Clean Surplus: A Link Between Accounting and Finance (Routledge New Works in Accounting History)

Peasnell, K. V.

ISBN 10: 1138970891 / ISBN 13: 9781138970892

Published by Routledge, 2015

About this Item

324 pages. 9.01x5.98x0.71 inches. In Stock.

Seller Inventory # x-1138970891

Bibliographic Details

• Title: Clean Surplus: A Link Between Accounting and Finance (Routledge New Works in Accounting History)
• Publisher: Routledge
• Publication Date: 2015
• Language: English
• ISBN 10: 1138970891
• ISBN 13: 9781138970892
• Binding: Paperback
• Condition: Brand New
• Weight: 0.6 kilograms

About this title

Synopsis

First published in 1996. The relationship between the present discounted value of future cash flows and discounted excess earnings should be viewed as a mathematical property of a double-entry book[1]keeping system based on clean surplus. The purpose of this anthology is to facilitate future research by highlighting these historical developments and by showing how more recent theoretical and empirical research fits into the earlier history. The book is divided into four sections: historical overview; analytical properties of clean surplus; the theory of the clean surplus equation; and empirical implications.

About the Author

Richard P. Brief (Edited by) K. V. Peasnell (Edited by)