Profitability, Growth, and Different Flow Ratio Concepts: Implications for Failing Firms 1
作者： Erkki K. Laitinen
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摘要: The objective is to develop a mathematical model of the firm show relationship between profitability, growth, and financial flow concepts especially under conditions for failing firms. It assumed that revenue flows are generated by periodic expenditures growing at steady rate. These described in terms profitability (internal rate return), time lag invested expenditure flow. Three kinds drawn: revenue-expenditure (quick flow), revenue-expense (earnings), cash Earnings drawn three depreciation theories: proportional, return, compound interest depreciation. For each concept, ratios compared with other. Theoretical results illustrated empirical data from Finnish non-failing JEL Classifications: G G3 32, , M41 1, 33, C65
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