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Clean Surplus
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Clean Surplus : A Link Between Accounting and Finance

Book Details

Format Hardback
ISBN-10 0815322518
ISBN-13 9780815322511
Publisher Taylor & Francis Inc
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Feb 1st, 1996
Print length 324 Pages
Weight 760 grams
Product Classification: Accounting
KSh 42,300.00
Currently unavailable 0 in stock

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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.

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