Why do U.S. firms invest less over time?
Capital expenditures of U.S. public firms, relative to total assets, decrease by more than half from 1980 to 2020. The decline is pervasive across industries and firms of different characteristics and cannot be explained by the usual determinants of investment and many other seemingly plausible reas...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2022
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7120 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8119/viewcontent/1_s2.0_S0927539822000603_main.pdf |
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| Institution: | Singapore Management University |
| Language: | English |