Background
GORDON, Myron Jules was born in 1920 in New York City, New York, United States of America.
( This study adds both knowledge and method in the writin...)
This study adds both knowledge and method in the writing of business history. The author proposes that a preliminary management audit can be devised and utilized to gather data, analyse and compare longitudinally the quality of management existing in organizations. This book modifies a methodological tool for measuring, analysing and comparing managements to aid in the writing of business history. It establishes criteria and examples of excellent management from a sample of the USA’s first large-scale organization – the railroads. Prior to the 1870s the railroads were the only big business in the USA and the early ones emerged as a managerial problem which made obsolescent traditional structures and concepts and required effective management.
http://www.amazon.com/gp/product/0415854210/?tag=2022091-20
(2013 Reprint of 1962 Edition. Full facsimile of the origi...)
2013 Reprint of 1962 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. "The Dividend Discount Model" is also known as the "Gordon model" named after professor Myron J. Gordon who popularized the model. Professor Gordon fathered this concept in this 1962 economic treatise. Although no investment model works for all stocks all of the time, the dividend discount model has proven to be a reliable way of selecting stocks that on average will perform relatively well on a long-term basis. It should be among the tools that investors use to select at least some of the stocks in their portfolio.
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GORDON, Myron Jules was born in 1920 in New York City, New York, United States of America.
Bachelor of Arts University Wisonsin, 1941. Doctor of Philosophy Harvard University, 1952.
Assistant Professor, CamegieMellon University, Pittsburgh, 1947-1952. Association Professor Massachusetts Institute of Technology, Cambridge, Mass., USA, 1952-1962. Professor,
University Rochester, 1962-1970.
Visiting Professor, University California Berkeley, 1966-1967, Hebrew University, Jerusalem, 1973, University Pennsylvania, 1977. Professor Finance, University Toronto, Toronto, Ontario, Canada,
1970-. Editorial Boards, Accounting Review, Journal of Finance, Finance Managment, Journal of Banking and Finance.
(This book presents a solution to the problem faced by cor...)
( This study adds both knowledge and method in the writin...)
(A Hard Back Book from The Willard J. Graham Series in Acc...)
(2013 Reprint of 1962 Edition. Full facsimile of the origi...)
From 1947- 1960 my research was concerned primarily with two questions in accounting. One was the principles of asset valuation and income measurement
that maximise the value and income of a firm. At that time accounting research was devoted to arriving at the true value and income of a firm.
The question I posed and the answers I found in paper (No. 2. above) and other articles had a considerable impact on subsequent research in accounting. The other question that concerned me was the design of responsibility accounting systems under alternative delegations of authority to subordinate levels of management for the purpose of maintaining top managment control.
Standard costs, overhead budgets and other methods of transfer pricing in the accounts were looked at and developed within this theoretical framework. A number of articles and my textbooks on accounting contributed to the early development of the theory of responsibility accounting systems.
During the 1950s I became increasingly interested in the theory of asset valuations under uncertainty and with the investment and financing policies that maximise the value of a corporation. This resulted in my most influential work to date, The Investment Financing and Valuation of the Corporation.
Part of this work was the discounted cash flow measure of share yield which has become widely used in industry and finance as the expected return on a share of stock.
During the last five years my interest has turned to the macroimplications of my work on investment, financing, growth and survival. Starting with my presidential address (No. 5. above), a number of papers have been concerned with the cyclical and long-run behaviour of a capitalist system in which person and firms are concerned with the security of their income as well as its expected level.
These macro-objectives have also been served by my work on the non-production activities of large widely-owned corporations that are employed to maintain and increase their rents.