Profits in the Long Run asks two questions: Are there persistent differences in profitability across firms? If so, what accounts for them? This book answers these questions using data for the 1000 largest US manufacturing firms in 1950 and 1972. It finds that there are persistent differences in profitability and market power across large US companies. Companies with persistently high profits are found to have high market shares and sell differentiated products. Mergers do not result in synergistic increases in profitability, but they do have an averaging effect. Companies with above normal profits have their profits lowered by mergers. Companies with initially below normal profits have them raised. In addition, the influence of other variables on long-run profitability, including risk, sales, diversification, growth and managerial control, is explored. The implications of antitrust policy are likewise addressed.
Put winning techniques into practice with this world-renowned guide to selling.
Being good isn't enough to help you climb the career ladder; these days you need to make yourself promotable, which isn't quite tBeing promotable means having that magic mix of great skills and personal qualities thyou to meet your targets, build good relationships, and get to know the people who cyour campaign.Packadvice, Get Yourself Promoted will help you with challenges such as planning your career, making yourself indispensable, polishing up your CV, and finding out about hidden job opportunities. Whatever your current situation, Get Yourself Promoted will help you reagoals. This book features a quiz , step-by-step guidance, common mistakes and how to avoid them, top tips, and lists of handy weblinks and further reading. 'A jazzy, upfront and contemporary looking seriefocused athings that it should have. Put these on the shelf and they will shout "buy me".' The Bookseller
This book is the fourth in a series of essay collections on defences in private law. It addresses defences to liability arising in equity. The essays range from those adopting a mainly doctrinal perspective to others that explore the law from a more philosophical perspective. Some essays concentrate on specific defences, while others are concerned with the links between defences, or with how defences relate to the structure of the law of equity generally. One aim of the book is to shed light on equitable doctrines by analysing them through the lens of defences. The essays offer original contributions to this complex, important but neglected field of scholarly investigation. The contributors – judges, practitioners and academics – are all distinguished jurists. The essays are addressed to all of the major common law jurisdictions.
When gifted children lose motivation to learn at school or show any suboptimal performance corresponding to their competences, we call them underachievers. In this book, experts in gifted education from different countries share the newest research about this important topic. From the definitions to the practical solutions, the diverse information and guides within this book will help the readers to understand the situation of gifted children in regular education systems.
It is often assumed that shareholders have rights, not duties. In recent years, however, this assumption has come under intense scrutiny in all aspects of company law and capital market law -legislation, the courts, soft law, and scholarship - and, in Europe especially, major changes are under way across a diverse spectrum all the way from revised contractual arrangements to mandatory statutory provisions. Such a shift has important implications for the fundamentals of European company law, and there is a need to examine shareholders' duties and to consider where this trend is taking shareholders and their stance in law. This focused collection of essays by twenty notable scholars addresses this complex subject from a highly informative and useful variety of perspectives.Examining shareholders' duties along three axes - types of investee companies, types of shareholders, and types of business situations - the essays deal with such topics and issues as the following:- shareholders' duties as reflections of the interests they are intended to safeguard;- shareholders' duties to society;- shareholders' disclosure obligations;- duties of parent companies;- institutional investor's fiduciary duty;- how regulatory duties constrain value-reducing forms of opportunism;- the state's continuing duties in the transformation of state-owned companies;- significant shareholders' duties in transactions with the company; and- powerful shareholders' duty not to abuse right.Examining the implications of this shift in discourse - how shareholders' duties are coming to the fore under the impetus of legislation, legal doctrine, case law, and enforcement strategies - as well as its ideological underpinnings, this book offers a comprehensive and in-depth consideration of this rapidly developing field. It will prove of inestimable value not only to policymakers and academics, but also to investors and practitioners committed to creating conditions favourable to sustainable economic growth and responsible business behaviour.
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