Accounting and the Investment Opportunity Set

AvAhmed Riahi-Belkaoui

Inbunden, Engelska, 2000

1 082 kr

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Beskrivning

A firm's value consists of its assets-in-place and growth opportunities: its investment opportunity set. IOS plays a major role in determining a firm's corporate and accounting strategies, and how the marketplace reacts to them. Riahi-Belkaoui shows how IOS can be examined, measured, and used as one way to understand the various accounting and nonaccounting strategies espoused by management. His book fills a gap in the literature on this timely and provocative topic, and provides useful knowledge for upper management, academics, and graduate-level students.The importance of the IOS concept is beginning to be acknowledged in the literature of empirical accounting, finance, and management. There, the investment opportunity set is introduced as an explanatory or moderating variable of the relationship between accounting and economic phenomena and various predictor variables. Riahi-Belkaoui explicates a concept of growth opportunities or IOS (Chapter 1) and provides a general model for its measurement (Chapter 2). He shows its role in a general valuation model based on dividend yield and price earnings ratio (Chapter 3), in the relationship between profitability and multinationality (Chapter 4), in the determination of capital structure (Chapter 5), in a general model of international production (Chapter 6), in a general model of corporate disclosure (Chapter 7), in the relationship between systematic risk and multinationality (Chapter 8), in a model of reputation building (Chapter 9), and earnings management (Chapter 10). He goes on to discuss its role in explaining the relative market value compared to the accounting value of a multinational firm in Chapter 11, and in differentiating between the usefulness of accrual and cash flow based on valuation models in Chapter 12.

Produktinformation

Utgivningsdatum:2000-05-30
Mått:157 x 235 x 17 mm
Vikt:505 g
Format:Inbunden
Språk:Engelska
Antal sidor:216
Förlag:Bloomsbury Publishing Plc
ISBN:9781567203677

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap
Projektledning inom Ekonomi och Ledarskap
Redovisning inom Ekonomi och Ledarskap

Mer om författaren

AHMED RIAHI-BELKAOUI is CBA Distinguished Professor of Accounting in the College of Business Administration, University of Illinois at Chicago./e Author of more than 45 Quorum books, published or forthcoming, and coauthor of several more, he is also a prolific writer of articles for major scholarly and professional journals, and has served on numerous editorial boards that oversee them.

Innehållsförteckning

Preface Nature and Measurement of the Investment Opportunity Set Measuring Growth Opportunities Investment Opportunity Set Dependence of Dividend Yield and Price Earnings Ratio The Role of the Profitability and the Multinationality in the Determination of the Investment Opportunity Set The Role of the Investment Opportunity Set in Corporate Financing The Role of the Investment Opportunity Set in a General Model of International Production Growth Opportunities and Disclosure Adequacy The Role of Growth Opportunities in Determining Systematic Risk Growth Opportunities and Reputation Building Growth Opportunities and Earnings Management Growth Opportunities, Internalization and Market Valuation of Multinational Firms Contextual Accruals and Cash Flow Based Valuation Models: Impact of Multinationality and Growth Opportunities Index

Socio-Economic Accounting

Ahmed Riahi-Belkaoui

Inbunden, 1984

1 050 kr

International Accounting

Ahmed Riahi-Belkaoui

Inbunden, 1985

1 082 kr

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