A synthetic, stock-flow consistent macroeconomic model of 'financialisation'
构建了一个合成性存量流量一致模型，整合主流信息经济学和后凯恩斯经济学，模拟股东价值导向增强的影响，结果与重要典型事实一致。
This article is centred around the notions of shareholder value orientation and financialisation. Shareholder value orientation is reflected by a high dividend payout ratio applied by firms and the reluctance of firms to finance physical investment via new equity issues. Financialisation is the more general development towards an increased importance of the financial sector of the economy relative to the non-financial sector. In this article, a synthetic, stock-flow consistent model is developed that attempts to encompass some important recent works on the effects of financialisation. This includes contributions from the fields of mainstream information economics and post-Keynesian economics. We conduct simulations reflecting increased shareholder value orientation, and show that the results are consistent with important stylised facts.