Scholars@Duke
Thomas F. Keller

Thomas F. Keller

R. J. Reynolds Distinguished Professor Emeritus of Business Administration
Fuqua School of Business
tfk1@duke.edu
Box 90120, Durham, NC 27708-0120
410W Fuqua Sch of Bus, Durham, NC

Scholarly Works - Books

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

Book · 1979 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 ... ... Cite