Capital Bibliography

Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida

Capital Main Page

Addington, K. H. 1921. Invested capital from a legal standpoint as applied to excess and war profits taxation. Journal of Accountancy (February): 110-120.

Ahmed, A. S., C. Takeda and S. Thomas. 1999. Bank loan loss provisions: a reexamination of capital management, earnings management and signaling effects. Journal of Accounting and Economics (November): 1-25.

Ahmed, K. and H. Falk. 2009. The riskiness of future benefits: The case of capitalization of R and D and capital expenditures. Journal of International Accounting Research 8(2): 45-60.

Al-Zoubi, H. A., J. A. O'Sullivan, A. I. Al-Maghyereh and B. J. Lambe. 2023. Disentangling sentiment from cyclicality in firm capital structure. Abacus 59(2): 570-605.

Allen, C. B. 1961. Evaluation of capital projects - An application of the investor's method. N.A.A. Bulletin (January): 45-54. (The cash rate of return or investor's method of calculating the return on investment).

Almer, E. D. 2007. AICPA work/life and women's initiatives 2004 research a decade of changes in the accounting profession: Workforce trends and human capital practices. Executive summary. Issues in Accounting Education (February): 59-66.

Anderson, H. R. and R. P. Schwartz. 1971. The capital facility decision. Management Accounting (February): 28-32.

Anderson, J. A. 1989. A simple case to illustrate residual ownership, capital maintenance, audience selection and the importance of information processing characteristics. Journal of Accounting Education 7(1): 141-148.

Ang, N. P. and K. T. Trotman. 2015. The utilization of quantitative and qualitative information in groups' capital investment decisions. Behavioral Research In Accounting 27(1): 1-24.

Antle, R. and G. D. Eppen. 1985. Capital rationing and organizational slack in capital budgeting. Management Science (February): 163-174.

Archer, G. S. H. and K. V. Peasnell. 1984. Debt finance and capital maintenance in current cost accounting. Abacus 20(2): 111-124.

Arden. D. and M. Aiken. 2005. An accounting history of capital maintenance: Legal precedents for managerial autonomy in the United Kingdom. The Accounting Historians Journal 32(1): 23-60.

Arnold, J. H. 1986. Assessing capital risk: You can't be too conservative. Harvard Business Review (September-October): 113-121.

Arthur, D. 1923. Invested capital accounting. Journal of Accountancy (June): 473-474.

Attig, N. and S. E. Ghoul. 2018. Organization capital and the cost of equity financing in medium sized manufacturing firms. Contemporary Accounting Research 35(3): 1616-1644.

Avery, H. G. 1941. Capital and revenue expenditures. The Accounting Review (September): 274-281.

Ballantine, H. W. and G. S. Hills. 1935. Corporate capital and restrictions upon dividends. The Accounting Review (September): 246-268.

Barth, M. E., J. Gomez-Biscarri, R. Kasznik and G. Lopez-Espinosa. 2017. Bank earnings and regulatory capital management using available for sale securities. Review of Accounting Studies 22(4): 1761-1792.

Barton, A. D. 1999. A trusteeship theory of accounting for natural capital assets. Abacus 35(2): 207-222.

Barton, D. and M. Wiseman. 2014. Focusing capital on the long term. Harvard Business Review (January/February): 44-51.

Bauer, J. 1937. The concepts of capital and income in the regulation of public utilities. The Accounting Review (March): 22-29.

Beatty, A., S. L. Chamberlain and J. Magliolo. 1995. Managing financial reports of commercial banks: The influence of taxes, regulatory capital, and earnings. Journal of Accounting Research (Autumn): 231-261.

Berry, F. T. Jr. 1968. Some ramifications of the return on capital concept. Management Accounting (November): 36-37.

Beyer, B. D., D. R. Herrmann and E. T. Rapley. 2019. Disaggregated capital expenditures. Accounting Horizons (December): 77-93.

Bhojraj, S. and B. Swaminathan. 2009. How does the corporate bond market value capital investments and accruals? Review of Accounting Studies 14(1): 31-62.

Biddle, G. C. and G. Hilary. 2006. Accounting quality and firm-level capital investment. The Accounting Review (October): 963-982.

