Accounting Duality Concept for the Analysis of the Corporate Capital : Scientific and Applied Aspects

The study considers the dynamic aspect of the corporate value analysis and justifies the duality concept of accounting in terms of value flows and cash flows within the “risk-return” trade-off. The article attempts to build a unified analytical framework for positive accounting research of the corporate value based on the specific dimension and crucial role of the accounting duality concept. In conclusion, the results from an empirical study of Bulgarian public companies from the industrial sector for the period 2007-2008 confirm the usefulness of the general methodological framework