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The Allocation of Profits

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Business Finance & the Capital Market

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Abstract

This final chapter in the section concerned with financial control examines the way in which the profit an organisation makes is allocated to the various competing claims. This allocation is made by the directors, and although it might appear a formality, because all profits after paying dividends on earlier ranking capital belong to the ordinary-share holder, in practice it is rather more complicated. The ordinary-share holder never does get his full due immediately, be it because of Government policy, or directors building up the company over which they hold power, or any of the other diverse reasons discussed hereafter.

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Further Reading

  • G. Bull and A. Vice, Bid for Power (Elek Books 1958).

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  • J. C. Harper, Profit Sharing in Practice and Law (Sweet & Maxwell 1955).

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  • Gordon Hoskin, Pension Schemes and Retirement Benefits, 2nd cumulative supplement (Sweet & Maxwell 1960).

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  • M. Pilch and V. Wood, Pension Schemes (Hutchinson 1960).

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  • M. Pilch and V. Wood, New Trends in Pension Schemes (Hutchinson 1964).

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  • Alex Rubner, The Ensnared Shareholder (Macmillan 1965).

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  • B. Tew and R. F. Henderson, Studies in Company Finance, National Institute of Economic & Social Research (Cambridge University Press 1959).

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  • ‘Group Pensions Survey’, The Accountant (26 Mar 1966).

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  • ‘Preserving Pension Rights’, The Accountant (2 Apr 1966).

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Authors
  1. K. Midgley B.A., B.Sc. (Econ.), A.C.I.S.
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  2. R. G. Burns A.A.C.C.A.
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Copyright information

© 1969 K. Midgley and R. G. Burns

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Midgley, K., Burns, R.G. (1969). The Allocation of Profits. In: Business Finance & the Capital Market. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15309-1_10

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