Biddle, G. C., P. Chen and G. Zhang. 2001. When capital follows profitability: Non-linear residual income dynamics. Review of Accounting Studies 6(2-3): 229-265.

Biedleman, C. R. 1973. Valuation of Used Capital Assets. Studies in Accounting Research (7). American Accounting Association.

Bird, P. A. 1965. Tax incentives to capital investment. Journal of Accounting Research (Spring): 1-11.

Bol, J. C., C. Estep, F. Moers and M. E. Peecher. 2018. The role of tacit knowledge in auditor expertise and human capital development. Journal of Accounting Research (September): 1205-1252.

Bourveau, T., L. Yun and R. Wang. 2018. Shareholder litigation and corporate disclosure: Evidence from derivative lawsuits. Journal of Accounting Research (June): 797-842.

Bradbury, M. E. 2015. The Warehouse Capital Management policy - Treatment of leases. Journal of Accounting Education 33(3): 228-240.

Broad, S. J. and W. W. Werntz. 1942. The capital principle. The Accounting Review (January): 28-60.

Bruton, P. W. and J. Waterman. 1985. Capital financing demands new, innovative practices. Healthcare Financial Management (April): 38-46.

Bryant, K. Jr. and C. U. Phillips. 1978. Interest on equity capital and CASB standard 414. Management Accounting (August): 38-41, 47.

Busby, J. S. and C. G. C. Pitts. 1997. Real options in practice: An exploratory survey of how finance officers deal with flexibility in capital appraisal. Management Accounting Research (June): 169-186.

Buttimer, H. 1962. The evolution of stated capital. The Accounting Review (October): 746-752.

Cai, C. X., I. Clacher and K. Keasey. 2013. Consequences of the capital asset pricing model (CAPM) - A critical and broad perspective. Abacus 49(Supplement): 51-61.

Canace, T. G., S. B. Jackson and T. Ma. 2018. R&D investments, capital expenditures, and earnings thresholds. Review of Accounting Studies 23(1): 265-295.

Cao, S. S., T. Ma and C. Wan. 2019. Do local investors always know better? Evidence from China's market segmentation. Accounting Horizons (March): 17-37.

Castenholz, W. B. 1918. Is interest on invested capital a cost? Journal of Accountancy (April): 248-254.

Caughron, R. E. 1965. How we follow up capital expenditures. N.A.A. Bulletin (April): 47-52.

Chambers, D., R. Jennings and R. B. Thompson. 1999. Evidence on the usefulness of capital expenditures as an alternative measure of depreciation. Review of Accounting Studies 4(3-4): 169-195.

Chambers, R. J. 1971. Income and capital: Fisher's legacy. Journal of Accounting Research (Spring): 137-149. Review of Fisher, I. 1965. The Nature of Capital and Income. Reprint of the 1906 original. Agustus M. Kelley.

Chambers, R. J. 1975. Profit measurement, capital maintenance and service potential: A review article. Abacus 11(1): 97-104.

Chan, D. K. and K. Wong. 2002. Scope of auditors' liability, audit quality, and capital investment. Review of Accounting Studies 7(1): 97-122.

Chen, J. C., J. C. Chen and D. M. Patten. 2014. Manipulative environmental disclosure: Further analysis of corporate projections of environmental capital spending. Accounting and the Public Interest (14): 87-109.

Chen, K. C. W. and H. Yuan. 2004. Earnings management and capital resource allocation: Evidence from China's accounting-based regulation of rights issues. The Accounting Review (July): 645-665.

Chen, Y. and M. Deng. 2011. Capital rationing and managerial retention: The role of external capital. Journal of Management Accounting Research (23): 285-304.

Childs, W. M. 1970. Management of capital expenditures. Management Accounting (January): 37-40.

Chircop, J. and Z. Novotny-Farkas. 2016. The economic consequences of extending the use of fair value accounting in regulatory capital calculation. Journal of Accounting and Economics (November-December): 183-203.

Chiuminatto, P. M. 1949. Control of capital expenditures - Planning and follow through. N.A.C.A. Bulletin (April 1): 885-892.

Chiuminatto, P. M. 1950. How will capital requirements vary with sales volume? N.A.C.A. Bulletin (June): 1215-1222.

Chiuminatto, P. M. 1957. Satisfying your company's need for capital and employing it effectively. N.A.A. Bulletin (September): 75-88, 92.

