To value companies like Amazon and Facebook, we need to look beyond dollars and assets
- Written by John Dumay, Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
Investors and business people usually value companies based on the balance of assets and debts at the end of a financial year. But our research found they should be valuing their employees’ ability to innovate while using their existing physical assets.
This is what actually creates value for our economy. For example manufacturing, an example...
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