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Looking over the last five years, £2.4bn, which is equivalent to 50% of the aggregate profits over that period, has been spent on other commercial activities.
For everyone else, the key point is that the aggregate profits earned by a nation's corporations come from the aggregate spending of their customers: households, the government, foreigners, and other businesses.
Given the dollar's rise, and the impact of low oil prices on energy firms' profits, Deutsche thinks that the aggregate profits of S&P 500 companies will be no higher this year than last.
The rational is that the headquarters agents internalize subsidiaries' profits and, therefore, take into account the aggregate profits of the company during negotiations, putting unions in a stronger bargaining position.
Our key finding is that when it is the worker who proposes the contract and the contract includes the worker's promised effort level, both the worker's actual effort choice and the aggregate profits are significantly higher than in each of the other three treatments (and there is little difference in worker effort otherwise).
In other words, the general management of the MNE considers the aggregate profits of both plants when bargaining with the union of plant (i), whereas decentralized bargaining at plant level implies that each subsidiary takes into account only its own profits.
Similar(54)
Aggregate profits for the six months through September 30 were also suppressed by the cost of covering shortfalls in the company's reserves for pensions.
After more than half of the major companies on the Tokyo Stock Exchange reported lower profits or bigger losses for the first half, an article in Nihon Kezai predicted that aggregate profits would plunge 74percentt for the year.
Aggregate profits have collapsed, from the equivalent of 6% of GDP in the late 1980s, to about 1% of GDP today.
Aggregate profits and market value took the steepest hit in the latest version of the Global 2000.
Aggregate profits growth has been flattered by the performance of Wall Street firms and distorted by one-off changes in the accounting treatment of inventory profits and depreciation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com