Church, B. K., D. Nagao, and K. Surysekar. 1999. Continued support for poorly performing capital projects: A multi-period experimental study. Advances in Management Accounting (8): 27-43.

Clark, J. J., T. J. Hindelang and R. E. Pritchard. 1984. Capital Budgeting: Planning and Control of Capital Expenditures. 2nd ed. Englewood Cliffs, N.J.: Prentice-Hall.

Clarkson, P. M., Y. Li and G. D. Richardson. 2004. The market valuation of environmental capital expenditures by pulp and pager companies. The Accounting Review (April): 329-353.

Collins, J. H., D. A. Shackelford and J. M. Wahlen. 1995. Bank differences in the coordination of regulatory capital, earnings, and taxes. Journal of Accounting Research (Autumn): 263-291.

Combs, J. G. and D. J. Ketchen, Jr. 1999. Can capital scarcity help agency theory explain franchising? Revisiting the capital scarcity hypothesis. The Academy of Management Journal 42(2): 196-207.

Connelly, R. P. 1960. The judgment factor in capital planning. N.A.A. Bulletin (June): 45-58.

Coombes, R. J. and P. H. Eddey. 1986. Accounting income: The relationship between capital maintenance and asset measurement. Issues in Accounting Education (Spring): 112-122.

Cooper, B. J., L. Chow and Y. Tang. 1993. The separation of ownership and management in China: A review of the business contract and share capital systems. Corporate Governance: An International Review 1(3): 128-137.

Copeland, R. W., K. Roland and D. Kuliy. 2016. Will Trups survive? The reputation of Trust Preferred Securities as a source of bank capital has gone from good to bad to ugly - worrying investors and banks. Strategic Finance (October): 48-53.

Copeland, T. 2001. The real-options approach to capital allocation. Strategic Finance (October): 33-37. ("Real-options analysis considers what NPV doesn't and can't: the value of flexibility." The value of a real option is influenced by six variables: The value of the underlying project, the exercise price/investment cost, the volatility of the underlying project's value, the time to maturity, the risk-free interest rate, and dividends).

Coppie, C. S. 1975. Fiscal planning for the nation's capital. Management Accounting (February): 15-19, 22.

Davidson, B. T. 1924. "Payment of dividends before restoring impaired capital". Journal of Accountancy (February): 143-152.

Davidson, I., Y. Shinozawa and M. Tippett. 2009. Capital project analysis when cash flows evolve as a continuous time branching process. Abacus 45(1): 44-65.

Deakin, E. B. 1987. Cost accounting in a capital-intensive economy. Today's CPA (April/May): 18-22.

Dean, J. 1954. Measuring the productivity of capital. Harvard Business Review (January-February): 120-130.

Deekens, A. V. K. 1959. Did we realize on that capital outlay? N.A.A. Bulletin (May): 86-88.

Deinzer, H. 1935. Capital stock and surplus: Legal and accounting relations. The Accounting Review (December): 333-345.

DeMaagd, G. R. and J. K. White. 1985. Financing private capital with IDBs. Management Accounting (January): 49-52. (Industrial development bonds).

Denison, H. 1913. Interest on capital as part of production cost. Journal of Accountancy (August): 145-149.

Dion, L., G. Robertson and S. B. Hughes. 2009. What a university can teach you about choosing capital projects. Strategic Finance (January): 38-45.

D'mello, R., X. Gao and Y. Jia. 2017. Internal control and internal capital allocation: Evidence from internal capital markets of multi-segment firms. Review of Accounting Studies 22(1): 251-287.

Dohr, J. L. 1939. Capital and surplus in the corporate balance sheet. The Accounting Review (March): 38-42.

Dunham, C. F. 1930. On the meaning of "capital". The Accounting Review (December): 298-300.

Dutta, S. and S. Reichelstein. 2002. Controlling investment decisions: Depreciation and capital charges. Review of Accounting Studies 7(2-3): 253-281.

Dye, G. K. 1966. Graphic control of the capital plan. Management Accounting (April): 27-35.

Easton, P. 2001. Discussion of: “When capital follows profitability: Non-linear residual income dynamics”. Review of Accounting Studies 6(2-3): 267-274.

Easton, P. D. 2004. PE ratios, PEG ratios, and estimating the implied expected rate of return on equity capital. The Accounting Review (January): 73-95.

