In this paper a family of clean-surplus models are developed from standard accounting and financial identities. The models rely on the use of non-traditional performance measures of clean surplus in relation to value-added, and growth in value-added, in order to establish market value to...

In this paper empirical results are presented concerning Resource Margin valuation models previously developed by the author. The research tests the strength of the general linkages between resource margins and valuation measures for a sample of approximately 300 US manufacturing companies...

In this paper a valuation framework known as Resource Margin Accounting (RMA) is described and elucidated. The framework overcomes a number of the deficiencies of traditional cash-flow methods, and is methodologically superior to Economic Value Added (EVA). Resource margins have their origins in...

In this paper an analogy is established between a generalised system of point masses described by classical mechanics, and a set of discrete economic entities within a generalized resource framework. If the economic system is subject to a generalised variational Principle of Economy, the...