Depreciation rules and the relation between marginal and historical cost

Journal of Accounting Research

Volumn 47, Issue 3, 2009, Pages 823-865

  Rajan, Madhav V ^a   Reichelstein, Stefan ^a  

^a STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 63849105410     PISSN: 00218456     EISSN: 1475679X     Source Type: Journal    
DOI: 10.1111/j.1475-679X.2009.00334.x     Document Type: Article

References (49)

1. Areeda, P., and D. Turner Predatory Pricing and Related Practices Under Section 2 of the Sherman Act Harvard Law Review 88 (1975 697 733.
2. Arrow, K. Optimal Capital Policy, Cost of Capital and Myopic Decision Rules Annals of the Institute of Statistical Mathematics 1-2 (1964 21 30.
3. Baldenius, T., and S. Reichelstein Incentives for Efficient Inventory Management: The Role of Historic Cost Management Science 51 (2005 1032 45.
4. Baldenius, T., and A. Ziv Performance Evaluation and Corporate Income Taxes Review of Accounting Studies 8 (2003 283 309.
5. Ball, R., and S. Kothari Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism Working paper, University of Chicago, 2007.
6. Bareket, M., and A. Mohnen Performance Measurement for Investment Decisions Under Capital Constraints Review of Accounting Studies 10 (2007 527 52.
7. Basu, S. The Conservatism Principle and the Asymmetric Timeliness of Earnings Journal of Accounting and Economics 24 (1997 3 37.
8. Beaver, W., and R. Dukes δ-Depreciation Methods: Some Analytical Results Journal of Accounting Research 9 (1974 391 419.
9. Beaver, W., and S. Ryan Conditional and Unconditional Conservatism Review of Accounting Studies 38 (2005 127 48.
10. Bierman, H. Depreciable Assets-Timing of Expense Recognition The Accounting Review 36 (1961 613 18.
11. Biglaiser, G., and M. Riordan Dynamics of Price Regulation RAND Journal of Economics 31 (2000 744 67.
12. Bodenhorn, D. An Economist Looks at Industrial Accounting and Depreciation The Accounting Review 36 (1961 583 8.
13. Danielson, M., and E. Press Accounting Returns Revisited: Evidence of Their Usefulness in Estimating Economic Returns Review of Accounting Studies 8 (2003 493 530.
14. Domowitz, L. R. Hubbard and B. Petersen Business Cycles and the Relationship between Concentration and Price-Cost Margins RAND Journal of Economics 17 (1986 1 17.
15. Dutta, S., and S. Reichelstein Accrual Accounting for Performance Evaluation Review of Accounting Studies 10 (2005 527 52.
16. Edwards, J. J. Kay and C. Meyer. The Economic Analysis of Accounting Profitability. Oxford : Oxford University Press, 1987.
17. Feltham, G., and J. Ohlson Uncertainty Resolution and the Theory of Depreciation Measurement Journal of Accounting Research 34 (1996 209 34.
18. Fisher, F. On the Misuse of the Profit-Sales Ratio to Infer Monopoly Power RAND Journal of Economics 18 (1987 384 96.
19. Fisher, F., and J. Mcgowan On the Misuse of Accounting Rates of Return to Infer Monopoly Profits American Economic Review 96 (1983 82 97.
20. Friedl, G. Ursachen und Loesung des Unterinvestitionsproblems bei einer kostenbasierten Preisregulierung Die Betriebswirtschaft 67 (2007 335 48.
21. Gjesdal, F. A Steady State Growth Valuation Model: A Note on Accounting and Valuation Working paper, University of Bergen, 2004.
22. Goex, R., and U. Schiller An Economic Perspective on Transfer Pricing in Handbook of Management Accounting Research, edited by C. Chapman, et al. Amsterdam : Elsevier, 2007 : 673 95.
23. Hotelling, H. A General Mathematical Theory of Depreciation Journal of the American Statistical Association 20 (1925 340 53.
24. Kreps, D. Microeconomics for Managers. New York : Norton & Company, 2004.
25. Lev, B. Intangibles. Washington, DC : The Brookings Institution, 2001.
26. Long, W. D. Lean D. Ravencraft and C. Wagner. Benefits and Costs of the Federal Trade Commission's Line-of-Business Program, Vol 1: Staff Analysis. Washington, DC : Federal Trade Commission, 1982.
27. Marsden, J. Elementary Classical Analysis. San Francisco, CA : W. H. Freeman and Company, 1974.
28. Martin, S. Advanced Industrial Economics. Oxford : Blackwell Publishers, 2002.
29. Mueller, D. Profits in the Long-Run. New York : Cambridge University Press, 1986.
30. Ohlson, J., and Z. Gao Earnings, Earnings Growth and Value Foundations and Trends in Accounting 1 (2006 1 70.
31. Ohlson, J., and X. Zhang Accrual Accounting and Equity Valuation Journal of Accounting Research 36 (1998 85 111.
32. Penman, S. Financial Statement Analysis for Security Valuation. New York : McGraw-Hill Press, 2006.
33. Pfeiffer, T., and G. Schneider Residual Income-Based Compensation Plans for Controlling Investment Decisions Under Sequential Private Investment Management Science 53 (2007 495 507.
34. Preinreich, G. Annual Survey of Economic Theory: The Theory of Depreciation Econometrica 6 (1938 219 31.
35. Proakis, J., and D. Manolakis. Digital Signal Processing. Upper Saddle River, NJ : Prentice Hall, 2006.
36. Rajan, M. S. Reichelstein and M. Soliman Conservatism, Growth, and Return on Investment Review of Accounting Studies 12 (2007 325 70.
37. Reichelstein, S. Investment Decisions and Managerial Performance Evaluation Review of Accounting Studies 2 (1997 157 80.
38. Rockafellar, R. Convex Analysis. Princeton, NJ : University Press, 1970.
39. Rogerson, W. Intertemporal Cost Allocation and Managerial Investment Incentives: A Theory Explaining the Use of Economic Value Added as a Performance Measure Journal of Political Economy 105 (1997 770 95.
40. Rogerson, W. On the Relationship Between Historic Cost, Forward-Looking Cost and Long Run Marginal Cost Working paper, Northwestern University, 2008a.
41. Rogerson, W. Inter-Temporal Cost Allocation and Investment Decisions Journal of Political Economy 116 (2008b 931 50.
42. Salamon, G. Accounting Rates of Return The American Economic Review 75 (1985 495 504.
43. Skogsvik, K. Conservative Accounting Principles, Equity Valuation and the Importance of Voluntary Disclosures British Accounting Review 30 (1998 361 81.
44. Solomons, D. Divisional Performance: Measurement and Control. Homewood, IL : Irwin, 1965.
45. Stark, A. Estimating Economic Performance from Accounting Data: A Review and Synthesis The British Accounting Review 36 (2004 321 43.
46. Stauffer, T. The Measurement of Corporate Rates of Return Bell Journal of Economics 2 (1971 434 69.
47. Watts, R. Conservatism in Accounting, Part I: Explanations and Implications Accounting Horizons 17 (2003 207 21.
48. Young, D., and S. O'byrne. EVA and Value-Based Management: A Practical Guide to Implementation. New York, NY : McGraw-Hill Press, 2001.
49. Zhang, X. Conservative Accounting and Equity Valuation Journal of Accounting and Economics 29 (2000 125 49.