The average variance in returns to capital

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bethemasterofenglish

Senior Member
Japanese
Hello,

The following is from The Economist. http://www.economist.com/news/busin...n-may-be-coming-end-death-and-transfiguration

"<-----Excess quote removed by moderator (Florentia52)----->More than twice as many multinationals are operating today as in 1990, making for more competition. Margins are being squeezed and the volatility of profits is growing. The average variance in returns to capital for North American firms is more than 60% higher today than it was in 1965-1980. MGI predicts that corporate profits may fall from 10% of global GDP to about 8% in a decade’s time."

Now what does the words 'The average variance in returns to capital' mean in this financial context?
 
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