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In this study, U.S. manufacturing firms' profitability measures including profit margins and returns on equity are examined over the 1971-2005 period. We find strong support for the “insulation hypothesis” as our results show that the profitability ratios and the valuation multiples of U.S....
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In this study, U.S. manufacturing firms' short-term financial management measures including net working capital …, tangibility, market-to-book ratio, leverage, as well as Federal Reserve monetary policy on short-term financial management … short-term financial management behavior insulate themselves from the effects of monetary policy, and that firm size …
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