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Research needed fundamental theories

It can play one of two roles. First, as an end in itself or as an alternative or adjunct to profitability and shareholder equity, or, second, as an intermediate objective leading to one of these more fundamental outcomes. If we examine the first of these alternatives we see a range of theories that have subordinated profitability to other variables as primary outcomes. For example, research in the economic theory of commercial banking modifies the basic economic goal of profitability to include a superordinate need for liquidity (Cooper, 1949), and Margolis (1958) argues that the context of uncertainty in which business activities are conducted will lead so-called deliberative firms to utilize criteria that they believe will lead to profitability in this... [Pg.89]

Up to now there has been no general theory for the description and prediction of heterogeneous catalytic processes. The reason is the complexities of real systems, which consist of numerous components, including structure and dispersion stabilizers, dopants, additives for increased selectivity, and many others. Therefore, there is great need for research on the behavior of catalyst surfaces that consist of several components [4]. The fundamental knowledge required, for example, to improve the selectivity of catalysts is also lacking. [Pg.435]


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Fundamental research

Research needed

Research needs

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