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andrewmutzyesterday at 9:39 PM1 replyview on HN

The idea that Japanese companies provide more stability and lower returns on capital isn't a hypothesis, it's backed up by data

https://www.nber.org/papers/w1762

https://ideas.repec.org/p/iza/izadps/dp6183.html


Replies

oefrhatoday at 12:00 AM

Failed businesses also tend to provide lower returns on capital, and that’s totally backed up by data. Doesn’t mean the “purpose” of those companies was to provide lower returns on capital.