Owner Employee Compensation is Not Free Cash Flow
AbstractOwner employees require reasonable compensation for services provided to their companies. It is a major conceptual error to treat such compensation as free cash flow in the calculation of economic value.
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Bibliographic InfoArticle provided by De Gruyter in its journal Journal of Business Valuation and Economic Loss Analysis.
Volume (Year): 3 (2008)
Issue (Month): 1 (September)
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Web page: http://www.degruyter.com
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