American Corporations and Their Executives: A Statistical Inquiry
F. W. Taussig and
W. S. Barker
The Quarterly Journal of Economics, 1925, vol. 40, issue 1, 1-51
Abstract:
I. Subject and methods of the inquiry: Industries covered and questions asked, 1. — A pre-war period selected, 7. — Arrangement of the returns by classes and groups, 9. — II. Stock ownership by executives: Their salaries, 11. — Extent to which executives hold stock in large concerns, 12. — In moderate and small concerns, 14. — Stockholdings by relatives or friends of the executives, 18. — Executive salaries, by classes and groups, 19. — Fixity of salaries; only in the long run adjusted to corporate earnings, 20. — Proportion of management expense to capital, 23. — Proportion in close corporations and in those widely owned, 27. — Rarity of arrangements for bonus or profit-sharing, 28. — III. Earnings and surpluses, for all classes, 30. — For the first class, 33. — For the second class, 34. — Earnings in the first class more regular but less high, 35. — Dividends and surpluses, 37. — Significance of surplus, 39. — IV. The theory of profits: Contrast between American and European practice, 40. — Two views on theory: the one regarding business profits as a form of wages, the other as distinct from wages, 40. — American practice in accord with the second view, 42. — European practice, especially on the Continent, implies more nearly the first view: The tantième, 43. — The merits and demerits of the two practices, 48. — Conclusion, 59.
Date: 1925
References: Add references at CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
http://hdl.handle.net/10.2307/1885814 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:40:y:1925:i:1:p:1-51.
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva
More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().