Laitinen, Erkki K. - In: Review of Economics & Finance 2 (2012) November, pp. 112-130
The objective is to develop a mathematical model of the firm to show the relationship between profitability, growth … by periodic expenditures growing at a steady rate. These revenue flows are described in terms of profitability (internal … rate of return), growth, and time lag between invested expenditure and generated revenue flow. Three kinds of financial …