ALBERT — All Library Books, journals and Electronic Records Telegrafenberg

Hits per page

hit 1 - 1 | 1 hit

Select All Export

Electronic Resource

LONG-RUN PROFIT MAXIMIZATION: AN EMPIRICAL TEST (1978)

Hiller*, John R.

Oxford, UK : Blackwell Publishing Ltd

Kyklos 31 (1978), S. 0

add to mindlist on the mindlist

Details

ISSN: 1467-6435

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Sociology , Economics

Notes: The present paper attempts a more direct test of the growth and profit maximizing theories of the firm, than previously presented. The approach is to estimate directly the marginal rates of return on investment for individual firms and individual years, over time, for a sample of large U.S. industrial corporations. The marginal rate of return estimates are then statistically compared to several cost of capital series, on a year-by-year basis. Substantial, prolonged, and statistically significant overinvestment is discovered, casting doubt on the profit maximizing conditions but supporting the growth theory of the firm.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1467-6435.1978.tb00653.x

	Location	Call Number	Expected	Availability

Others were also interested in ...

Paper (German National Licenses)

Fulltext

hit 1 - 1 | 1 hit