For descriptions of divisional targetry systems that do not emphasize ROI, see HendersonBruce D.DeardenJohn, “New Systems for Divisional Control,”Harvard Business Review, Sept.-Oct. 1966, and MaurielJohn J.AnthonyRobert N., “Misevaluation of Investment Center Performance,”ibid., March-April 1966.
2.
MaurielAnthony, ibid.
3.
HendersonDearden, op. cit.
4.
For example, WestonJ. Fred, Managerial Finance (New York: Holt, Rinehart and Winston, 1962), pp. 230–238.
5.
ParkerR. H., “Discounted Cash Flow in Historical Perspective” (Manchester Business School, unpublished research paper).
6.
AnthonyRobert N., “Accounting for Capital Costs,” in AnthonyRobert N.DeardenJohnVancilRichard F., Management Control Systems (Homewood, Ill.: Richard D. Irwin, Inc., 1965), pp. 343–348.
7.
SolomonsDavid, Divisional Performance Measurement and Control (New York: Financial Executives Research Foundation, 1965), p. 135.
8.
SolomonEzra, “Return on Investment: The Relation of Book Yield to True Yield,”Research in Accounting Measurement (Evanston, Ill.: American Accounting Association, 1966).