Easton, P. D. and S. J. Monahan. 2016. Review of recent research on improving earnings forecasts and evaluating accounting-based estimates of the expected rate of return on equity capital. Abacus 52(1): 35-58.

Ecker, F. 2016. Review of recent research on improving earnings forecasts and evaluation accounting-based estimates of the expected rate of return on equity capital. Discussion of Easton and Monahan. Abacus 52(1): 59-69.

Fernald, H. B. 1918. Capital accounts of a municipality. Journal of Accountancy (October): 269-277.

Fetter, F. A. 1937. Reformulation of the concepts of capital and income in economics and accounting. The Accounting Review (March): 3-12.

Fiechter, P., W. R. Landsman, K. Peasnell and A. Renders. 2017. The IFRS option to reclassify financial assets out of fair value in 2008: The roles played by regulatory capital and too-important-to-fail status. Review of Accounting Studies 22(4): 1698-1731.

Fisher, I. 1965. The Nature of Capital and Income. Reprint of the 1906 original. Agustus M. Kelley. For a review see Chambers, R. J. 1971. Income and capital: Fisher's legacy. Journal of Accounting Research (Spring): 137-149.

Flesher, D. L., G. J. Previts and W. D. Samson. 2006. Early American corporate reporting and European capital markets: The case of the Illinois Central Railroad, 1851-1861. The Accounting Historians Journal 33(1): 3-24.

Floyd, R. L. 1923. "Payment of dividends before restoring impaired capital". Journal of Accountancy (August): 151-153.

Floyd, R. L. and C. F. Schlatter. 1923. "Payment of dividends before restoring impaired capital". Journal of Accountancy (May): 390-393.

Foss, M. F. 1985. Changing utilization of fixed capital: An element in long-term growth. Monthly Labor Review (May): 3-8.

Freeman, E. S. 1948. Capital price adjustment method for deflating inflated profits. N.A.C.A. Bulletin (February 1): 635-658.

Fuerst, E. 1954. Share capital in foreign exchange accounting. The Accounting Review (April): 281-285.

Gellein, O. S. 1987. Capital maintenance: A neglected notion. The Accounting Historians Journal 14(2): 59-69.

Glahn, G. L., K. T. Fields and J. E. Trapnell. 1980. How to evaluate mixed risks capital projects. Management Accounting (December): 34-38, 43.

Glasserman, P. and Z. Wang. 2011. Valuing the treasury's capital assistance program. Management Science (July): 1195-1211.

Gleeson-White, J. 2015. Six Capitals, or Can Accountants Save the Planet?: Rethinking Capitalism for the Twenty-First Century. W. W. Norton & Company. (Note).

Glover, J. 2002. Discussion of: “Controlling investment decisions: Depreciation and capital charges”. Review of Accounting Studies 7(2-3): 283-287.

Gold, B. 1979. Productivity, Technology and Capital: Economic Analysis, Managerial Strategies and Government Policies. Lexington Books - D.C. Heath.

Goldstein, S. 2015. Six capitals, or can accountants save the planet? Rethinking capitalism for the twenty-first century. The CPA Journal (October): 15-16. (Review of Gleeson-White's Book - Note).

Gordon, L. A. and K. J. Smith. 1992. Postauditing capital expenditures and firm performance: The role of asymmetric information. Accounting, Organizations and Society 17(8): 741-757.

Gordon, L. A. and M. D. Myers. 1991. Postauditing capital projects. Management Accounting (January): 39-42.

Grady, P. 1955. Conservation of productive capital through recognition of current cost of depreciation. The Accounting Review (October): 617-622.

Graham, W. J. 1959. Depreciation and capital replacement in an inflationary economy. The Accounting Review (July): 367-375.

Gregg, A. 2017. Start-ups embrace cryptocurrency to raise needed capital. The Washington Post (December 4): A13. (Note).

Greiner, A. J. 2015. The effect of the fair value option on bank earnings and regulatory capital management: Evidence from realized securities gains and losses. Advances in Accounting: Incorporating Advances in International Accounting 31(1): 33-41.

Guest, R. and N. Rohde. 2017. The contribution of foreign real estate investment to housing price growth in Australian capital cities. Abacus 53(3): 304-318.

