The report's main author, Richard Jolly, says: "The world is rushing headlong into greater integration, driven mostly by a philosophy of market profitability and economic efficiency".
Not good if you believe that the latest legs of the bull market have rested on a widening of corporate profitability.
Despite expectations of higher corporate profitability, the market is shining a spotlight on profit margins which shortly could top out at their pre-recession level.
The authors compare the profitability of small banks operating in only one local market in two periods, 1982-90 and 1991-2000.
Shipping lines are still placing orders partly because some of them still think in terms of market share, rather than profitability.
While its rivals were dealing with government bailouts, Ford grabbed more than two points of market share, returned to profitability and began repairing its heavily leveraged balance sheet.
FORBES: Ford Family's Stake Is Smaller, But They're Richer And Still Firmly In Control
But now the impact on exports of higher oil prices, coupled with a sharp rise in the yen since last summer a consequence largely of financial-market volatility throws that profitability into question.
With peak season demand in the fourth quarter expected to increase 30 percent on-quarter, Samsung aims to outperform the market and enhance profitability through marketing and sales expansion of premium products such as LED TVs and Smart TVs supported by customized TV applications.
ENGADGET: Samsung's Q3 2011 overall profit falls despite incredible phone sales
However, Samsung's overall on-quarter profitability improved on the back of demand for OLED panels from the growing tablet device market.
ENGADGET: Samsung's Q3 2011 overall profit falls despite incredible phone sales
We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions.
Ironically, free market economies have managed to innovate fast enough to sustain the profitability of new capital investment during the 144 years since the publication of Das Kapital.
"Profitability can be as simple as being in a protected market and having lots of privately insured patients, " says Michael Millenson, a consultant with Health Quality Advisors in Highland Park, Ill.
The Semiconductor Business sustained profitability in the quarter, amid weak market demand, thanks to a mix of high-margin products such as servers and Solid State Drives (SSDs) coupled with differentiated 20-nanometer class NAND flash chips.
ENGADGET: Samsung reports $8.27 billion in profits for Q4 2012 HD
Sometimes paradoxically in the Venture Capital start-up world, it is easier to raise money than to execute a strategy, specifically in achieving victory as the top firm globally in terms of subscribers and market share (in hyper-growth, revenues and profitability stand behind world domination).
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Worldwide, companies like Hunter Douglas (manufacturer of custom-made window fashions in North America) and Vitamix (world leader in high-performance blending equipment) are finding out that the flexibility of our solutions can help improve productivity and profitability in a market where both supply and demand is changing.
In other words, the market price already prices in a pretty huge turnaround in the profitability and growth of this business.
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Its vehicle businesses have gained market share in three out of four regions in 2004, achieving record profitability in Asia Pacific and returning to profit in Latin America, the Middle East and Africa.
This entertainment market rakes in billions of dollars a year, and many small and large companies enjoy profitability as consumers seek to buy the latest and greatest.
FORBES: Forget Spending Money on Home Entertainment, Profit From It
That price translates into a price to economic book value ratio of 0.5, which means the market is predicting a permanent 50% decline in its profitability, an awfully pessimistic assumption.
In addition, a number of large Japanese companies are due to report earnings this week, which will provide the market with a chance to see how much of an impact the weaker yen is having on profitability.
Their profitability is considerably lower than that of their biotechnology peer, Gilead Sciences, but they are valued more highly in the market.
FORBES: Frequently Asked Questions About The Innovation Premium
Secondly, under the efficient market hypothesis, no single investor is ever able to attain greater profitability than another with the same amount of invested funds: their equal possession of information means they can only achieve identical returns.
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