and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin …Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …

This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional …. Differences are also found in the results by asset class. The implications of these findings for private equity management, profit …

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …

. Importantly, the theoretical model captures the strategic behavior between competing firms, its effect on their innovation …

profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …

This paper develops a theory of firm selection and growth and embeds it into an international trade framework of …

profitability of banks’ portfolios affect their ability to cover for any liquidity shortage and hence influence the premium they … require to carry maturity risk. During a boom, profitability is increasing and thus spreads are low, while during a recession … profitability is decreasing and spreads are high, in accordance with the cyclical properties of term spreads in the data. Second, we …

profits. The discontinuity in the profit distribution is (i) more pronounced amid greater political or public pressure, the …. These findings indicate that profitability concerns, while absent from standard theoretical models of central banking, are …