Stanley C.W. Salvary

Canisius College - Department of Accounting

Professor Emeritus

Buffalo, NY 14208

United States

SCHOLARLY PAPERS

30

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SSRN CITATIONS
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2

CROSSREF CITATIONS

37

Scholarly Papers (30)

1.

Price Level Changes and Financial Accounting Measurement

Economics Working Paper Archive at WUSTL
Number of pages: 31 Posted: 22 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 870 (33,688)

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relevance of inflation accounting information, constant dollar accounting, current cost accounting, maintenance of physical capacity

2.

Accounting in Context of Communication, Language and Information Theories: A Partial Analysis

Number of pages: 16 Posted: 18 Nov 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 646 (50,417)

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Financial reporting, financial statements and notes, Neutrality, structure assignment algorithm, predictability, accounting information as message

3.

Recoverable Cost: The Basis of a General Theory of Financial Accounting Measurement

Accounting Inquiries, Vol. 1, No. 2, February 1992
Number of pages: 35 Posted: 26 May 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 545 (62,605)

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measurement rules, capital budgeting, realizable value, lower of cost and market, capitalization, depreciation, decision theory, market simulation, asset specificity

4.

Financial Accounting Information and the Relevance/Irrelevance Issue

Global Business & Economics Review, Vol. 5, No. 2, pp. 140-175, December 2003
Number of pages: 43 Posted: 16 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 542 (63,036)

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Capital market values, Basle Capital Accord, value of marketable securities, technical insolvency effect, high-technology and dot-com firms, security returns, short-term earnings management, 'new economy', Total Value Creation, liquidity of insurance industry, causative choice, speculative choice

5.

Tracing the Development of a Conceptual Framework of Accounting a Western European and North American Linkage: A Partial Examination

Academy of Accounting Historians Working Paper No. 40
Number of pages: 36 Posted: 15 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 537 (63,712)
Citation 3

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A Classical Model of Accounting, measurement and communication processes, stock-jobbing of companies' shares, 'Bubble Act', environmental stimulus, feudal system, venture accounting, 'economic capital maintenance', creditors' protection, Joint Stock Companies, conservatism, corporate capitalism

6.

Accounting and Financial Reporting in a Changing Environment: Historical and Theoretical Perspectives

Essays in Economic and Business History, Vol. 16, pp. 307-329, 1998
Number of pages: 28 Posted: 02 Nov 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 519 (66,470)

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token system of accounting, evolution of the manorial system, earliest form of manorial revenue, the manorial establishment, household's standard of living, the physical quantity/financial flow relationship, the origin of the firm, organizational/institutional changes, Business Reporting

7.

The Accounting Variable and Stock Price Determination

Studies in Economics and Finance, Vol. 18, No. 2, pp. 26-61, Spring 1998
Number of pages: 29 Posted: 15 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 500 (69,709)

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stock valuation models, fundamental value, committed finance, financial product costing, financial product pricing. 'investment base', risk/return preferences, sequential expectations adjustment model, heterogeneous expectations, economic space

8.

Financial Accounting Measurement: Instrumentation and Calibration

Accounting Enquiries, Vol. 7, No. 2, February 1998
Number of pages: 35 Posted: 12 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 475 (74,159)

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Conceptual framework, accounting measurement, stock market valuation, transaction costs, organizational activity, measurement attribute, present value, realizable value, lower of cost and market value, organizational efficiency, bank-centric financial system, expectations and uncertainty

9.

The Quantity Theory of Money and Financial Accounting Measurement: On the Influence and Impact of a Flawed Theory

Accounting Enquiries, Vol. 10, No. 2, pp. 275-313, Spring/Summer 2001
Number of pages: 24 Posted: 12 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 388 (94,113)

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Price level changes, level of money supply, instability of commodity prices, monetarism, price level adjusted financial statements, general purchasing power

10.

The Underinvestment Problem, Risk Management, and Corporate Earnings Retention

Number of pages: 24 Posted: 15 Jan 2008
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 371 (99,056)
Citation 1

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dividend policy, volatility of cash flows, maximization of shareholders' wealth, low-liquidity and high-liquidity firms, sub-marginal investments, marginal efficiency of capital, the level of liquid assets

11.

