Abstract
Abstract:In this paper I present a financial framework, known as Economic Value Added or EVA®, used to value firms and apply it to topics highlighted in the Austrian literature. In particular I contrast the market process emphasis in the Austrian literature with the neoclassical firm profit maximization and the role of Kirzner’s
Subject
Strategy and Management,Economics and Econometrics,Finance,Accounting,Business and International Management
Reference66 articles.
1. Entrepreneurship, and the entrepreneurial market process: Israel M. Kirzner and the two levels of analysis in spontaneous order studies;The Review of Austrian Economics,2014
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