Ang Offers SSBV Members More Evidence of the Lack of a Size Effect

Business Valuation UpdateVol. 28 No. 11
November 2022
cost of capital
discount rate, private company valuation, risk analysis, cost of equity, size effect


Clifford Ang (Compass Lexecon), who offered an impassioned plea to a large group from the UK’s Society of Shares and Business Valuers (SSBV), has become one of the leading proponents of eliminating or minimizing the traditional size premia. Ang has written a number of articles on the size effect and has a new book, Applied Valuation, due out early next year.