| Affiliation: | The authors are respectively, lecturer in the Department of Accounting and Management Science at the University of Southampton, and Visiting Associate Professor at Queen's University, Kingston, Canada, lecturer in the Department of Accounting and Management Science at the University of Southampton;and Accountant at Prince Waterhouse, London. an earlier draft of this paper was presented at the Workshop on Financial Statement Analysis, European Institute of Advanced Studies in Management, Brussels, June 1984 the authors are grateful to Professor G. Foster for his comments on an earlier draft, to Mrs P. Kurukulaaratchy for the computational assistance provided in the preparation of this paper, and in particular to an anonymous reviewer for many constructive criticisms. |
