 The development of discounted cash flow and profitability of investment in France in the 1960sAnne Pezet () Accounting History Review, 1997, vol. 7, issue 3, 367-380 Abstract: The methods and concepts of the history of technology can make a contribution to the history of management techniques. The model developed by Hughes (1983) to trace the history of a technique from the invention phase to the stabilization phase can provide a useful tool of analysis. The history (until now written exclusively in Anglo-Saxon terms) of the slow adoption by firms of the very old technique of discounting, in order to evaluate investments, can be discussed within a new framework. In France the innovation phase took place very early, as a result of a long tradition of economic calculation. The French case demonstrates the link between management innovation and the social and economic environment. This link appears to be more in accord with Gille's 'loose determinism' than with any rigid causality. Keywords: Discounted Cash Flow; Actualization; Innovation; Socio-economic; Context; Adaptation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:acbsfi:v:7:y:1997:i:3:p:367-380 Ordering information: This journal article can be ordered from Access Statistics for this article Accounting History Review is currently edited by Stephen Walker More articles in Accounting History Review from Taylor & Francis Journals |
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