Estimating the Economic Rate of Return From Accounting Data (RLE Accounting): 1st Edition (Paperback) book cover

Estimating the Economic Rate of Return From Accounting Data (RLE Accounting)

1st Edition

Edited by Richard P. Brief


214 pages

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Published between 1965 and 1985 the papers in this collection address the problem of using accounting data to estimate the economic rate of return. The search for a solution to this problem has been an important episode in the history of accounting thought. The papers reprinted in this volume are the foundation of this intellectual effort. Ten articles and six notes and comments are reprinted here. Seven of the papers were published in UK journals and the rest in US publications. Bringing them together in one book will facilitate research on this important subject.

Table of Contents

1. The Accountant in a Golden Age G. C. Harcourt 2. Return on Investment: The Relation of Book Yield to True Yield Ezra Solomon 3. Discussion Comments on Solomon’s Paper Stephen A. Zeff 4. Income Models, Book Yield and the Rate of Return William J. Vatter 5. Alternative Rate of Return Concepts and Their Implications for Utility Regulation Ezra Solomon 6. Relationship Between the Accounting and the Internal Rate of Return Measures: A Synthesis and an Analysis John Leslie Livingstone and Gerald L. Salmon 7. The Measurement of Corporate Rates of Return: A Generalized Formulation Thomas R. Stauffer Accountants, Too, Could be Happy in a Golden Age: The Accountants Rate of Profit and the Internal Rate of Return J. A. Kay 8. Accounting Rate of Profit and Internal Rate of Return F. K. Wright 9. Accounting Rate of Profit and Internal Rate of Return: A Reply 10. On the Use of the Accounting Rate of Return in Empirical Research Geoffrey Whittington 11. On the use of the Accounting Rate of Return in Empirical Research: A Correction L. C.L. Skerrat and G. Whittington 12. Estimating the Internal Rate of Return from Accounting Data – A Note A. W. Stark 13. Cash Recovery Rates and Measures of Firm Profitability Gerald L. Salamon 14. Some Formal Connections Between Economic Values and Yields and Accounting Numbers K. V. Peasnell 15. Limitations of Using the Cash Recovery Rate to Estimate the IRR: A Note Richard P. Brief.

About the Editor

Multivolume collection by leading authors in the field

About the Series

Routledge Library Editions: Accounting

Accounting carries with its history a vast number of ideas which have slowly developed along with it.

The re-issued volumes in this set, available individually or as a set, together represent an unparalleled opportunity to build a library according to research interests or student requirements. They discuss the following:

  • history of accounting and the development of accounting theory
  • analysis of international accounting principles and international group accounting
  • accounting practice and the presentation & interpretation of accounts
  • inflation accounting and cash budgets and funds flow
  • the regulatory framework of accounting in the UK, China, and the USA
  • comparisons with international accounting standards.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Accounting / General