arisen in the UK literature, does not appear to have had a substantial impact in the US literature, although one of the protagonists (Amey) currently teaches in North America. It is interesting to note that despite its recommendation in basic management accounting texts there does not seem to be any widespread use of residual income in US industry, In a study in the mid-l960âs, Mauriel and Anthony (1966) found that 27% of their sample used residual income as one of the measures of divisional performance. More recently, Reece and Cool (1978) reported that the percentage of their sample of US companies using residual income was only 34%. These figures suggest that the preference for residual income shown by educators has not had a material effect on practices in US industry. The position in the UK is somewhat similar. Tomkins (1973) found rather limited use of residual income in divisionalised UK companies. This limited use of residual income in practice might be attributed to the absence of responsibility for capital investment decisions at the divisional level. AU decisions concerning capital expenditure might be made at corporate headquarters. Amey had expressed the view that âin the interest of achieving the
Journal of Business Finance & Accounting – Wiley
Published: Sep 1, 1981
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