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/methodology/approach – The sample period of 11 years is divided...