Accounting rates of return are frequently used as indices of monopoly power and market performanc... more Accounting rates of return are frequently used as indices of monopoly power and market performance by economists and lawyers.' Such a procedure is valid only to the extent that profits are indeed monopoly profits, accounting profits are in fact eco-nomic profits, and the accounting rate ...
Journal of Behavioral Decision Making, Jan 1, 1999
Mental accounting is the set of cognitive operations used by individuals and households to organi... more Mental accounting is the set of cognitive operations used by individuals and households to organize, evaluate, and keep track of financial activities. Making use of research on this topic over the past decade, this paper summarizes the current state of our knowledge about how people engage in mental accounting activities. Three components of mental accounting receive the most attention. This first captures how outcomes are perceived and experienced, and how decisions are made and subsequently evaluated. The accounting system provides the inputs to be both ex ante and ex post cost-benefit analyses. A second component of mental accounting involves the assignment of activities to specific accounts. Both the sources and uses of funds are labeled in real as well as in mental accounting systems. Expenditures are grouped into categories (housing, food, etc.) and spending is sometimes constrained by implicit or explicit budgets. The third component of mental accounting concerns the frequency with which accounts are evaluated and 'choice bracketing'. Accounts can be balanced daily, weekly, yearly, and so on, and can be defined narrowly or broadly. Each of the components of mental accounting violates the economic principle of fungibility. As a result, mental accounting influences choice, that is, it matters.
There is a growing consensus among natural and social scientists that sustainability depends on m... more There is a growing consensus among natural and social scientists that sustainability depends on maintaining natural capital. However, progress to put this ecological condition to practice has been slow, not least because of the inability of making these objectives measurable. Therefore, to overcome this obstacle, assessment frameworks for natural capital are needed. This study presents a simple framework for national and global natural capital accounting. It demonstrates, using the example of Italy, an accounting framework which tracks national economies' energy and resource throughput and translates them into biologically productive areas necessary to produce these flows. This calculation has been applied to over 52 countries. With this framework, based on the ecological footprint concept, human consumption can be compared with natural capital production at the global and national level, using existing data.
A NOTE TO THE READER This book has been electronically reproduced from digital information stored... more A NOTE TO THE READER This book has been electronically reproduced from digital information stored at John Wiley & Sons, Inc. We are pleased that the use of this new technology will enable us to keep works of enduring scholarly value in print as long as there is reasonable ...
Aimed at advanced level undergraduate and postgraduate courses in financial reporting, accounting... more Aimed at advanced level undergraduate and postgraduate courses in financial reporting, accounting theory or accounting ethics, this cutting-edge text focuses on the role and critical evaluation of corporate social and environmental reporting in meeting the demands for greater systems ...
Accounting rates of return are frequently used as indices of monopoly power and market performanc... more Accounting rates of return are frequently used as indices of monopoly power and market performance by economists and lawyers.' Such a procedure is valid only to the extent that profits are indeed monopoly profits, accounting profits are in fact eco-nomic profits, and the accounting rate ...
Journal of Behavioral Decision Making, Jan 1, 1999
Mental accounting is the set of cognitive operations used by individuals and households to organi... more Mental accounting is the set of cognitive operations used by individuals and households to organize, evaluate, and keep track of financial activities. Making use of research on this topic over the past decade, this paper summarizes the current state of our knowledge about how people engage in mental accounting activities. Three components of mental accounting receive the most attention. This first captures how outcomes are perceived and experienced, and how decisions are made and subsequently evaluated. The accounting system provides the inputs to be both ex ante and ex post cost-benefit analyses. A second component of mental accounting involves the assignment of activities to specific accounts. Both the sources and uses of funds are labeled in real as well as in mental accounting systems. Expenditures are grouped into categories (housing, food, etc.) and spending is sometimes constrained by implicit or explicit budgets. The third component of mental accounting concerns the frequency with which accounts are evaluated and 'choice bracketing'. Accounts can be balanced daily, weekly, yearly, and so on, and can be defined narrowly or broadly. Each of the components of mental accounting violates the economic principle of fungibility. As a result, mental accounting influences choice, that is, it matters.
There is a growing consensus among natural and social scientists that sustainability depends on m... more There is a growing consensus among natural and social scientists that sustainability depends on maintaining natural capital. However, progress to put this ecological condition to practice has been slow, not least because of the inability of making these objectives measurable. Therefore, to overcome this obstacle, assessment frameworks for natural capital are needed. This study presents a simple framework for national and global natural capital accounting. It demonstrates, using the example of Italy, an accounting framework which tracks national economies' energy and resource throughput and translates them into biologically productive areas necessary to produce these flows. This calculation has been applied to over 52 countries. With this framework, based on the ecological footprint concept, human consumption can be compared with natural capital production at the global and national level, using existing data.
A NOTE TO THE READER This book has been electronically reproduced from digital information stored... more A NOTE TO THE READER This book has been electronically reproduced from digital information stored at John Wiley & Sons, Inc. We are pleased that the use of this new technology will enable us to keep works of enduring scholarly value in print as long as there is reasonable ...
Aimed at advanced level undergraduate and postgraduate courses in financial reporting, accounting... more Aimed at advanced level undergraduate and postgraduate courses in financial reporting, accounting theory or accounting ethics, this cutting-edge text focuses on the role and critical evaluation of corporate social and environmental reporting in meeting the demands for greater systems ...
Uploads
Papers by stephen ofosu