There is increasing interest in the issue of reconciliation of the shareholder value perspective of corporate governance with a stakeholder value perspective. It is important for the reconciliatory mechanisms to be embraced by management and owners of firms. This paper explores two explicit...

Return on Equity (ROE) is usually characterised as the most important profitability ratio from the perspective of equity investors. This paper develops a concise method for analysing how this ratio is affected by changes in various economic variables such as price, quantity, cost and interest on...

The paper proposes a framework that can be utilized for deciding upon the optimal scale of operations for a firm. The basic premise of the paper is that a firm that operates in a stable economic environment and a stable mode of business operations experiences a varying elasticity of scale that,...