Earnings or cash flows an experiment on functional fixation and the valuation of the firm


The independent variable manipulated was the relationship between cash flow and reported earnings. As we discussed earlier, the tax benefit accruing to the firm from the switch to LIFO in an inflationary economy is tantamount to a gift ...

Duke Authors

Cited Authors

  • Abdel-Khalik, AR; Keller, TF

Published Date

  • 1979


  • 101