CAPITAL INVESTMENT AND THE PROFITABILITY OF FORTUNE 500 INDUSTRIALS: 1971–1990
David P. Echevarria
(Assistant Professor, Department of Finance, College of Business and Administration, Saint Joseph's University, Philadelphia, PA 19131.)
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Abstract
US Companies were widely reported to be investing millions of dollars over the last two decades to upgrade manufacturing and operating facilities to increase competitiveness in the global marketplace. These investments should have resulted in increased profitability. The observed performance of Fortune 500 Industrial companies fell short of these goals.
Citation
Echevarria, D.P. (1997), "CAPITAL INVESTMENT AND THE PROFITABILITY OF FORTUNE 500 INDUSTRIALS: 1971–1990", Studies in Economics and Finance, Vol. 18 No. 2, pp. 3-35. https://doi.org/10.1108/eb028740
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited