The role of intangible assets in explaining the investment–profit puzzle

  title={The role of intangible assets in explaining the investment–profit puzzle},
  author={{\"O}zg{\"u}r Orhangazi},
  journal={Cambridge Journal of Economics},
Starting around the early 2000s, and especially after the 2008 crisis, the rate of capital accumulation for US nonfinancial corporations has slowed down despite relatively high profitability; indicating a weakening of the link between profitability and investment. While the literature mostly focuses on financialisation and globalisation as the reasons behind this slowdown, I suggest adding another layer to these explanations and argue that, in conjunction with financialisation and… 

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