Gundelfinger, S. 1924. Prize essay: The principles which should govern the determination of capital and the amounts available for distribution of dividends in the case of corporations, with special reference to the system of capital stocks without a par value. Journal of Accountancy (May): 321-348.

Gynther, R. S. 1970. Capital maintenance, price changes, and profit determination. The Accounting Review (October): 712-730.

Habib, A. 2008. Corporate transparency, financial development and the allocation of capital: Empirical evidence. Abacus 44(1): 1-21.

Hambrick, D. C. 1983. High profit strategies in mature capital goods industries: A contingency approach. The Academy of Management Journal 26(4): 687-707.

Hamill, E. N. 1967. Utilizing PEM in a capital program. Management Accounting (November): 21-24.

Harris, D. G. 1993. The impact of U.S. tax law revision on multinational corporations' capital location and income-shifting decisions. Journal of Accounting Research (Studies on International Accounting): 111-140.

Harvard Business Review. 1926. Legal developments significant in business. Stock dividends - Capital or income. Harvard Business Review (October): 102-115.

Hasan, I., C. Hoi, Q. Wu and H. Zhang. 2017. Does social capital matter in corporate decisions? Evidence from corporate tax avoidance. Journal of Accounting Research (June): 629-668.

He, W. 2011. Governance transparency and capital allocation: A note. Abacus 47(1): 109-118.

Heinaman, S. T. 1957. Basing capital outlays on return on investment. N.A.C.A. Bulletin (April): 992-1002.

Heitger, D. L. and T. D. Schultz. 2011. Incentives for businesses to go green: Understanding the tax consequences of environmental capital expenditures. The CPA Journal (November): 44-49.

Hilton, W. P. 1915. Bonus capital stock and bonds. Journal of Accountancy (June): 425-436.

Homburger, R. H. 1949. Forfeited capital stock subscriptions. The Accounting Review (April): 199-202.

Houghton, K. A. 1982. Partnership dissolution: Treatment of the overdrawn capital of an insolvent partner. Abacus 18(1): 91-96.

Howard, S. E. 1937. Concepts of capital and income. The Accounting Review (March): 1-2 .

Hurdman, F. H. 1919. Capital stock of no par value. Journal of Accountancy (October): 246-257.

Hyman, M. E. 2004. The Power of Global Capital: New International Rules-New Global Risks. South-Western Educational Publishing.

Ijiri, Y. 1995. Segment statements and information measures: Managing capital vs. managing resources. Accounting Horizons (September): 55-67.

Iglehart, D. L. 1965. Capital accumulation and production for the firm: Optimal dynamic policies. Management Science (November): 193-205.

James, J. V. 1961. Management planning of capital allocations to business activities. N.A.A. Bulletin (September): 5-15.

Johnson, J. T. 1959. Is the trust fund theory of capital stock dead? The Accounting Review (October): 609-611.

Jones, R. C. 1956. Effects of Price Level Changes on Business Income, Capital and Taxes. American Accounting Association.

Jones, R. H. 1973. The challenge of capital attraction. Management Accounting (June): 52-53, 58.

Joy, D., S. C. Del Vecchio, B. D. Clinton and J. C. Young. 2003. Timing is everything. Strategic Finance (December): 25-29. (Tax benefits when disposing of capital assets).

Keller, I. W. 1957. Pricing for return on capital employed. N.A.C.A. Bulletin (January): 635-646.

Keller, I. W. 1958. The return on capital concept. N.A.A. Bulletin (March): 13-21.

Kempster, J. H. 1956. How we project our capital needs. N.A.C.A. Bulletin (May): 1080-1091.

Kester, W. C. and T. A. Luehrman. 1992. The myth of Japan's low-cost capital. Harvard Business Review (May-June): 130-138.

Khan, M. 2008. Are accruals mispriced evidence from tests of an intertemporal capital asset pricing model. Journal of Accounting and Economics (March): 55-77.

Kilduff, F. W. 1929. Capital facilities - Accounting principles and methods. N.A.C.A. Bulletin (July 15).

Kim, J. 2018. Asymmetric timely loss recognition, adverse shocks to external capital, and underinvestment: Evidence from the collapse of the junk bond market. Journal of Accounting and Economics (February): 148-168.