On Financial Accounting Measurement: A Reconsideration of Sfac5 by the Fasb is Needed

Journal of Applied Business Research, Vol.13, No.3, pp. 89-103, Summer 1997
Number of pages: 24 Posted: 15 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 275 (137,137)

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capital maintenance, 'cash-in and cash-out' principle, organizing of economic activities, cost efficient means of transacting, uncertain purchasing power, price mechanism, intertemporal transfer of risks, Replacement of non-monetary assets, intersavers' transfer of risks, Hicksian consumption model

12.

Some Conceptions and Misconceptions on Reality and Assumptions in Financial Accounting

Journal of Applied Business Research, Vol.13, No.1, pp. 69-82, Summer 1996/1997
Number of pages: 22 Posted: 15 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 212 (176,742)

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Economic reality, audit opinion, Savings and Loan Associations, aggregative analysis, planning data, simplifying assumptions, going concern, liquidating concern, realization

13.

Business Fluctuations and Financial Accounting Measurement: Historical Comments

Essays in Economic and Business History, Vol. VIII, pp. 217-235, 1990
Number of pages: 22 Posted: 15 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 204 (183,180)

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national or social accounting, replacement cost accounting, retardation of economic growth, Harrod's 'instability principle', maintenance of physical capacity, illusory profits

14.

Accounting: A General Commentary on an Empirical Science

Number of pages: 57 Posted: 02 Jul 2007
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 196 (190,039)

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national accounting and organizational accounting, risk-sharing arrangements, management of time and other resources, monetization of the economy, command over goods and services, extrinsic value and intrinsic value, commodity money and paper/nominal money, money in relation to credit

15.

An Historical Perspective of the Accounting Environment: A General Outline of a Western European and North American Linkage

Academy of Accounting Historians Working Paper No. 50
Number of pages: 31 Posted: 15 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 178 (206,940)

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The information disseminating process, institutional arrangements and their historical evolution, external financial reporting, adaptability, tractability, mobility, and shiftability, mercantilist philosophy, feudalism, manorial system, individual capitalism, joint stock company, industrialization

16.

Society, Science and Economics: The Delicate Balance between Ideology and Epistemology and the Concept of Fairness

Economics Working Paper Archive at WUSTL
Number of pages: 25 Posted: 26 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 137 (257,265)

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Ideological Dominance and Epistemological Relevance, Modelling and Theory Formulation, Instrumentalism, Free Market and Regulated Market, Theory of Imperfect Competition, Fairness, Consensual Correctness, Representational Correctness

17.

The Neoclassical Model, Corporate Retained Earnings and the Regional Flows of Financial Capital

WUSTL Working Paper No. 0410007
Number of pages: 46 Posted: 22 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 82 (364,626)
Citation 2

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The spatio-temporal flows of financial capital, industry regions, dominant industry, internally generated funds, universal investment opportunity set, firm's investment opportunity set, growth rates of annual manufacturing capital expenditures, growth rates of annual manufacturing value added

18.

Business Cycles Creation: Some Historical and Theoretical Perspectives

Essays in Economic and Business History, Vol. XIV, pp. 441-463, 1996
Number of pages: 24 Posted: 15 Apr 2005 Last Revised: 01 Jul 2008
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 78 (375,359)

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cycle creation theories, families of cycles, money shocks, investment cycle, credit cycle, monetary dislocation, systems philosophies

19.

Planning for National Development: An Agenda Guided by the Socioeconomic System's Social Philosophy

REGIONAL SCIENCE: PERSPECTIVES FOR THE FUTURE, Chapter 25, pp. 361-383, Macmillan Press Ltd., 1997
Number of pages: 24 Posted: 19 Jun 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 77 (378,115)

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Institutionalized macroeconomic planning, developing countries, confrontational competition, social welfare maximization, 'governed market theory'

20.

Unrestrained Credit in a Credit Economy, the Credit Cycle, and Fiat Money Defy Monetarism in the Attempt to Control Price Level Changes

Number of pages: 54 Posted: 11 Aug 2008 Last Revised: 28 Apr 2011
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 76 (380,899)

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fiscal policy, inflation, credit cycles, credit economy, monetarism, aggressive business practices, commodity money, exchange ratios, crisis of doubt, fiat money, interest rate policy, unrestrained consumer credit, purchasing power, realignment of relative prices

21.

