Fair Value: An Imperfect System Produces Flawed Results, Damodaran Says

Business Valuation UpdateVol. 15 No. 4
Special Reports
April 2009


When it comes to fair value for financial reporting, many business valuation experts are over a barrel. There is a reason for the conundrum: “If you put good people into a flawed system, you will get bad results,” Aswath Damodaran, professor of finance an ...