Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter
}
TY - CHAP
T1 - The leadership of value
T2 - Leading the leading indicators for good dividends
AU - Hesketh, Anthony
N1 - Publisher Copyright: © 2019 Taylor & Francis.
PY - 2019/2/14
Y1 - 2019/2/14
N2 - This chapter represents an attempt to at least outline the shape of the problem and to point to the very beginnings of a possible solution. It provides a tentative critique of accounting and its understanding of new forms of value. The contemporary challenge of accounting and corporate reporting more generally is no longer limited to robustly capturing and reassuring investors as to the value of their holdings in listed firms. Value, at least certainly value of the enduring kind, is an elusive concept. Firms who generate their intangible value are doubly penalised by not being able to offset the investment in developing their own intangible value nor book its value on the balance sheet as an internally constructed asset has never been ‘priced’ by the market. Governance plays a key role in determining not just the when of financial reporting, but the what of the value being reported.
AB - This chapter represents an attempt to at least outline the shape of the problem and to point to the very beginnings of a possible solution. It provides a tentative critique of accounting and its understanding of new forms of value. The contemporary challenge of accounting and corporate reporting more generally is no longer limited to robustly capturing and reassuring investors as to the value of their holdings in listed firms. Value, at least certainly value of the enduring kind, is an elusive concept. Firms who generate their intangible value are doubly penalised by not being able to offset the investment in developing their own intangible value nor book its value on the balance sheet as an internally constructed asset has never been ‘priced’ by the market. Governance plays a key role in determining not just the when of financial reporting, but the what of the value being reported.
M3 - Chapter
AN - SCOPUS:85098499895
SN - 9781138103528
SN - 9780367497354
SP - 154
EP - 174
BT - Good Dividends
PB - Routledge
ER -