Economic conservation laws as indices of corporate performance |
| |
| Institution: | 1. College of Mathematics and Systems Science, Shandong University of Science and Technology, Qingdao, Shandong 266590, China;2. College of Information and Control Engineering, Shandong Vocational University of Foreign Affairs, Rushan, Shandong, China;3. Department of Mathematical Sciences, International Institute for Symmetry Analysis and Mathematical Modeling, North-West University, Mafikeng Campus, Mmabatho, South Africa;4. School of Science, Zhejiang University of Science and Technology, Hangzhou 310023, China;5. Department of Mathematics, College of Science, Taif University, Taif 21944, Saudi Arabia |
| |
| Abstract: | This paper attempts to apply to corporate behavior at the microeconomic level an analytical method known as economic conservation laws. At the macro level, efficient operation and performance of nations are analyzed by the income-wealth conservation law. Corporate management needs to be able to judge whether or not a company can achieve the maximum long-run profit. The aim of this paper is to use conservation laws to test corporate performance. The paper gives a simple explanation of the so-called Noether Theorem and presents typical examples of corporate models. Then economic conservation laws under different hypotheses are derived. These laws are tested by both the U.S. data and Japanese data. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
