IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Resource Margin Accounting: A Theoretical Perspective

  • Peter Johnson
Registered author(s):

    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 the microeconomics of industrial structure, and are robust performance measures well-captured by accounting systems. Through the adoption of clean-surplus accounting, resource margins may be made entirely compatible with financial portfolio theory, and at the level of individual companies they may be the focus of value creation through competitive strategy initiatives. In a further paper empirical evidence to validate this new approach to valuation of companies and strategies will be presented.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.finance.ox.ac.uk/file_links/finecon_papers/2001fe16.pdf
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Maxine Collett)


    Download Restriction: no

    Paper provided by Oxford Financial Research Centre in its series OFRC Working Papers Series with number 2001fe16.

    as
    in new window

    Length:
    Date of creation: 2001
    Date of revision:
    Handle: RePEc:sbs:wpsefe:2001fe16
    Contact details of provider: Web page: http://www.finance.ox.ac.ukEmail:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:sbs:wpsefe:2001fe16. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maxine Collett)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.