Kim, M. and W. Kross. 1998. The impact of the 1989 change in bank capital standards on loan loss provisions and loan write-offs. Journal of Accounting and Economics (26 February): 69-99.

Kimbrough, M. D. 2007. The influences of financial statement recognition and analyst coverage on the market's valuation of R&D capital. The Accounting Review (October): 1195-1225.

Knutson, P. H. 1962. Leased equipment and divisional return on capital. N.A.A. Bulletin (November): 15-20.

Krohn, T. 1920. Taxation of capital profits and stock dividends. Journal of Accountancy (August): 88-96.

Kubick, T. R., G. B. Lockhart and J. R. Robinson. 2021. Internal capital and investment: Evidence from 2012 pension relief. Contemporary Accounting Research 38(3): 2034-2070.

Kurunmaki, L. 1999. Professional vs financial capital in the field of health care - Struggles for the redistribution of power and control. Accounting, Organizations and Society 24(2): 95-124.

Lammie, H. R. 1959. Using return on capital employed as a yardstick for appraisal. N.A.A. Bulletin (November): 39-46.

Lanham, S. W. and C. Barton. 2015. Risk-based capital analysis in punitive damages litigation. Journal of Forensic & Investigative Accounting 7(1): 38-82.

Lapsley, I. 1985. Risk capital for a profitable public corporation: Public dividend capital or equity? Abacus 21(1): 3-18.

LaRose, E. S. 1937. Frozen capital made productive by inventory control. N.A.C.A. Bulletin (February 1): 623-645.

Laux, C. 2016. The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion. Journal of Accounting and Economics (November-December): 204-208.

Lee, T. A. 1983. The early debate on financial and physical capital. The Accounting Historians Journal 10(1): 25-50.

Lemke, K. W. 1974. Capital maintenance and confusion. Abacus 10(1): 26-38.

Lev, B., S. Radhakrishnan and W. Zhang. 2009. Organization capital. Abacus 45(3): 275-298.

Levine, M. L. and P. A. Feigin. 2014. Crowdfunding provisions under the new rule 506(c). The CPA Journal (June): 46-51. (Crowdfunding refers to using social media web sites (e.g., Facebook and LinkedIn) to raise small amounts of capital).

Li, O. Z., Y. Lin and J. R. Robinson. 2016. The effect of capital taxes on the initial pricing and underpricing of IPOs. Journal of Accounting and Economics (April-May): 465-485.

Littleton, A. C. 1932. Capital and surplus. The Accounting Review (December): 290-293.

Lorenz, O. C. 1930. Installment finance and the efficient use of capital. Harvard Business Review (July): 451-459.

Lovins, A. B., L. H. Lovins and P. Hawken. 1999. A road map for natural capitalism. Harvard Business Review (May-June): 145-158. (A new approach where the natural capital of the ecosystem is properly valued. Where business practices shift: 1) to dramatically increase the productivity of natural resources, 2) to biologically inspired production models, 3) to solutions based business models, and 4) to reinvest in the natural capital).

Lowenstein, R. 2001. When Genius Failed: The Rise and Fall of Long-Term Capital Management. Random House.

Lunawat, R., G. Waymire and B. Xin. 2021. Do verified earnings reports increase investment? Contemporary Accounting Research 38(2): 1368-1394.

Luu, M. 2020. Small business capital formation. Strategic Finance (September): 21-22.

Luu, M. 2021. Securities offerings for capital formation. Now a viable alternative for small businesses, securities offerings open up the possibility of raising significant amounts of capital. Strategic Finance (December): 19-20.

Lys, T. 1986. Discussion of capital analysis of reserve recognition accounting. Journal of Accounting Research (Studies on Alternative Measures of Accounting Income): 109-111.

Macintosh, N. B., T. Shearer, D. B. Thornton and M. Welker. 2000. Accounting as simulacrum and hyperreality: Perspectives on income and capital. Accounting, Organizations and Society 25(1): 13-50.

Mackenzie, D. G. 1957. Looking around. Harvard Business Review (January-February). (A bibliography on return on capital employed).

Mahon, G. and W. P. Hilton. 1916. Interest on capital. Journal of Accountancy (October): 253-264.

Mankins, M., K. Harris and D. Harding. 2017. Strategy in the age of superabundant capital. Harvard Business Review (March/April): 66-75.

