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Shareholder payouts across time and space : an internationally comparative and cross-sectoral analysis of corporate financialisation


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Valeeva, Diliara ; Klinge, Tobias John ; Aalbers, Manuel B.:
Shareholder payouts across time and space : an internationally comparative and cross-sectoral analysis of corporate financialisation.
In: New political economy. (8. Juni 2022).
ISSN 1469-9923 ; 1356-3467


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Shareholder value orientation has commonly been considered a hallmark of corporate financialisation. Today, firms increasingly share their profits with shareholders in the form of cash dividends and share buybacks. Yet how the shareholder payouts are distributed by firms from various sectors, sizes and countries remain unexplored. To complement existing accumulation- and asset-centred approaches that focus, respectively, on how resources enter the firm and change its structure, we present a payouts-centred approach to corporate financialisation that focuses on how resources leave the firm. This paper analyses firm-level trends in shareholder payouts in OECD member countries for the period 2000–2019, differentiating between types of distributed payouts. We show that shareholder payouts are high across various sectors and geographical locations, and not limited to a small subset of large, US-American financial corporations, but include ‘big pharma’ and ‘big tech’ as well as Latin American and Israeli firms. The paper sheds light on the nature of the contemporary corporations and contributes to discussions on the increasing financialisation of non-financial firms and their rising shareholder value orientation.

Weitere Angaben

Schlagwörter:Social Sciences
Sprache des Eintrags:Englisch
Institutionen der Universität:Mathematisch-Geographische Fakultät > Geographie > Arbeitsgruppe Wirtschaftsgeographie
DOI / URN / ID:10.1080/13563467.2022.2084522
Open Access: Freie Zugänglichkeit des Volltexts?:Nein
Verlag:Taylor & Francis
Die Zeitschrift ist nachgewiesen in:
Titel an der KU entstanden:Nein
Eingestellt am: 19. Okt 2022 09:25
Letzte Änderung: 19. Okt 2022 09:25
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