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This paper uses financial statement data for large samples of U.S. and Japanese nonfinancial corporations to estimate the return to capital in each country for the period 1967-83. Interpreting these as measures of the cost of capital, we find that the before-tax cost of corporate capital was...
Persistent link: https://www.econbiz.de/10012774614
countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … equal to or somewhat lower than that in the US For Japan, the individual company accounts and National Accounts data yield …
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countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … equal to or somewhat lower than that in the US For Japan, the individual company accounts and National Accounts data yield …
Persistent link: https://www.econbiz.de/10012472944
This paper uses financial statement data for large samples of U.S. and Japanese nonfinancial corporations to estimate the return to capital in each country for the period 1967-83. Interpreting these as measures of the cost of capital, we find that the before-tax cost of corporate capital was...
Persistent link: https://www.econbiz.de/10012476782
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