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A Markovian Model for the Valuation of Human Assets Acquired by an Organizational Purchase

Author

Listed:
  • Eric G. Flamholtz

    (Graduate School of Management, and Center for Human Resource Management, Institute of Industrial Relations, University of California, Los Angeles, Los Angeles, California 90024)

  • George T. Geis

    (Center for Human Resource Management, Institute of Industrial Relations, University of California, Los Angeles, Los Angeles, California 90024)

  • Richard J. Perle

    (College of Business, Loyola Marymount University, Los Angeles, California 90045)

Abstract

A corporation acquires the assets and liabilities of a securities brokerage firm for a price in excess of net book value. A Markov analysis is used in conjunction with human resource accounting to value a pool of account executives employed by the brokerage firm. The tax implications of imputing a portion of the purchase price premium to the pool of human assets (as opposed to goodwill) are discussed.

Suggested Citation

  • Eric G. Flamholtz & George T. Geis & Richard J. Perle, 1984. "A Markovian Model for the Valuation of Human Assets Acquired by an Organizational Purchase," Interfaces, INFORMS, vol. 14(6), pages 11-15, December.
    • Handle: RePEc:inm:orinte:v:14:y:1984:i:6:p:11-15
    DOI: 10.1287/inte.14.6.11
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