摘要:

It is often claimed the double taxation inherent in the classical system of corporate taxation imposes an extra tax burden on corporate income and causes undesirable distortions in economic behaviour. In anticipation of suggestions for reform, consequent upon a major inquiry into the Australian financial system, this paper questions several of the traditional criticisms of the classical tax system and suggests that the supposed extra tax burden may not exist.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1983.tb00235.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

The currency translation problem is the same in kind as the inflation accounting problem. No demonstrable connection may be made between financial information and evaluation or choice unless the components of the information are derived uniformly in a dated setting. Proposals hitherto suffer in different degrees from heterotemporal aggregation and cross‐temporal translation. By recourse to four examples of different relations between an investor company and foreign investees, an integral method is described for dealing with foreign transactions and investments, where prices and inflation rates are different and exchange rates may vary. The essence of the process is that the components of financial statements shall be made to correspond with their factual or factually based features from time to tim

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1983.tb00236.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Accounting performance measures that capture results not controlled by the person being evaluated may be dysfunctional. The aim of this paper is to provide a framework for identifying situations in which outcomes are captured by such measures as are more (less) likely to be controllable. Results of a questionnaire survey support the claim that as task uncertainty increases, individuals perceive less control over financial outcomes.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1983.tb00237.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Agency theory rests on a well‐defined relationship between shareholders and managers. That relationship is examined and found to be a poorly denned state‐contingent contract. The implications of that finding, and the existence of only a weak market for managers, lead to the conclusion that the traditional assumptions about the rights of shareholders no longer apply and that common stock (ordinary share capital) is obsol

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1983.tb00238.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

When a firm maintains its debt/equity ratio, changes in expectations of inflation lead to windfall gains through the ‘Fisher Effect’. Contrary to other studies, it is demonstrated here that the gain can be distributed to equity owners without impairing the firm's capacity to retire its d

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1983.tb00239.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

A report of an experiment testing analysts' reactions to alternative ways of reporting lease commitments. Results indicate that reporting methods affect the behaviour of financial analysts in projecting earnings, but not in share valuations.

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1983.tb00240.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0001-3072    

DOI:10.1111/j.1467-6281.1983.tb00241.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY