Template-type: ReDIF-Article 1.0
Author-Name: Plihon, Dominique
Title: A economia de fundos próprios: um novo regime de acumulação financeira
Abstract: From 1980 on, French firms ? as well as firms in most European countries ? migrate from the ?overdraft economy? to the ?autoeconomy?. The adoption of the Anglo-Saxon model determines microeconomic changes ? such as the increased power of investors, the falling share of wages in value added, and slack investment rates in spite of mounting profits ? with important macroeconomic consequences (more financial instability and a worsening in wealth and income distribution). Some policies are recommended to revert the perverse logic of the autoeconomy and to reequilibrate the relative forces of labour and capital.
Classification-JEL: 
Keywords: Corporate governance; Corporate funding; Autoeconomy.
Pages: 16
Volume: 13
Year: 1999
Month: 1
File-URL: https://www.eco.unicamp.br/images/arquivos/artigos/493/02-Plihon-AC.pdf
File-Format: Application/pdf
Handle: RePEc:euc:ancoec:v:13:y:1999:p:41-56