Finance Theory and Accounting Policy

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3 Responses

  1. A.J. Sutter says:

    Perhaps one could argue that this is subsumed in some other categories, such as ##2 or 8, but how about the reification of goodwill and other IP assets, which has played a role in M&A accounting (see, e.g., the narrative in Chapter 1 of L. Moore & L. Craig, Intellectual Capital in Enterprise Success (Wiley 2008)). At a more fundamental level is Delaware’s enshrinement of the notion that “shareholder value” means the value one gets paid to cease being a shareholder (or ‘stockholder,’ to be more punctilious about it), though maybe that doesn’t fall so cleanly into the field of accounting.

  2. At a more fundamental level is Delaware’s enshrinement of the notion that “shareholder value” means the value one gets paid to cease being a shareholder