phenomena, attention is paid to the role of profitability as a driver of productivity and investment and global hegemony as a … economies. An important aspect of relative decline is a progressive secular slowing down of productivity growth. Another is the … driver of international resource transfers. Particular attention is paid to an empirical analysis of the profitability of the …

have high industry-level dispersion of profitability have on average higher market-to-book ratios than firms in low … dispersion industries. This positive relation between market-to-book ratios and industry profitability dispersion is economically …