000 04058nam a22005175i 4500
001 978-1-4419-0649-6
003 DE-He213
005 20140220084502.0
007 cr nn 008mamaa
008 100301s2010 xxu| s |||| 0|eng d
020 _a9781441906496
_9978-1-4419-0649-6
024 7 _a10.1007/978-1-4419-0649-6
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
100 1 _aAnari, Ali.
_eauthor.
245 1 4 _aThe Power of Profit
_h[electronic resource] :
_bBusiness and Economic Analyses, Forecasting, and Stock Valuation /
_cby Ali Anari, James W. Kolari.
264 1 _aBoston, MA :
_bSpringer US,
_c2010.
300 _bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aThe Role of Profit in Advanced Market Economies -- Profit System Models of the Firm, Industry, and Business Sector -- A Macroeconomic Profit System Model of Advanced Market Economies -- Profit System Models of the Corporate Sector -- Profit System Models for Industries -- A Profit System Model of Stock Market Valuation -- A Profit System Model of the Firm for Business Analysis and Stock Valuation -- Concluding Remarks.
520 _aHow can business leaders make better production and capital investment decisions? How can Wall Street analysts improve their predictions of future stock market values? How can government improve macroeconomic forecasts and policies? In The Power of Profit, Anari and Kolari demonstrate how profit measures can be applied as the basis for these and many other applications of economic, policy, financial, and business analysis. The underlying theme of the book is that profitability is the driving force in free market economies. Firms invest in capital, produce goods and services, and generate sales in an effort to reap profits. Firms that are unprofitable exit the marketplace and are replaced by profitable firms. Despite the crucial importance of profits, however, there is no formal model that directly relates profits to capital formation and output. Previous studies over the past 100 years on profit and the economy are mainly descriptive in nature, without any well-specified model grounded in microeconomic theory. Filling this gap, the authors present a profit system model of the firm grounded in basic accounting relationships in addition to the well-known Cobb-Douglas production function, which can be applied to individual firms, industries, and the business sector as a whole. Through rigorous data analysis, the authors show how the profit system model can be applied to: modeling the U.S. business sector and national economy forecasting output, capital stock, total profit, profit rates, and profit margins examining the relationships among profitability, economic growth, and the business cycle simulating the effects of potential monetary policy changes on the business sector and national economy valuing the Standard & Poor’s stock market index as well as individual firms The result is a model that integrates microeconomic and macroeconomic factors and that can be widely applied in business and economic decisions, policymaking, research, and teaching.
650 0 _aEconomics.
650 0 _aMacroeconomics.
650 0 _aFinance.
650 0 _aBanks and banking.
650 0 _aIndustrial management.
650 1 4 _aEconomics/Management Science.
650 2 4 _aMacroeconomics/Monetary Economics.
650 2 4 _aFinance /Banking.
650 2 4 _aFinancial Economics.
650 2 4 _aManagement/Business for Professionals.
700 1 _aKolari, James W.
_eauthor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9781441906489
856 4 0 _uhttp://dx.doi.org/10.1007/978-1-4419-0649-6
912 _aZDB-2-SBE
999 _c110231
_d110231