Wayne Rockmore, B.; Jones, Foard F. - In: Managerial Finance 22 (1996) 8, pp. 44-56
This study examined the relationship between 130 firm's business investment strategy and their firm performance, as measured by return on investment (ROI) and earnngs per share (EPS). ROI was used as the accounting performance measure and EPS was used as the market‐based performance measure....