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THE ENTERPRISE THEORY: AN EXTENSION
Author(s) -
Purdy Derek E.
Publication year - 1983
Publication title -
journal of business finance and accounting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.282
H-Index - 77
eISSN - 1468-5957
pISSN - 0306-686X
DOI - 10.1111/j.1468-5957.1983.tb00451.x
Subject(s) - extension (predicate logic) , accounting , statement (logic) , value (mathematics) , dual (grammatical number) , financial statement , production (economics) , economics , business , income statement , public economics , political science , microeconomics , law , mathematics , art , statistics , literature , audit , balance sheet , computer science , programming language
In America in the 1950s it was observed that large public corporations were portraying their sense of social responsibility through an analysis of gross income in various forms of supplementary accountings. Suojanen (1954) considered these accountings and their setting and then proposed the production value added statement as an appropriate accounting for the situation. The recent use of value added statements in the United Kingdom has prompted this examination of the enterprise theory and resulted in strengthening some of its assump tions and extending its accounting. The main extension is the separation of the rewards of management from those of other employees.