Journal Article Some Effects of Taxes on Risk-Taking Get access B. Näslund B. Näslund Stockholm University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 3, July 1968, Pages 289–306, https://doi.org/10.2307/2296663 Published: 01 July 1968

Commercial bank portfolio models developed by Hester [6], Porter [11], and Kane and Malkiel [7], among others, relate the structure of an asset portfolio to variation in the level of deposits. Similarly, in a recent application of linear programming to asset management, Cohen and Hammer [3] specify a liquidity constraint based upon deposit fluctuations. However, there have been few empirical studies of the determinants of demand deposit fluctuations. The purpose of this paper is to extend the work of Gramley [4], Rangarajan [12], and Wilkerson [14] on the determinants of deposit variability. In this paper, the analysis will be confined to demand deposit variability.

Journal Article On a Property of Concave Functions Get access B. P. Stigum B. P. Stigum Northwestern University, Evanston, Illinois Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 4, October 1968, Pages 413–416, https://doi.org/10.2307/2296768 Published: 01 October 1968

Reviews the book "Data Processing in Management."

The article seeks to illustrate a functional approach to those relationships with which accounting is involved. One application of functionalism as a theoretical and analytical approach is that which has been utilized mainly by certain influential sociologists. A wide range of data has been subjected to functional analysis. A basic requirement is that the object of analysis stand for a standardized feature of a social system or subsystem, such as roles, institutions, norms, and organizations. The properties that receive emphasis when systems are viewed functionally are integration, adaptation, contribution, and maintenance. The parts of the system must be aligned with each other and with their goals or ends, and the variables must be adjusted towards the maintenance of the system, even in a changing environment. A measure of the importance of a part, as well as a means of identifying it, is the contribution that it makes to the total of system activities. Functional analysis bears on the structural activities within a system. This being the case, a functional approach to accounting should provide an understanding and improvement in the relationships among accounting and other information or facilitative agencies.

The problem of interperiod income tax allocation is not a new one. As early as 1944, the Committee on Accounting Procedure of the American Institute of Accountants recommended that, "where an item resulting in a material reduction in income taxes is charged to or carried forward in a deferred charge account, or to a reserve account, it is desirable to include a charge in the income statement of an amount equal to the tax reduction." In the intervening two decades of discussion and debate no clear consensus has emerged regarding the "fundamental questions about the nature of income tax and the validity of the concept of interperiod income tax allocation." When income tax is allocated today, it is current practice to approach the problem on an asset by asset basis. Tax deferments arising from the difference between the accelerated depreciation claimed as a deduction for tax purposes and the amount of depreciation charged for accounting purposes in the income statement are recorded at their current nominal amount. Accountants generally have rejected the idea of discounting deferred tax liabilities, usually on the grounds that it is not current accounting practice to record present values; an exception should not be made in the case of deferred taxes.

International Development