HOW THE MOST PROFITABLE AMERICAN CORPORATIONS EVOLVED IN THE PERIOD 2019-2022

Toma Sorin-George
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Toma Sorin-George: FACULTY OF BUSINESS AND ADMINISTRATION, UNIVERSITY OF BUCHAREST, BUCHAREST, ROMANIA

Annals - Economy Series, 2024, vol. 5, 266-272

Abstract: The roots of the modern corporation are to be found in the Dutch Republic and British Empire. In the last decades, more and more countries of the world have organized their economies around corporations, either public or private, either multinationals or transnationals. The large business corporation has become not only the main organization of the market economy but also one of the most representative institutions of society. Today’s large American corporations dominate most of the markets in which they operate either internal or external. The paper aims to present and briefly analyse the ranking of the most profitable American corporations in the period 2019-2022. To reach this goal the author used a qualitative research method. The results of the study concluded that the hierarchy of the most profitable American corporations in the period 2019-2022 suffered small changes at its top. In 2019, Berkshire Hathaway, a conglomerate holding company, dominated the ranking whereas Apple, a colossus from the IT&C sector, obtained the highest profit the following three consecutive years. The paper provides a theoretical framework for a better understanding of the American corporations. Also, it presents and analyse the evolution of the ten most profitable American corporations in the period 2019-2022.

Keywords: corporation; profit; United States of America; ranking; Apple (search for similar items in EconPapers)
Date: 2024
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