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Value to the Owner: A Review and Critique
Author(s) -
ASHTON R. K.
Publication year - 1987
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.1987.tb00134.x
Subject(s) - value (mathematics) , positive economics , economics , law and economics , computer science , machine learning
This paper examines the conceptual basis underlying the concept of value to the owner and the contributions to the debate by Solomons (1966) and Baxter (1971, 1975). It is argued that the concept is deficient in a number of respects and it is therefore not surprising that it has been rejected by businessmen. The paper argues that the concept is an unnecessary appendage to the case for reporting some form of replacement cost information. The paper then examines the merits and more general limitations of replacement cost data.