The Valuation of Human Resources

Dobbins, Richard; Trussell, Peter

doi:10.1108/eb001071

Cited by 6 publications

(3 citation statements)

References 1 publication

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“…Accountants have proposed several methods for valuing human assets and each approach depends on its own assumptions and produces different valuations. This is well illustrated by Dobbins & Trussell's (1975) analysis of the asset value of the 1974 Liverpool Football Club (see Table 1). Although the various methods of valuing human assets can result in different valuations, such differences should not lead one to abandon HRA because, provided the methods are understood by readers, appropriate evaluations can be made.…”

Section: Calculation Of Human Asset Valuesmentioning

confidence: 68%

Human Resource Accounting: Some aspects which require psychologists' attention

Swann

1978

Journal of Occupational Psychology

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For some years, a body of literature on the topic of Human Resource Accounting has been building up in the accounting journals. The response from psychologists to the idea of valuing the human resource has been very limited despite the fact that it was a psychologist, Likert, who can be considered to have been one of the significant influences in the field. An unfortunate feature of the Human Resource Accounting approach has been the emergence of strong pro‐ and anti‐camps. This paper attempts a piecemeal survey of some of the aspects of Human Resource Accounting and argues that a selective picking from this field could be the justified concern of many occupational psychologists.

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Section: Calculation Of Human Asset Valuesmentioning

confidence: 68%

Human Resource Accounting: Some aspects which require psychologists' attention

Swann

1978

Journal of Occupational Psychology

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“…In a previous article [3] we identified five of the methods found in the literature by which it is suggested human resources may be valued. These methods are:…”

Section: Human Resource Valuation Techniquesmentioning

confidence: 99%

Human Resource Accounting

Trussell

Dobbins

1976

Managerial Finance

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.

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“…Indeed, references to the German platform are becoming increasingly common in the football industry, both during transfer negotiations 8 and in financial documentation. 9 In addition to the interest from practitioners in determining the value of football players, scholars in economics, management and accounting fields have been studying the topic for almost 50 years (Dobbins & Trussell, 1975;Trussell, 1976). On further investigation of this football-related literature, we can pinpoint two indications of increased interest from academics.…”

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confidence: 99%

Football players in light of economic value theory: Critical review and conceptualisation

Franceschi,

Brocard,

Follert

et al. 2023

Manage Decis Econ

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Football players represent the key assets of football clubs, and their value determination is therefore at the heart of clubs' investment and decision‐making processes. Unsurprisingly, the topic of player value has attracted the attention of scholars from various disciplines for decades. Despite this, there is a corpus of academic literature, which, although it works empirically with the relevant data, does not discuss any of the concepts related to the terms ‘value’ and ‘price’ in depth. Conversely, there are studies that do so but do not present a unified and coherent concept of the terminologies used. Consequently, no comprehensive definition of the value of football players seems to emerge from the literature. The central aim of this paper is to fill this gap. Based on a critical review of existing literature, we propose a unified framework embedded in subjective value theory, particularly as formulated by the Austrian school of economics. As a result, this work presents a theoretical basis for defining the use value and market value of football players, the comparison of which can improve clubs' decision‐making. In this context, we also discuss the conceptual validity of Transfermarkt values, a widely used crowd‐sourced valuation tool. Overall, we seek to strengthen the link between economic theory and practical management problems in the football industry. Furthermore, our results are not solely limited to football but are also applicable to athlete valuation in other sports.

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The Valuation of Human Resources

Cited by 6 publications

References 1 publication

Human Resource Accounting: Some aspects which require psychologists' attention

Human Resource Accounting: Some aspects which require psychologists' attention

Human Resource Accounting

Football players in light of economic value theory: Critical review and conceptualisation

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