Models of social mobility

Properties of measures and models of social mobility are analyzed in relation to the conceptualization of mobility. Two main objectives of mobility research are identified. One is the study of determinants of occupational achievement, the other is the study of mobility as a characteristic of social systems. It is shown that the realization of both objectives is hindered by a failure of commonly used models and measures of mobility to separate out the various individual and structural factors responsible for mobility.     

Critical decision areas in corporate financial policy

The argument in this paper rests on the assumption that the prime objective of any corporate activity must in some way be related to a profitability goal, however this may be measured, however this may be defined, and however this may be constrained by the relevance of a times-cale.

The paper makes some comments on the selection of a corporate objective or goal but mainly it considers the direct contribution that financial management can make to achievement of this goal. It distinguishes this from the accounting rôle which is more appropriately concerned with measuring and monitoring progress towards the goal.