Productivity Accounting

The Economics of Business Performance

Business & Finance, Finance & Investing, Finance, Economics
Cover of the book Productivity Accounting by Emili Grifell-Tatjé, C. A. Knox Lovell, Cambridge University Press
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Author: Emili Grifell-Tatjé, C. A. Knox Lovell ISBN: 9781316093801
Publisher: Cambridge University Press Publication: January 26, 2015
Imprint: Cambridge University Press Language: English
Author: Emili Grifell-Tatjé, C. A. Knox Lovell
ISBN: 9781316093801
Publisher: Cambridge University Press
Publication: January 26, 2015
Imprint: Cambridge University Press
Language: English

The productivity of a business exerts an important influence on its financial performance. A similar influence exists for industries and economies: those with superior productivity performance thrive at the expense of others. Productivity performance helps explain the growth and demise of businesses and the relative prosperity of nations. Productivity Accounting: The Economics of Business Performance offers an in-depth analysis of variation in business performance, providing the reader with an analytical framework within which to account for this variation and its causes and consequences. The primary focus is the individual business, and the principal consequence of business productivity performance is business financial performance. Alternative measures of financial performance are considered, including profit, profitability, cost, unit cost, and return on assets. Combining analytical rigor with empirical illustrations, the analysis draws on wide-ranging literatures, both historical and current, from business and economics, and explains how businesses create value and distribute it.

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The productivity of a business exerts an important influence on its financial performance. A similar influence exists for industries and economies: those with superior productivity performance thrive at the expense of others. Productivity performance helps explain the growth and demise of businesses and the relative prosperity of nations. Productivity Accounting: The Economics of Business Performance offers an in-depth analysis of variation in business performance, providing the reader with an analytical framework within which to account for this variation and its causes and consequences. The primary focus is the individual business, and the principal consequence of business productivity performance is business financial performance. Alternative measures of financial performance are considered, including profit, profitability, cost, unit cost, and return on assets. Combining analytical rigor with empirical illustrations, the analysis draws on wide-ranging literatures, both historical and current, from business and economics, and explains how businesses create value and distribute it.

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