2017 David Gordon Memorial Lecture
Friday, Jan. 6, 2017
5:30 PM –
Swissotel Chicago, Montreux 3
Union for Radical Political Economics
Organizational Restructuring and Value Extraction under Financial Capitalism
An increasing share of the economy is organized around financial capitalism, where, in contrast to the past, capital market actors actively assert and manage their claims on wealth creation and distribution. These new actors challenge prior assumptions of managerial capitalism about the goals and governance of firms. The focus on shareholder value is credited with increasing firm efficiency and shareholder returns. This lecture analyzes the changes in organizational behavior and value extraction under financial capitalism.