1. The Rate of Return on New Investment in the UK.
- Author
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HODGES, S. D. and BREALEY, R. A.
- Subjects
RATE of return ,ECONOMIC conditions in Great Britain -- 1964-1979 ,EARNINGS per share ,INDUSTRIES ,INVESTMENTS ,ECONOMIC history ,ECONOMIC development ,BRITISH politics & government, 1964-1979 ,FINANCIAL performance ,ECONOMIC indicators ,INDUSTRIES & economics - Abstract
While it is frequently asserted that British industry has earned an inadequate return on investment, there has been little agreement among economists as to what exactly this rate has been in recent years. This note provides striking new evidence that the profitability of British industry is currently much lower than anyone had previously supposed. [ABSTRACT FROM AUTHOR]
- Published
- 1980
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