THE VALUATION OF FIXED ASSETS IN THE FINANCIAL ACCOUNTS OF UK NATIONALISED INDUSTRIES AND THE IMPLICATIONS FOR MONITORING PERFORMANCE: A REPLY
回复了Davies和McInnes的评论，澄清对MacArthur（1980）文章的误解，并质疑其评论中混淆经济决策模型与经济估值模型的方法。
This reply to the comment by Davies and McInnes deals with an apparent misconception concerning an article by MacArthur (1980). It also challenges the suitability of the approach taken in the comment for valuing business assets, which seems to be confusing an economic decision‐model with an economic valuation‐model