Magni, Carlo Alberto - Dipartimento di Economia "Marco Biagi", Università … - 2009
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 …