Jiang, Ching‐Hai; Chen, Hsiang‐Lan; Huang, Yen‐Sheng - In: Managerial Finance 32 (2006) 11, pp. 853-861
Purpose – The purpose of this paper is to examine the relationship between capital expenditures and corporate earnings … for 357 manufacturing firms listed on the Taiwan Stock Exchange over the sample period 1992‐2002. Design … grouped into eight portfolios ranked by capital investment ratio estimated from the investment period. Corporate earnings in …