Publisher's Synopsis
Excerpt from Trends in Corporate Profitability and Capital Costs
In short, we propose to answer the question, How well have non-financial corporations performed? By using capital market data. There may be some popular resistance to the idea of using stock and bond values to answer so fundamental a question. Many regard the stock market as irrational, and therefore an untrustworthy source for information about real phenomena. We believe such suspicions are unfounded. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
