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Corporate Governance and the "Job Loss" Recovery.
- Source :
-
Review of Radical Political Economics . Summer2005, Vol. 37 Issue 3, p293-301. 9p. 3 Charts. - Publication Year :
- 2005
-
Abstract
- The recent recovery continued a trend that started in the mid-1970s of a growing divergence between capital and labor incomes. This trend appears to be largely due to a shift in the balance of corporate governance. A growing concentration of financial assets among institutional investors was juxtaposed by a declining unionization rate. Consequently, institutional investors had the incentives and increasingly the ability to allocate a growing share of corporate resources towards capital, particularly in the form of share repurchases and dividend payouts instead. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 04866134
- Volume :
- 37
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Review of Radical Political Economics
- Publication Type :
- Academic Journal
- Accession number :
- 18048876
- Full Text :
- https://doi.org/10.1177/0486613405278156