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We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999-2011. Our main contribution is to highlight the indirect effect of...
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In both finance and accounting, the Return On Equity (ROE) is considered a biased indicator of economic profitability … from problems of existence or uniqueness and may be employed for comparing profitability. The Internal Rate of Return (IRR … enables one to solve the multiple-IRR problem and to use the IRR for comparing firms' profitability. (Includes abridged …
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Intuitively, the idea of global value chains (GVCs) is relatively easy to understand - making a product or delivering a service involves many steps and increasingly these steps are separable and can be located anywhere in the world based on where it is most efficient to perform. Formalizing this...
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The surplus generated by an organization can be attributed to many factors which are managed by human capital. Due to measurement problems an easy answer was found by the accountants to term it as Goodwill. It has been observed that whenever there is a merger or takeover and if the management of...
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