1 - 9 of 9 articles
Abstract: This paper summarizes the results of a survey, conducted in 1979, which investigated Australian practice in the determination and use of investment hurdle rates, and in certain other areas of capital budgeting which impinge on hurdle rate practice. The study suggests a significant...
Abstract: Effective communication of the information contained in audit reports depends on how easily the general user of such reports can understand them. This study of audit reports indicates that many users of the reports have difficulty in understanding them.
Abstract: Using the Black‐Scholes option pricing model, numerical examples are given which illustrate the known fact that shareholders in a levered firm might reject investments which are profitable for the company as a whole and accept investments which are unprofitable for the company as a...
Book reviewed in this article: Robert C. Gift, Corporate Accounting in Australia K. J. Lea, Accounting for Intercompany Investments D. J. Hatherly, The Audit Evidence Process David J. Fraser and Maxwell E. Aitken, Stettler's Systems Based Audits R. J. Chambers, Price Variation and Inflation...
Abstract: Currently, there is not an adequate data base which would cover the performance of the corporate sector at the industry level. The Australian Financial Systems Inquiry has initiated the development of such a data base, which includes both financial and market variables to quantify the...
This paper examines the degree of association between certain measures of risk that commonly feature in the accounting literature, and the β coefficient, the risk measure given by the capital asset pricing model. Tests were applied to a subset of New Zealand listed public company securities. A...
Abstract: This paper considers the single‐period Capital Asset Pricing Model and its shortcomings for corporate investment decisions. The conditions under which a multi‐period version of the model can be developed are discussed. Previous notable attempts at developing such a model by a number of...
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