Purpose – The purpose of this paper is to deal with the conceptualization and measurement of the economic value of what we have termed “human capital of the third kind”, i.e. corporate culture. It also seeks to draw upon empirical research from the field of culture management to show how...

Although there has been a great deal of interest in the idea of accounting for human resources and considerable theoretical discussion of the problems of measuring human resource value and cost, there has been virtually no empirical research on the validity of proposed methods and models. This...

‘Human resource accounting’ (HRA) is a term of relatively recent origin: research on HRA only began during the 1960s. Initially, the objective was to improve corporate financial reporting by accounting for ‘human assets’ and, in turn, to increase the representational validity of income...

A recent paper by Flamholtz and Wollman described the conceptualisation, development, and implementa‐tion of the stochastic rewards model for human resource valuation (SRVM) in a human capital intensive firm. An essential prerequisite before such models can actually be implemented in...