Publisher: Emerald Group Publishing Ltd
ISSN: 0262-1711
Source: The Journal of Management Development, Vol.16, Iss.7, 1997-07, pp. : 457-465
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Abstract
Demonstrates how the human resource element of a small business can be accounted for by Economic Value Added (EVA), as used in the incorporation of equity costs in the valuation of divisions of large companies. Commends the EVA approach as providing a more consistent valuation estimate in the light of an increase in the proportion of human capital.