Clean Surplus: A Link Between Accounting and Finance (Paperback) (ISBN-13: 9781138970892)

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.

Author: Richard P. Brief
ISBN-10: 1138970891
ISBN-13: 9781138970892
Publisher: Routledge
Language: English
Published: 12/07/2015
Pages: 324
Format: Paperback
Weight: 0.96lbs
Size: 9.00h x 6.00w x 0.68d