Description: Wiederbelebung der privaten Investitionsttigkeit als wirtschaftspolitische Aufgabe. Finanzwirtschaftliche Planung in der Unternehmung bei Geldentwertung by Gerhard Fels Estimated delivery 3-12 business days Format Paperback Condition Brand New Description The paper deals with the problem, how the profits of a firm are in fluenced by inflation; some conclusions are drawn for the firms invest ment and financing policy. Profit is defined as the part of cash flow which may be distributed to owners without impairing the firms real capital. For a firm with a positive profit stream under constant prices it is shown that inflation may cause negative profits, even if all prices rise with the same rate. This means that it is not sufficient for the preser vation of real capital if rises in factor prices result in proportional rises of sales prices. This ist due to two effects: The first effect is caused by the necessity to hold cash and other monetary assets for current transactions; the growth of these assets, which is roughly proportional to the price level, has to be financed out of the cash flow thus reducing profit. The second effect is due to taxation; accounting profits are calculated on the basis of historical prices for inventories and depreciation. Financial plan ning must take into consideration the effects of inflation and try to find counter-strategies. Further the analysis permits some conclusions on the value of the firm and the rate of return on shares. It is shown, that the rate of return on shares will be higher than the rate of inflation (i Publisher Description The paper deals with the problem, how the profits of a firm are in- fluenced by inflation; some conclusions are drawn for the firms invest- ment and financing policy. Profit is defined as the part of cash flow which may be distributed to owners without impairing the firms real capital. For a firm with a positive profit stream under constant prices it is shown that inflation may cause negative profits, even if all prices rise with the same rate. This means that it is not sufficient for the preser- vation of real capital if rises in factor prices result in proportional rises of sales prices. This ist due to two effects: The first effect is caused by the necessity to hold cash and other monetary assets for current transactions; the growth of these assets, which is roughly proportional to the price level, has to be financed out of the cash flow thus reducing profit. The second effect is due to taxation; accounting profits are calculated on the basis of historical prices for inventories and depreciation. Financial plan- ning must take into consideration the effects of inflation and try to find counter-strategies. Further the analysis permits some conclusions on the value of the firm and the rate of return on shares. It is shown, that the rate of return on shares will be higher than the rate of inflation (i. e. Details ISBN 3531082760 ISBN-13 9783531082769 Title Wiederbelebung der privaten Investitionsttigkeit als wirtschaftspolitische Aufgabe. Finanzwirtschaftliche Planung in der Unternehmung bei Geldentwertung Author Gerhard Fels Format Paperback Year 1978 Pages 60 Edition 1978th Publisher Springer Fachmedien Wiesbaden GE_Item_ID:151362893; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys
Price: 72.16 USD
Location: Fairfield, Ohio
End Time: 2025-01-18T03:23:45.000Z
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
ISBN-13: 9783531082769
Book Title: Wiederbelebung der privaten Investitionsttigkeit als wirtschaftsp
Number of Pages: 60 Pages
Publication Name: Wiederbelebung der Privaten Investitionstätigkeit Als Wirtschaftspolitische Aufgabe. Finanzwirtschaftliche Planung in der Unternehmung Bei Geldentwert
Language: German
Publisher: VS Verlag Fur Sozialwissenschaften Gmbh
Item Height: 0.1 in
Publication Year: 1978
Subject: Finance / General, Economics / Macroeconomics, Money & Monetary Policy
Type: Textbook
Item Weight: 5 Oz
Author: Gerhard Fels
Subject Area: Business & Economics
Item Length: 9.6 in
Item Width: 6.7 in
Series: Rheinisch-Westfälische Akademie Der Wissenschaften Ser.
Format: Trade Paperback
