The Industrial Capital Circuit and Cash Flows in Construction Firms

Stephen L. Gruneberg and Graham J. Ive
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Stephen L. Gruneberg: University College London
Graham J. Ive: University College London

Chapter 11 in The Economics of the Modern Construction Firm, 2000, pp 251-269 from Palgrave Macmillan

Abstract: Abstract This chapter begins with a discussion about the economic implications of management in a firm. We look at the organisational and accounting concepts used to define and measure a firm. We then go on to discuss the industrial capital circuit and the social structures of accumulation, which form the preconditions necessary for capital accumulation by firms to take place. This approach using capital circuits enables both organisational and accounting approaches to be used in the same model. We then compare and contrast profits and cash flows.

Keywords: Balance Sheet; Trade Credit; Productive Resource; Share Capital; Investment Expenditure (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51043-2_11

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DOI: 10.1057/9780230510432_11

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