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 …

macroeconomic profitability. Measurement issues include the treatment of holding gains on physical assets and net financial … work has focused on the identification of trends and shifts in profit rates not caused by cyclical fluctuations, and … include capital deepening stimulated by a reduction in the cost of capital funds; profit squeezes caused by some combination …