Determination of structure and correct calculation of a company's capital value is an essential; theoretical and practical problem for corporate finance. The proportion between the company's equity and borrowed capital determines the risk and profitability of the company and, consequently, the...

This paper presents a theoretical framework for valuation, investment decisions, and performance measurement based on a nonstandard theory of residual income. It is derived from the notion of “unrecovered” capital, which is here named “lost” capital because it represents the capital...

This study analyzes the impacts of information on relative performance evaluations and the efficiency of accounting information systems for agencies in which multiple agents individually exert efforts confronting correlated uncertainties. When a public signal provides garbled information of an...