ABSTRACT

This monograph is concerned with individual, though related, aspects and economic implications of historic cost (HC) accounting indices. The conceptual basis of the model that is advocated as a yardstick for assessing such implications, including potential corporate financial policy consequences, namely, a multiperiod cash flow-market value (CF-MV) model, is elaborated and evaluated at some length.

chapter |12 pages

Introduction

chapter 3|46 pages

The Financial Performance of U.S. Nonfinancial Corporate Business 1945–1990

I. Data and Preliminary Analysis

chapter 4|34 pages

The Financial Performance of U.S. Nonfinancial Corporate Business 1945–1990

II. Financial Policy and Fiscal Implications of Cash Flow-Accruals Relationships

chapter 5|51 pages

The Financial Performance of U.S. Nonfinancial Corporate Business 1945–1990

III. CF-MV Accounting Performance and HC Accounting Performance

chapter 7|54 pages

Individual Company Performance

Corporate Income Distributions

chapter 9|24 pages

Literature Survey