A paper examines the choices of valuation methods and their association with redemption prices in disputes concerning private-company squeezeouts. The authors investigated valuation approaches and fair value estimates presented in cases of Finnish private companies subject to arbitration proceedings between 1998 and 2014. They point out that the procedure followed in the Finnish arbitration tribunal (which can be regarded as the court) is “ideologically akin to the one applied in Delaware courts.” The results point toward the private company “attempting to exploit insider information by applying strategically the valuation approaches that have a potential to provide low fair value estimates for the business.” The market and asset approaches are typically used by all parties, but they are “less likely to yield reliable fair value estimates.” The authors argue that the courts should “pay attention to the choice of valuation methodology” and that minority shareholders should use forward-looking approaches to arrive at fair value. The paper is “Does the Choice in Valuation Method Matter in the Judicial Appraisal of Private Firms?” by Jani Saastamoinen and Hanna Savolainen of the University of Eastern Finland, which was published in the Journal of Business Finance & Accounting (Vol. 46, Issue 1-2).