This paper deals with the notion of residual income, which may be defined as the surplus profit that residues after a … and calculation of intrinsic values. A most recent theory, the systemic-value-added approach (also named lost …-capital paradigm), provides a dierent denition of residual income, consistent with arbitrage theory. En- folded in Keynes's (1936 …

profit and the investor's excess wealth, a well-specified theory of residual income is generated: one is the standard theory …-income assets may be constructed on the basis of either theory starting from pre-determined growth rates for excess profit. In …This paper presents an axiomatization of residual income, aka excess profit, and illustrates how it may univocally …

in such different fields as economic theory, management accounting and corporate finance, are considered: O'Hanlon and … Shareholder Value, Anthony's (1975) profit. They are all conveniently reinterpreted within the theoretical domain of the lost …

This paper deals with the notion of residual income, which may be defined as the surplus profit that residues after a … and calculation of intrinsic values. A most recent theory, the systemic-value-added approach (also named lost …-capital paradigm), provides a dierent denition of residual income, consistent with arbitrage theory. En- folded in Keynes's (1936 …

This paper deals with the notion of residual income, which may be defined as the surplus profit that residues after a … and calculation of intrinsic values. A most recent theory, the systemic-value-added approach (also named lost …-capital paradigm), provides a dierent denition of residual income, consistent with arbitrage theory. En- folded in Keynes's (1936 …

The Economic Value Added formally translates the theoretical notion of excess profit (also known as residual income … noun for denoting the concept of excess profit itself. This paper investigates the conceptual properties of such a notion … and, in particular, it studies the relations between the excess profit generated in a period and the excess profit …