ESTIMATING THE COST OF CAPITAL FOR A DIVISION OF A FIRM, AND THE ALLOCATION PROBLEM IN ACCOUNTING: A COMMENT

Mahmoud A. Ezzamel

The author is lecturer in the Department of Accounting and Management Economics at the University of Southampton. The author wished to acknowledge helpful suggestions made on an earlier draft of this comment by Professor K. Hilton, Dr. H. Hart, and Mr. J. Dent, all of Southampton University, and an anonymous referee.