A Stochastic Model for Human Resources Valuation

American Accounting Association, A Statement of Basic Accounting Theory, 1966.

Lev B. Schwartz A. , “On the Use of the Economic Concept of Human Capital in Financial Statements,” The Accounting Review, Vol. XLVI (January 1971), pp. 103–113; and Flamholtz E. , “A Model for Human Resources Valuation: A Stochastic Process with Service Rewards,” The Accounting Review, Vol. XVII (April 1971), pp. 253–267.

Fisher I. , The Theory of Interest ( Kelley A. M. , Reprint of Economic Classics, 1961), pp. 12–14.

Lev Schwartz , op. cit., p. 105.

Flamholtz , op. cit., p. 260.

Flamholtz , ibid., pp. 263–66.

Flamholtz , ibid., p. 266.

Fisher Irving , op. cit., pp.; 12, 14.

Gordon M. J. Shillinglaw G. , Accounting—A Management Approach, 3rd ed. (Illinois: R. D. Irwin, Inc., 1964), p. 4.

Henderson J. M. Quandt R. E. , Microeconomic Theory—A Mathematical Approach (New York: McGraw-Hill, Inc., 1958), p. 107.

Gordon Shillinglaw , op. cit., p. 4.

Gordon Shillinglaw , ibid., p. 397.

An Evaluation of External Reporting Practices, A Report of the 1966–1968 Committee on External Reporting, The Accounting Review, Supplement to Vol. XLIX, 1969, p. 117.

An Evaluation of External Reporting Practices, op. cit., p. 113.

Ibid., p. 117.

Karlin S. J. , A First Course in Stochastic Processes (New York: Academic Press, Inc., 1966), p. 28.

Lev Schwartz , op. cit., p. 107.