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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/w17
by andrewmutz 5mo ago
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://www.nber.org/papers/w1762
https://ideas.repec.org/p/iza/izadps/dp6183.html https://ideas.repec.org/p/iza/izadps/dp6183.html
- oefrha 4mo agoFailed 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.
- thfuran 4mo agoThe purpose of a system is what it does.
- simianwords 4mo agoThis is mostly a meaningless statement that can be used in any situation
- gottorf 4mo agoIt's a very meaningful statement when people claim that thing X's purpose is Y which is good, and therefore thing X is good, even though the actual outcome Z is not Y and in fact may be diametrically opposed to Y. Happens quite often. I don't know if it really applies to the current thread, but I just wanted to point out that POSIWID is certainly not a vapid, empty concept.