Residual income as commonly described in academic papers and in real-life applications may be formally described as a function of three variables: (i) the capital invested, (ii) the rate of return, (iii) the opportunity cost of capital. This paper shows that a different paradigm of residual...

This paper reports a new theorem and proof for optimizing the advertising budget. The theorem is that the optimal rate of advertising is equal to gross profit multiplied by advertising elasticity. This does not involve a ratio of elasticities, and so is an advance on the Dorfman-Steiner theorem...

This paper reports a new theorem and proof for optimizing the advertising budget. The theorem is that the optimal rate of advertising is equal to gross profit multiplied by advertising elasticity. This does not involve a ratio of elasticities, and so is an advance on the Dorfman-Steiner theorem...

This paper presents and discusses two case studies in the Portuguese motor vehicle industry – Salvador Caetano’s Ovar Industrial Division (SCOID), a ‘Brownfield site’ with minority Toyota ownership; and Autoeuropa, a ‘Greenfield site’ wholly owned by Volkswagen. Basically, it...

Article on the reform of the modern media market in the Russian Federation on the example of the Omsk region. Using the methodology of general systems theory, the author analyzes the processes, patterns, and problems inherent in this market, and proposes a methodology for monitoring on the media...

Article about system essence of social contradictions between a society and the power inevitably arising at level of municipal management. On the basis of V. Pareto heritage and the theory of self-organising of I. Prigozhin the author analyzes deep problems of formation of a civil society in Russia.

Chinese SMEs have played an important role in stimulating economic growth, increasing employment, expanding exports and promoting science and technology innovations. In 2005 there were more than 10 million SMEs registered in the Industry and Commerce Department, accounting for 99 per cent of all...