Here’s what you’ll see:
- The Black-Scholes Model Can Overvalue ESOs and Other Options (Martin Greene). The Black-Scholes model was not originally intended for many present-day uses. It’s a common formula used to value employee stock options (ESOs) and other options, but it may overvalue those with long holding periods.
- Key Issues in Debate Over the Cost Approach for Healthcare Intangibles (Mark O. Dietrich and Timothy R. Smith). The interplay of the ongoing controversy over the reliance on the cost approach to value intangibles in the healthcare industry, a recent AICPA white paper, and the ongoing tough government crackdown on fraud in healthcare valuations is explored in this eye-opening article.
- Compensation Normalization and the Double-Dip: The Discussion Continues (Bryan P. Robertson). The author takes issue with an earlier BVU article on the double-dip concept.
- Levis Responds to Double-Dip Misconception (Robert W. Levis). A response to the critique of the author’s double-dip article.
- BVU PROFILE: Insights Into the Business Valuation Profession and Practice in Australia. An interview with John-Henry Eversgerd, a valuator who trained and worked in the US before moving to Australia seven years ago.
- New Features: Ask the Experts and Tip of the Month. Valuation experts answer puzzling questions and give some practical advice on a wide variety of topics.
To read these articles—as well as digests of the latest valuation-relevant court cases—see the November issue of Business Valuation Update (subscription required).
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