Marple, R. P. 1934. The sources of capital surplus. The Accounting Review (March): 75-82 .

Martens, S. C. and J. E. McEnroe. 1998. Interprofessional conflict, accommodation, and the flow of capital: The ASB vs the securities industry and its lawyers. Accounting, Organizations and Society 23(4): 361-376.

Martin, R. L. 2020. What managers get wrong about capital. Harvard Business Review (May/June): 84-93.

McBarnet, D., S. Weston and C. J. Whelan. 1993. Adversary accounting: Strategic uses of financial information by capital and labour. Accounting, Organizations and Society 18(1): 81-100.

McElvain, D. P. 1967. Keying the short-run capital flow to return-on-investment objectives. Management Accounting (December): 3-8.

McGrew, H. 1949. A case study in the budgeting of airline revenue, expense, and capital outlay. N.A.C.A. Bulletin (March 15): 833-847.

McLain, R. K. 1967. Divisional profit measurement using return on capital employed. Management Accounting (October): 36-39.

McLean, J. G. 1960. Measuring the return on capital - Relating calculations to uses. N.A.A. Bulletin -1960 Conference Proceedings III (September): 31-51.

McNulty, J. J., T. D. Yeh, W. S. Schulze and M. H. Lubatkin. 2002. What's your real cost of capital? Harvard Business Review (October): 114-121. (Replacing the capital asset pricing model with the market-derived capital pricing model).

McSwain, D. N., T. K. Patton and D. C. Benco. 2008. Intangibles: Governments' forgotten capital assets. The CPA Journal (April): 40-43.

Merton, R. C. 2005. You have more capital than you think. Harvard Business Review (November): 84-94. (Free up equity capital and get it working to create value).

Messer, R. 2014. Out of control: Lax procedures at National Capital Trust? Strategic Finance (August): 71-75. (Student case competition).

Messer, R. 2015. Out of control - Lax procedures at National Capital Trust. IMA Educational Case Journal 8(2): 1-7.

Mettler, F. L. 1951. Before-the-fact control of capital outlay. N.A.C.A. Bulletin (June): 1242-1250.

Mock, E. J. 1967. Post-completion audits of capital projects. Management Accounting (November): 25-32.

Mohnen, A. and M. Bareket. 2007. Performance measurement for investment decisions under capital constraints. Review of Accounting Studies 12(1): 1-22.

Moosa, I. A. 2013. The capital asset pricing model (CAPM): The history of a failed revolutionary idea in finance? Comments and extensions. Abacus 49(Supplement): 62-68.

Morris, P. F. 1969. Widget pricing. Management Accounting (December): 12-14. (Related to factors affecting the return on capital employed).

Mouck, T. 2000. Beyond Panglossian theory: Strategic capital investing in a complex adaptive world. Accounting, Organizations and Society 25(3): 261-283.

Moyer, C. A. 1939. Economic aspects of fixed-capital obsolescence. The Accounting Review (September): 285-296.

Moyer, S. E. 1990. Capital adequacy ratio regulations and accounting choices in commercial banks. Journal of Accounting and Economics (July): 123-154.

Muth, F. J. 1954. Return on capital employed - Measure of management. N.A.C.A. Bulletin (February): 699-710.

Myers, R. 2010. Getting there from here: As more U.S. companies expand overseas, new sources of capital are opening up. CFO (October): 54-59.

National Association of Accountants. 1959. Return on capital as a guide to managerial decisions. N.A.A. Bulletin (December): 34-38. (Digest of N.A.A. Research Report No. 35).

National Association of Accountants. 1962. Practice reports: The bases of divisional return on capital. N.A.A. Bulletin (February - Section 3): 11-17.

National Association of Accountants. 1962. Practice reports: Applications of return on capital - Reporting. N.A.A. Bulletin (February - Section 3): 23-28.

National Association of Accountants. 1962. Practice reports: Applications of return on capital - Incentive plans. N.A.A. Bulletin (February - Section 3): 29-31.

National Association of Accountants. 1962. Practice reports: Working with return on capital. N.A.A. Bulletin (February - Section 3): 18-22.

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Niven, J. B. 1917. Treasury rulings on income tax, and treasury rulings on capital-stock tax. Journal of Accountancy (August): 122-133.

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