The valuation implications of human capi
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Ilanit Gavious; Meir Russ
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Article
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2009
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Elsevier Science
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English
β 243 KB
We examine the valuation implications of human capital both for a broad sample of firms and for subsamples of high-technology firms and low-technology firms. Our results suggest that the market appears to value compensation expenses not as expenses but as if they serve as a proxy for a human asset t