BusinessAccountancyAccountingCorporate FinanceFinancial AccountingManagerial AccountingAsset Return ModelingCapital Expenditure ModelingCapital Structure AnalysisIntangible AssetsInternal Rate Of ReturnReturn AnalysisBiasesIntangible Asset ReturnsReturn On AssetsReturn On Assets AnalysisReturn On EquityReturn On Invested CapitalReturn On InvestmentReturns To Capital
“Intangible Capital and Rates of Return†by Kenneth W. Clarkson investigates the accounting-based biases that arise in computing rate-of-return measurements for firms with extensive promotional, research, development, and other intangible capital expenditures.