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Non-technological and Mixed Modes of Innovation in the United States. Evidence from the Business Research and Development and Innovation Survey, 2008-2011

Sanchez, Juana - Volkswirtschaftliche Fakultät, … - 2014

This paper presents a novel empirical study of innovation practices of U.S. companies and their relation to … productivity levels using new business micro data from the Business Research and Development and Innovation Survey (BRDIS) for the … outputs of innovation activities into four latent unobserved innovation modes or practices for OECD countries using Community …

Persistent link: https://www.econbiz.de/10011112938

Accounting and the Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks

Konchitchki, Yaniv - Volkswirtschaftliche Fakultät, … - 2013

This study sheds new light on the cross-sectional effects of inflation, which have substantial implications for stock valuation. I use financial statement analysis to examine systematic stock-valuation effects of aggregate price-level changes on individual companies, focusing on the implications...

Persistent link: https://www.econbiz.de/10011259622

Residual income and value creation: An investigation into the lost-capital paradigm

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2007

This paper presents a new way of measuring residual income, originally introduced by Magni (2000a, 2000b, 2003). Contrary to the standard residual income, the capital charge is equal to the capital lost by investors. The lost capital may be viewed as (a) the foregone capital, (b) the capital...

Persistent link: https://www.econbiz.de/10011111180

Capital humano y productividad en microempresas

Mungaray, Alejandro; Ramirez-Urquidy, Martin - Volkswirtschaftliche Fakultät, … - 2007

The hypothesis that human capital increases productivity is tested using data from a sample of low value-added microenterprises. A special attribute of this paper is the join treatment of formal learning or training in education institutions, and informal training by experience of the owner in...

Persistent link: https://www.econbiz.de/10005787156

Scomposizione di sovraprofitti: Economic Value Added e Valore Aggiunto Sistemico

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2000

The Economic Value Added formally translates the theoretical notion of excess profit (also known as residual income). Its use is so firmly entrenched in applied corporate finance and management accounting that its name is often used as a noun for denoting the concept of excess profit itself....

Persistent link: https://www.econbiz.de/10005789279

Residual income and value creation: An investigation into the lost-capital paradigm

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2007

Persistent link: https://www.econbiz.de/10005789544

Valore Aggiunto Sistemico: un'alternativa all'EVA quale indice di sovraprofitto periodale

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2001

This work presents a notion of residual income called Systemic Value Added (SVA). It is antithetic to Stewart’s (1991) EVA, though it is consistent with it in overall terms: a project’s Net Final Value (NFV) can be computed as the sum of capitalized EVAs or as the sum of uncapitalized SVAs....

Persistent link: https://www.econbiz.de/10005790189

The Determinants of Corporate Growth

Rosique, Francisco - Volkswirtschaftliche Fakultät, … - 2010

Corporate Growth is a concept that has been widely treated in a specific way or as part of strategy theories, in definition and in econometric models and has also been studied in many different aspects and approaches. The author describes in depth the main variables affecting corporate growth...

Persistent link: https://www.econbiz.de/10008490086

Decomposition of a Certain Cash Flow Stream: Differential Systemic Value and Net Final Value

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2000

This paper proposes a new way of decomposing net present values and net final values in periodic shares. Such a decomposition generates a new notion of residual income, radically different from the classical one available in the financial and accounting literature. While the standard residual...

Persistent link: https://www.econbiz.de/10005619703

A Sum&Discount method for appraising firms:An illustrative example

Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2007

This paper presents a new way of valuing firms and measuring residual income. The method, originally introduced in Magni (2000a, 2000b, 2000c, 2001), is here renamed lost-capital paradigm. In order to enhance comprehension the presentation relies on a very simple numerical example which shows...

Persistent link: https://www.econbiz.de/10005619880