Corporate savings

The corporate savings (Su) is a flow quantity in the national accounts .

It is calculated from the difference between corporate investment (Iu) and household savings (Sh). The savings made by private households thus ( ex post ) also represent the financing needs of companies.

If reserves (accumulated income surpluses) are formed from corporate savings and investments are made from them later, this is referred to as internal financing of the corporate sector.

application

On the company's financing needs

The amount of corporate savings results from the amount of corporate investment minus the amount of household savings , represented as a formula:

${\ displaystyle S ^ {u} = I ^ {u} -S ^ {h}}$

this formula is derived from the calculation formula for business investments:

${\ displaystyle I ^ {u} = S ^ {h} + S ^ {u}}$

Incl. state savings (creation of surpluses or repayment from surpluses ), the financing requirements of companies are:

${\ displaystyle I ^ {u} = S ^ {h} + S ^ {u} + S ^ {S}}$

literature

Dieter Brümmerhoff, Michael Grömling: National accounts. 9th edition. Munich 2011.

Individual evidence

^ Klaus Wollenberg, Rainer Fischbach: Economics. Introduction and basics. 13th edition. Munich 2007. p. 134. ( online )
↑ Oesterreichische Nationalbank, January 22, 2008: The Introduction of Quarterly Sector Accounts for the Euro Area: Main Features and Concepts of National Accounts for the Euro Area: ( Page no longer available , search in web archives ) Info: The link was automatically marked as broken . Please check the link according to the instructions and then remove this notice. "With the help of the national accounts for the euro area , it is now also possible to derive quarterly measurements for the profits and internal financing of financial and non-financial corporations."@1@ 2Template: Toter Link / www.oenb.at

↑ Advisory Council on the Assessment of Overall Economic Development: Annual Report 2013/14: Against a backward-looking economic policy. (PDF; 6.0 MB) p. 76:
"The significantly lower demand for corporate loans - especially from large companies - is, according to the survey, mainly due to the use of internal financing by companies."

[1] Klaus Wollenberg, Rainer Fischbach: Economics. Introduction and basics. 13th edition. Munich 2007. p. 134. ( online )

[2] Oesterreichische Nationalbank, January 22, 2008: The Introduction of Quarterly Sector Accounts for the Euro Area: Main Features and Concepts of National Accounts for the Euro Area: ( Page no longer available , search in web archives ) Info: The link was automatically marked as broken . Please check the link according to the instructions and then remove this notice. "With the help of the national accounts for the euro area , it is now also possible to derive quarterly measurements for the profits and internal financing of financial and non-financial corporations."@1@ 2Template: Toter Link / www.oenb.at

[3] Advisory Council on the Assessment of Overall Economic Development: Annual Report 2013/14: Against a backward-looking economic policy. (PDF; 6.0 MB) p. 76:
"The significantly lower demand for corporate loans - especially from large companies - is, according to the survey, mainly due to the use of internal financing by companies."