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Value to the Owner: A Review and Critique
R. K. ASHTON,
R. K. ASHTON
R. K. A shton is a Lecturer in Economics, University of Nottingham, England.
Search for more papers by this authorR. K. ASHTON,
R. K. ASHTON
R. K. A shton is a Lecturer in Economics, University of Nottingham, England.
Search for more papers by this authorAbstract
This paper examines the conceptual basis underlying the concept of value to the owner and the contributions to the debate by Solomons (1966) and Baxter (1971, 1975). It is argued that the concept is deficient in a number of respects and it is therefore not surprising that it has been rejected by businessmen. The paper argues that the concept is an unnecessary appendage to the case for reporting some form of replacement cost information. The paper then examines the merits and more general limitations of replacement cost data.
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