FEASIBILITY ANALYSIS OF THE COMPREHENSIVE PROFIT TARGET

Xiaoliang Zhou, Xianliu Da

Research output: Contribution to journalArticle

Abstract

"The theoretical and practical dilemma of profit maximization offers an opportunity
for enterprises to achieve the target of laudable and harmonious development while pursuing
comprehensive profit. The realization of the comprehensive profit target is based on the expansion
of assumptions of self-regarding and stable preference in the mainstream analysis paradigm and
the integration of these preferences. Thus, the integrated individual preferences are the unity
of self-regarding and other-regarding preferences, which are scenario-dependent, endogenous,
evolutionary, and rooted in social systems. Analysis of the dynamic evolution of the integration
of individual preferences shows that the comprehensive profit target is the necessary claim of the
enterprise to maximize its profit, and it is an endogenous variable in the operation of enterprise.
This proves that it has far-reaching significances in economic theory and policy analysis of the
harmonious development of enterprises in the context of financial crisis."
Original languageEnglish
Pages (from-to)652-674
Number of pages23
JournalWorld Review of Political Economy
Volume1
Issue number4
Publication statusPublished - 2010
Externally publishedYes

Fingerprint

Profit
Feasibility analysis
Individual preferences
Integrated
Policy analysis
Evolutionary
Social systems
Financial crisis
An enterprise
Economic policy
Profit maximization
Endogenous variables
Paradigm
Other-regarding preferences
Scenarios
Economic theory

Keywords

  • comprehensive profit target
  • preference integration
  • dynamic evolutionary analysis

Cite this

FEASIBILITY ANALYSIS OF THE COMPREHENSIVE PROFIT TARGET. / Zhou, Xiaoliang ; Da, Xianliu .

In: World Review of Political Economy, Vol. 1, No. 4, 2010, p. 652-674.

Research output: Contribution to journalArticle

Zhou, Xiaoliang ; Da, Xianliu . / FEASIBILITY ANALYSIS OF THE COMPREHENSIVE PROFIT TARGET. In: World Review of Political Economy. 2010 ; Vol. 1, No. 4. pp. 652-674.
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