capital accumulation, suggesting there is a likely tradeoff between shareholder orientation and real capital accumulation. This implies that increasing rentier shares and dividend payouts affect negatively real capital accumulation which may lead to future growth being compromised. It is pertinent for firms to have a balance between shareholder value and long-run growth of the firm for which real capital accumulation will be important.