Clean Surplus - A Link Between Accounting and Finance

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.

List of contents

Historical Perspective, Analytical Properties of Clean Surplus Equation, The Theory of the Clean Surplus Equation, Implications for Empirical Research.

About the author

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

Summary

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.

Product details

• Authors: Richard P. Peasnell Brief
• Assisted by: Richard P Brief (Editor), Richard P. Brief (Editor), Brief Richard P. (Editor), K V Peasnell (Editor), K. V. Peasnell (Editor), K.V. Peasnell (Editor), Peasnell K. V. (Editor)
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 07.12.2015
• EAN: 9781138970892
• ISBN: 978-1-138-97089-2
• No. of pages: 324
• Series: Routledge New Works in Accounting History; Routledge New Works in Account; Routledge New Works in Accounting History
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business & Economics / General, Business and Management, Business & management