On the Misuse of Accounting Rates of Return to Infer Monopoly Profits
作者： Franklin M. Fisher , John J. Mcgowan
DOI:
关键词: Internal rate of return 、 Investment performance 、 Return of capital 、 Return on capital employed 、 Accounting information system 、 Holding period return 、 Accounting rate of return 、 Cost of capital 、 Accounting 、 Economics
摘要: Accounting rates of return are frequently used as indices of monopoly power and market performance by economists and lawyers.'Such a procedure is valid only to the extent that profits …
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