Why Do U.S. Firms Invest Less Over Time?

Why Do U.S. Firms Invest Less Over Time?

The ratio of capital expenditure to total assets of U.S. firms decreases by more than half from 1980 to 2012. The decline in capital investment is pervasive; it has occurred for firms in most industries and is robust to firms of different sizes, investment opportunities, profitability, accesses to e...

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Bibliographic Details
Main Authors: FU, Fangjian, HUANG, Sheng, WANG, Rong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
Corporate investment
capital expenditure
intangible capital
firm production
economic globalization
Business
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4246
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5245/viewcontent/paper_773.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/4246
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5245/viewcontent/paper_773.pdf

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