Rebutting Critics of the Longstaff DLOM Methodology

Business Valuation UpdateVol. 18 No. 9
September 2012
Marc Vianello, CPA, ABV, CFF

Summary

In 1995, when Francis A. Longstaff, Ph.D., presented his idea that the formula for calculating the value of a lookback option with and without a liquidity restriction assumption could be used to estimate the discount for lack of marketability (DLOM) of a ...