accounting literature. While the standard residual income is formally computed as profit minus cost of capital times actual …

Accounting measures are traditionally considered not significant from an economic point of view. In particular …, accounting rates of return are often regarded economically meaningless or, at the very best, poor surrogates for the IRR, which … accounting/economic is artificial and, taking a capital budgeting perspective, illustrates the strong (formal and conceptual …

return can take on (internal rate of return, average accounting rate of return, modified internal rate of return etc.) derive … accounting. Some guidelines for practitioners are also provided …

In both finance and accounting, the Return On Equity (ROE) is considered a biased indicator of economic profitability …

it from four main perspectives: financial, microeconomic, axiomatic, accounting. Implications for asset valuation … for measuring performance with either paradigm; the average accounting rate of return is shown to be more reliable than …

connecting management accounting, corporate finance and financial mathematics (Peasnell, 1981, 1982; Peccati, 1987, 1989, 1991 …

). Its use is so firmly entrenched in applied corporate finance and management accounting that its name is often used as a …

perspective, the two models are actually always consistent. Methodologically, the idea is, so to say, accounting-flavoured: it …