<URL:http://www.uwasa.fi/~ts/smuc/prog/smucprog.html>

Timo Salmi and Ilkka Virtanen

Measuring the Long-Run Profitability of the Firm; A Simulation Evaluation of the Financial Statement Based IRR Estimation Methods

The Turbo Pascal Computer Programs


smuctpu.pas  A common unit Turbo Pascal routines
cdisunif.pas  Calculate coefficients for uniform contribution distribution.
cdisnegb.pas  Calculate coefficients for negative binomial contribution distribution.
cdisanto.pas  Calculate coefficients for Anton contribution distribution.
smucstra.pas  Generate the firm's time series. The version with straight-line depreciation.
smucdecl.pas  Generate the firm's time series. The version with the double-declining balance depreciation.
smucannu.pas  Generate the firm's time series. The version with annuity depreciation.
kayestim.pas  Kay's IRR estimation method.
ijiestim.pas  Ijiri-Salamon IRR estimation method.
ijiaccu.pas  Ijiri-Salamon IRR estimation method with perfect knowledge of the gross book value.
rruestim.pas  Ruuhela's IRR estimation method.
arrestim.pas  Average accountant's rate of Return IRR estimation method.
Goto:   The main text of Salmi and Virtanen (1997)

(Departments of Accounting and Mathematics, University of Vaasa, Finland) Department of Accounting and Finance [Offline. For maintenance only.] Department of Accounting and Finance Department of Mathematics and Statistics University of Vaasa, Finland [Offline. For maintenance only.] WWW root level

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