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- Title
Cost of Capital: The Managerial Perspective.
- Authors
Morone, Joseph; Paulson, Albert
- Abstract
The article discusses the cost of capital in American industry, focusing on the behavioral perspective of management. It is suggested that the rate of investment by U.S. industry is not keeping up with leading competitors, especially the Japanese. Several differences between U.S. industry and that of leading competitors are looked at. The author notes a growing concern that U.S. industry's time horizons are shorter than Japan's. A discussion has been made on the premise that whether or not the cost of capital is lower in Japan than it is in the U.S., most Japanese firms appear to approach their investment decision making with longer time horizons than those in the U.S.
- Subjects
JAPAN; UNITED States; CAPITAL costs; EXECUTIVES; INDUSTRIAL management; INDUSTRIES; INVESTMENTS; DECISION making; COMPETITION; DEADLINES
- Publication
California Management Review, 1991, Vol 33, Issue 4, p9
- ISSN
0008-1256
- Publication type
Article
- DOI
10.2307/41166670