The Cash Recovery Method of Calculating Profitability: An Application to Pharmaceutical Firms

The Cash Recovery Method of Calculating Profitability: An Application to Pharmaceutical Firms The problems with commonly used accounting profit rates are well documented. In this paper an alternative to accounting profit rates, the cash recovery method is investigated and improved. This improved method is used as a means to estimate profitability in the pharmaceutical industry on a firm level. The profitability estimates give a similar rank order to the accounting profitability rates, but have different magnitudes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

The Cash Recovery Method of Calculating Profitability: An Application to Pharmaceutical Firms

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1999 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007723726138
Publisher site
See Article on Publisher Site

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