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• W1561542289 abstract "This article analyzes the recent rebound in nonfinancial corporate profitability, as measured by after-tax profits as a share of output. Virtually all the resurgence in corporate profitability during the 1990s reflects a cyclical increase in profits and a decline in net interest expense associated with deleveraging and lower interest rates. In this sense, it is not clear that a long lasting upward shift in the economic returns to capital has occurred, after accounting for short-run cyclical-related movements and for how deleveraging and lower interest rates have shifted capital payments away from debtholders toward equityholders." @default.
• W1561542289 created "2016-06-24" @default.
• W1561542289 creator A5016686653 @default.
• W1561542289 date "1997-01-01" @default.
• W1561542289 modified "2023-09-26" @default.
• W1561542289 title "Has long-run profitability risen in the 1990s" @default.
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