Owner Employee Compensation is Not Free Cash Flow

Owner 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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Year of publication:	2008
Authors:	Elmaleh, Michael Sack
Published in:	Journal of Business Valuation and Economic Loss Analysis. - Berkeley Electronic Press. - Vol. 3.2008, 1, p. 8-8
Publisher:	Berkeley Electronic Press
Subject:	owner employee compensation \| free cash flow

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress.com:jbvela-1043
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005579827