27
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

Problems in measuring the cash recovery rate and measurement error in estimates of the firm IRR

Pages 199-218 | Published online: 28 Jul 2006

References

  • Brief , R. 1985 . Limitations of Using the Cash Recovery Rate to Estimate the IRR: A Note . Journal of Business Finance and Accounting , : 473 – 475 .
  • Brief , R. , ed. 1986 . Estimating the Economic Rate of Return from Accounting Data , New York : Garland .
  • Buijink , W. and Jegers , M. 1989 . Accounting Rates of Return: Comment . Ameri can Economic Review , : 287 – 289 .
  • Dhaliwal , D. , Salamon , G. and Smith , E.D. 1982 . The Effect of Owner Versus Management Control on the Choice of Accounting Methods . Journal of Accounting and Economics , : 41 – 53 .
  • Gordon , L.A. and Hamer , M. 1988 . Rates of Return and Cash Flow Profiles: An Extension . Accounting Review , : 514 – 521 .
  • Griner , E.H. and Stark , A.W. 1988 . Cash Recovery Rates, Accounting Rates of Return and the Estimation of Economic Performance . Journal of Accounting and Public Policy , : 293 – 311 .
  • Griner , E.H. and Stark , A.W. 1991 . On the Properties of Measurement Error in Cash Recovery Rate Based Estimates of Economic Performance . Journal of Accounting and Public Policy , : 207 – 223 .
  • Hagerman , R. and Zmijewski , M. 1979 . Some Economic Determinants of Accounting Policy Choice . Journal of Accounting and Economics , : 141 – 161 .
  • Hirschey , M. 1982 . Intangible Capital Aspects of Advertising and R&D Expen ditures . Journal of Industrial Economics , : 375 – 390 .
  • Hirschey , M. and Weygandt , J.J. 1985 . Amortisation Policy and Advertising and Research and Development Expenditures . Journal of Accounting Research , : 326 – 335 .
  • Hubbard , C.M. and Jensen , R.E. 1991 . Lack of Robustness and Systematic Bias in Cash Recovery Rate Methods of Deriving Internal (Economic) Rates of Return for Business Firms . Journal of Accounting and Public Policy , : 225 – 242 .
  • Ijiri , Y. 1978 . Cash-flow Accounting and its Structure . Journal of Accounting, Auditing and Finance , : 331 – 348 .
  • Ijiri , Y. 1979 . “ Convergence of Cash Recovery Rate ” . In Quantitative Planning and Control , Edited by: Ijiri , Y. and Whinston , A. New York : Academic Press .
  • Ismail , B.E. 1987 . Some Time Series Properties of Corporate Cash Recovery Rates . Contemporary Accounting Research , : 76 – 88 .
  • Jegers , M. 1985 . Estimating the Internal Rate of Return From Published Finan cial Statements: A Comment . Journal of Business Finance and Accounting , : 609 – 610 .
  • Lawson , G.H. 1985 . The Measurement of Corporate Performance on a Cash Flow Basis: A Reply to Mr. Egginton . Accounting and Business Research , : 99 – 108 .
  • Lee , T.A. 1982 . Cash Flow Accounting and the Allocation Problem . Journal of Business Finance and Accounting , : 341 – 352 .
  • Lee , T.A. and Stark , A.W. 1987 . Ijiri's Cash Flow Accounting and Capital Budgeting . Accounting and Business Research , : 125 – 132 .
  • Rutherford , B.A. 1982 . The Interpretation of Cash Flow Reports and the Other Allocation Problem . Abacus , : 40 – 49 .
  • Rutherford , B. A. 1983 . Cash Flow Reporting and Distributional Allocations: A Note . Journal of Business Finance and Accounting , : 313 – 316 .
  • Salamon , G.L. 1982 . Cash Recovery Rates and Measures of Firm Profitability . Accounting Review , : 292 – 302 .
  • Salamon , G.L. 1985 . Accounting Rates of Return . American Economic Review , : 495 – 504 .
  • Salamon , G.L. 1988 . On the Validity of Accounting Rates of Return in Cross-sectional Analysis: Theory, Evidence, and Implications . Journal of Accounting and Public Policy , : 267 – 292 .
  • Salamon , G.L. 1989 . Accounting Rates of Return: Reply . American Economic Review , : 290 – 293 .
  • Salmi , T. 1982 . Estimating the Internal Rate of Return from Published Financial Statements . Journal of Business Finance and Accounting , : 63 – 74 .
  • Salmi , T. and Ruuhela , R. 1985 . Estimating the Internal Rate of Return from Published Financial Statements: A Reply . Journal of Business Finance and Accounting , : 611 – 612 .
  • Shinnar , R. , Dressier , O. , Feng , C.A. and Avidan , A. I. 1989 . Estimation of the Economic Rate of Return for Industrial Companies . Journal of Business , : 417 – 445 .
  • Stark , A.W. 1987 . On the Observability of the Cash Recovery Rate . Journal of Business Finance and Accounting , : 99 – 108 .
  • Stark , A.W. 1989 . On Testing the Assumptions Underlying the Cash Recovery Rate Approach to the Estimation of Economic Performance . Accounting and Business Research , : 277 – 285 .
  • Stark , A.W. 1992 . Some Analytics of Why Conditional IRRs Can Contain Growth Rate Related Measurement Error . Journal of Business Finance and Accounting , forthcoming
  • Stark , A.W. , Thomas , H.M. and Watson , I.D. 1992 . On the Practical Import ance of Measurement Error in Conditional IRRs . Journal of Business Finance and Accounting , : 407 – 424 .
  • Watts , R. and Zimmerman , J. 1978 . Towards a Positive Theory of the Determi nation of Accounting Standards . Accounting Review , : 112 – 134 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.