The Financial Implications of Advertising as an Investment

Proposes that advertising should be analysed within a framework of capital budgeting and treated as an investment.

The Financial Implications of Advertising as an Investment

John B White and Morgan P Miles

It is the day of cost cutters, and if advertising is viewed as a cost, then advertising will be cut too.

Danaher and Rust, 1994

Capitalizing brands, or putting them on the balance sheet, is still a controversial subject.

Broadbent, 1993

The assets that really count are the ones accountants can't count ...

Stewart, 1995

... long term has come to be considered one or two quarters....

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