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The role of intangible assets in explaining the investment-profit puzzle
(Oxford Univ Press, 2019)
Starting around the early 2000s, and especially after the 2008 crisis, the rate of capital accumulation for US nonfinancial corporations has slowed down despite relatively high profitability; indicating a weakening of the ...
Macroeconomic and institutional determinants of financialisation of non-financial firms: Case study of Turkey
(Oxford University Press, 2014)
We observe that industrial firms in Turkey have shifted substantial amounts of working capital from production activities to the purchase of high-yield interest-bearing assets most notably public bonds to ensure immediate ...