The Relationship of Profitability and the Size of Firms PDF Download
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Author: David C. Hallmark
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
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Book Description
Author: David C. Hallmark
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
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Book Description
Author: V. Ganeshan
Publisher:
ISBN:
Category :
Languages : en
Pages : 146
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Book Description
Author: Fred R. Kaen
Publisher:
ISBN:
Category :
Languages : en
Pages : 72
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Book Description
We examine the relation between profitability and size for sixty-four manufacturing industries between 1990 and 2001. We use three measures of profitability: Earnings before interest, taxes, depreciation and amortization as a percent of sales (EBITDA margin); earnings before interest and taxes as a percent of sales (EBIT margin) and EBIT as a percent of total assets (EBIT/TA). Our measure of firm size is the natural log of the number of employees.We find the following:(1) In about half of the sixty-four industries firm profitability increases at a decreasing rate and eventually declines as firms become larger.(2) For the remaining half of our manufacturing industries, no relationship exists between size and profitability.(3) For a given level of total assets, firms with fewer employees exhibit greater profitability.(4) For a given level of sales, firms with fewer employees exhibit greater profitability.Our results are consistent with theories of firm size that specify trade-offs between economies of scale and organizational costs and with theories that ascribe certain competencies to firms that allow them to offset the advantages often ascribed to large firms such as economies of scale.
Author: University of California, Berkeley. Institute of Business and Economic Research
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 128
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Book Description
Author: David J. Storey
Publisher: Routledge
ISBN: 113483988X
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
This study, originally published in 1987, addresses the question of small firm performance. Drawing on an extensive database containing financial, employment and ownership data for several thousand small firms, the book examines whether small firms do actually provide jobs, whether they grow and why small firms fail. Guidance is given on how to spot the signs of impending failure in a small business, which is of use to accountants small business PR actioners and government grant providers.
Author: Jack Lothian
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 6
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Book Description
This study investigates relationships between accounting profitability, firm size, foreign control, and industry concentration. Some assumptions concerning the distribution of industrial firms' profitability ratio are examined and the results suggest that industrial studies of firms should include a size variable. A series of equations for modeling firms' profitability are developed. The paper is divided into three sections. In the first section, the distributions of the dependent and independent variables are analyzed to see if they can be transformed to make them suitable for modeling. In the next section, an appropriate linear model is identified and in the last section, the model is fitted.
Author: Mike (University of Texas at Dallas) Peng
Publisher:
ISBN: 9780357670835
Category :
Languages : en
Pages : 640
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Book Description
Discover success in global business today with the most strategic approach to international business topics and unique coverage not found in other texts. GLOBAL BUSINESS, 4th Edition, is the first global business book that answers the big question, "What determines the success and failure of firms around the globe?" Globally renowned scholar and author Mike Peng integrates both an institution-based view and resource-based view in every chapter, bringing an unparalleled continuity and strategic approach to the learning process. The book combines an inviting, conversational style with the latest research and examples that reflect the most recent global developments. A wealth of business cases from Mike Peng and other respected international experts delve into how companies throughout the world have expanded globally. All-new video cases that cover each chapter's opening case and closing case, world maps that connect geography and culture to business decisions, and unique global debate sections that draw you into cutting-edge international discussions help you learn to think independently and view business challenges from a truly global perspective. With GLOBAL BUSINESS, 4th Edition, you view business through the eyes of a true world citizen and gain the understanding you need to become an effective manager within today's global business landscape.
Author: Edwin Biddle Hume
Publisher:
ISBN:
Category :
Languages : en
Pages : 358
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Book Description
Author: Aloy Niresh
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
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Book Description
The purpose of this study is to explore the effects of firm size on profitability of quoted manufacturing firms in Sri Lanka. In this study, data of 15 companies which were active in Colombo Stock Exchange (CSE) between the years 2008 to 2012 has been used. As indicators of firm profitability, Return on Assets and Net Profit have been used whereas Total Assets and Total Sales have been utilized as indicators of firm size. Correlation and regression methods have been used in the empirical analysis. There is no indicative relationship between firm size and profitability of listed manufacturing firms, the findings reveal. In addition, the results showed that firm size has no profound impact on profitability of the listed manufacturing firms in Sri Lanka.
Author: Michael Treacy
Publisher: Forgotten Books
ISBN: 9780365499718
Category : Mathematics
Languages : en
Pages : 50
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Book Description
Excerpt from Profitability Patterns and Firm Size Bowman has produced empirical evidence that he suggests is in disagreement with the well known result that risk and return are positively associated. The fundamental empirical result obtained is that in most industries the average level of return on equity is negatively correlated with the variance of the returns on equity.[2] This result was obtained in 58 of the 85 Value Line industries tested. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
