| Author: | Blaine, M. |
| Title: | Profitability and competitiveness: lessons from Japanese and American firms in the 1980s |
| Journal: | California Management Review
1993 : FALL, VOL. 36:1, p. 48-74 |
| Index terms: | JAPAN USA PROFITABILITY COMPETITIVENESS |
| Language: | eng |
| Abstract: | This article has two main objectives: to assess and compare the profitability of Japanese and American firms and industries during the latter half of the 1980s; and to explore the relationship between firm profitability and national competitiveness. This study reveals that: Japanese firms in most industries were less profitable than American firms; after adjusting to differences in tax rates, accounting practices , and debt levels, Japanese firms had lower returns on assets and operating margins than American firms, but similar returns on equity. |
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