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

ranking the impact of the key accounting parameters on the resulting values and we show how the uncertain accounting and …

Literature and textbooks on capital budgeting endorse net present value (NPV) and generally treat accounting rates of … return as not being reliable tools. This paper shows that accounting numbers can be reconciled with NPV and fruitfully …

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 …