Is anything “company-specific” per se? Company-specific risk is not an ideal name for this risk. All firms face company-specific risks, many of which are somewhat similar across industries and companies. For example, how many firms have you valued that had to deal with the risk of customer concentration? Read more >>

Every company—large and small alike—now faces material risks related to data security and privacy concerns that need to be addressed when performing a business valuation. This is a challenging area for valuators because it is a complex issue and there is little guidance or empirical data to help quantify these risks. Fortunately, ideas and techniques are emerging to help pave the way to better understand and measure the impact of data security and cyber liability risks on the value of a business. Read more >>

Of all the components that make up the cost of equity (COE), the company-specific risk premium (CSRP) often has the biggest impact on your discount rate. And, while appraisers rely on hard data for all of the other inputs in the COE, the CSRP is more or less a guess—which can send your business valuation off course.​ Check out BVR's infographic. Read more >>

There is a big swing in prices for HVAC firms—from under 10% of revenue to over 100% of revenue—depending on the mix of business. Read more >>

The bonding process is very important for electrical contractors, especially in large metropolitan areas where they can’t work on certain jobs without being bonded. Read more >>

A recent ESOP decision involving allegations of breach of fiduciary duty and engaging in a prohibited transaction turned on whether the ESOP trustee’s financial advisor had performed proper due diligence and issued defensible fairness and valuation analyses. Read more >>