1992Journal of applied corporate financeRequires access

CAPABILITIES AND CAPITAL INVESTMENT: NEW PERSPECTIVES ON CAPITAL BUDGETING

Carliss Y. Baldwin, Kim B. Clark

Open publisher page 127 citations

Abstract

In the half century since World War II, U.S. companies have lost their dominant position in virtually every major industry. While some loss of market power was inevitable as other economies rebuilt and reached their own potential, today there is widespread concern that the U.S. has lost its competitive edge in technology and manufacturing. Among those who believe a problem exists, the most frequently cited cause of corporate America's lack of competitiveness is its failure to invest.

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What this paper is about

In the half century since World War II, U.S. companies have lost their dominant position in virtually every major industry. While some loss of market power was inevitable as other economies rebuilt and reached their own potential, today there is widespread concern that the U.S. has lost its competitive edge in technology and manufacturing. Among those who believe a problem exists, the most frequently cited cause of corporate America's lack of competitiveness is its failure to invest.

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OpenAlex reports 127 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

In the half century since World War II, U.S. companies have lost their dominant position in virtually every major industry. While some loss of market power was inevitable as other economies rebuilt and reached their own potential, today there is widespread concern that the U.S. has lost its competitive edge in technology and manufacturing. Among those who believe a problem exists, the most frequently cited cause of corporate America's lack of competitiveness is its failure to invest.

Key concepts: Management, Capital (architecture), Business history, Sociology, Economics, History, Archaeology

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