The 'Pure Science' Approach to Economics and Monetary Policy

Journal of Business & Public Affairs, Vol. 29, No. 1, pp. 35-42, Fall 2002
Number of pages: 18 Posted: 12 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 69 (401,789)

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Monetary policy decisions, economic policy, federal funds target range, purchasing power uncertainty, interest rate targeting, reserves targeting, instruments for the prediction of observable phenomena

22.

Monetary Policy and Not Monetary Control: A Rethinking

Journal of Applied Business Research, Vol. 14, No. 1, pp. 91-106, Winter 1997/1998
Number of pages: 26 Posted: 12 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 63 (421,324)
Citation 1

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Endogenous nature of money, general price level, money supply, quantity theory, price instability, consumer loans outstanding, Fisher effect, money supply rule

23.

On the Historical Validity of Nominal Money as a Measure of Organizational Performance: Some Evidence and Logical Analysis

Essays in Economic and Business History, Vol. XI, pp. 153-177, 1993
Number of pages: 25 Posted: 15 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 55 (449,746)
Citation 1

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organizing economic activities, commodity money, representative paper money, transaction cost reduction, extrinsic and intrinsic values, uncertain nominal value, non specified purchasing power, individual preference, stored entitlements

24.

The Possibility of and Potential for the Misclassification of Professional Accountants in Antiquity

The Accounting Historians Notebook, Vol. 19, No. 2, pp. 13-14,21, 1996
Number of pages: 6 Posted: 12 Dec 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 49 (472,953)

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medieval period, trained scribes, handbook on estate management, manorial documents, forms and records, auditing the accounts.

25.

The Impact of Firm-Type Dominance on Regional Manufacturing Growth

Number of pages: 24 Posted: 29 Dec 2008
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 31 (558,097)

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state-regions and industry-regions, chemical industry region, regional policy analysis, manufacturing growth, firm-type dominance, availability of financial capital, dominant industry model, manufacturing firms' location decisions, regional economic development, foreign-owned manufacturing plants

26.

Observations on the Transmission of Business Fluctuations: The Case of Latin America 1972-1989

WUSTL Economics Working Paper
Number of pages: 19 Posted: 26 Apr 2005
Stanley C.W. Salvary
Canisius College - Department of Accounting
Downloads 31 (558,097)

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Economic Systems, Business Cycle Factors, A System-Dependence Model of Cyclic Behavior, Structural and Pholosophical Types of Economic Systems

27.

Informedness of Economic Agents and the Quantity Theory of Money

Journal of Monetary Economics, Vol. 6, No. 1, pp. 61-85, February 2008
Posted: 05 Mar 2008
Stanley C.W. Salvary
Canisius College - Department of Accounting

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price level index, monetary policy, productivity analysis, price signalling, endogeneity of money, the impact of short term interest rate policy, nominal interest rates, the velocity of money, repudiation of paper money, 'fully informed agents', business firms' credit extension poilicies

28.

An Empirical Test of the Dominant Industry Hypothesis: Some Preliminary Evidence

Journal of Regional Analysis and Policy, Vol. 17, No. 1, pp.77-99, 1987
Posted: 19 Jul 2007
Stanley C.W. Salvary
Canisius College - Department of Accounting

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the dominant industry, state regions, industry regions, growth in regional manufacturing value added, growth in regional manufacturing capital expenditures, leakage in manufacturing industry growth.

29.

Countries in Transition and Monetary Policy: A Framework for Policy Development

Icfai Journal of Monetary Economics, Vol. 4, No. 1, pp. 19-36, 2006
Posted: 18 Jul 2007
Stanley C.W. Salvary
Canisius College - Department of Accounting

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A general framework on monetary policy, the quantity of money, interest rate policy, Latin American countries, Asian emerging market countries, maximum sustainable economic growth, the role of the central bank, exchange rate system, money stock, target variables, open market operations

30.

Equity Security Prices, Investors' Planning Horizon, and Corporate Financial Planning

ICFAI Journal of Financial Economics, Vol. 2007, No. 2, pp. 7-20, June 2007
Posted: 18 Jul 2007
Stanley C.W. Salvary
Canisius College - Department of Accounting

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net present value, risk management, capital market, commodity market, market expectations, financial accounting information, financial and business risks, apparent homogeneous planning horizon, sequential expectations adjustment , 'dividend clientele'