cost and excess profit (residual income), two all-pervasive notions of economics: They are defined by undoing a given …

This paper deals with the problem of modelling in a formal way the concept of excess profit, also known as residual … income. A common idea is that excess profit is an unequivocal concept, being the difference between profit and costs, where … all types of costs are taken into account, included the opportunity cost, i.e. the profit the entrepreneur would obtain if …

This paper analyzes the relations among different concepts such as earnings, profit, interest, rate, consumption … fundamental relation, shared by all five perspectives and whose ingredients are capital, profit, and cash flow. On the basis of …

systemic approach introduced in Magni (2000, 2003, 2004). The model translates the notion of residual income (excess profit … rests on a different interpretation of the notion of excess profit and is formally connected with the EVA model by means of …

This paper deals with the notion of residual income, which may be defined as the surplus profit that residues after a …

This paper presents an axiomatization of residual income, aka excess profit, and illustrates how it may univocally … profit and the investor's excess wealth, a well-specified theory of residual income is generated: one is the standard theory …-income assets may be constructed on the basis of either theory starting from pre-determined growth rates for excess profit. In …

Shareholder Value, Anthony's (1975) profit. They are all conveniently reinterpreted within the theoretical domain of the lost …