Business Valuation Update
- How to Review a Report’s Valuation Methodology
- Ideas for Solving Two Problems in the BV Profession
- How Do Your Firm’s Benefits Stack Up?
- Using Rule of Thumb Data to Uncover Cooked Books
DLOMs in FLPs
Some Issues in Valuing Interests in Family Limited Partnerships , H. Glenn Henderson , American Journal of Family Law , Fall 2001, pp. 186-188. One of the most difficult issues in determining ...
Marketability discounts: using four measures of risk andadjusting for relative liquidity
Court cases are won with empirical evidence that is as nearly on point with the subject company as possible. In this article, Espen shows how companies with four specific risk measures (company size ...
Discounts and Family Limited Partnerships Holding Only Marketable Securities
"Discounts and Family Limited Partnerships Holding Only Marketable Securities," Crow, Matthew R., CPA Litigation Service Counselor , May 1999, pp. 9-12. This article attempts to answer two ques ...
Three market approaches to determine the blockage discount
Blockage Discounts for Publicly Traded Stock , George Hawkins , Fair Value , Fall 2001, pp. 1-15. This article considers the hypothetical situation of a large block of shares and illustrates thre ...
Nondistributing partnerships show 46% discount from NAV
"Partnership Re-Sale Discounts Holding Their Own," Partnership Spectrum, May/June 1999, pp. 1-18. Reviewed by Russell T. Glazer, CPA, Horowitz, Waldman, Berretta & Maldow, LLP As the ...
State of the art reference for all discounts and premiums issues
by Rand M. Curtiss, FIBA, MCBA, ASA, ASA, Loveman-Curtiss, Inc. Business Valuation Discounts and Premiums , Shannon P. Pratt, John Wiley & Sons, September 2001. Available from Business V ...
Bid-ask spread helpful to calculate DLOM
Estimating the Discount For Lack of Marketability Using Proportional Bid-Ask Spreads , Niranjan Chipalkatti, Business Valuation Review , March 2001, Vol. 20, No. 1, pp. 3-10. Appraisers curre ...
QMDM debate continues
The QMDM and Estimating Required Rates of Return for Restricted Stock , Z. Christopher Mercer, ASA, CFA, Business Valuation Review , June 2001, pp. 12-20. The article summarizes the debate be ...
Unique factors in ESOP transactions
ESOP Valuation Techniques , Robert P. Trumble, Gregory Lawson, and Karen Hawkridge, Valuation Strategies , July/August 2002, pp. 28-31, 47. An ESOP is an employee benefit plan that turn ...
What you should know about PLPs
"Preferred Limited Partnerships: The FLP's of Choice?" Hatcher, Jr., Milford B. and Gregory E. Kniesel , Valuation Strategies , July/August 1999, pp. 12-33. This article presents a rather comprehens ...
Expanded analysis from Emory
Expanded Study of the Value of Marketability as Illustrated in Initial Public Offering of Common Stock May 1997 through December 2000 , John D. Emory Sr., ASA, F.R. Dengel III, and John D. Emory Jr.
Introducing Liquistat™: A Completely New Way Of Determining DLOM
The starting point for any analysis of the discount for lack of marketability (DLOM) should be the best available evidence—and this has traditionally been the restricted stock data, which provide contemporaneous prices for two otherwise-identical securiti ...
Pre-IPO Study from Willamette Management Associates shows higher DLOM figures post dot.com boom
Willamette Management Associates’ Discount for Lack of Marketability Study for Marital Dissolution Valuations, Robert F. Reilly, American Journal of Family Law, Spring 2005, pp. 44-51.
Ever expanding and improving VAB, 4th edition
Valuing A Business , 4th Edition , Shannon P. Pratt, Robert F. Reilly, and Robert P. Schweihs . McGraw-Hill, August 2000. Available from Business Valuation Resources, 7412 S.W. Beaverton-Hillsdale Hi ...
S corp value and capital gains
How Do Unrealized Capital Gains Affect Valuation of S Corporation Stock? , Susan G. Massey, The Valuation Examiner , May/June 2002, pp. 26-29. The Tax Court recently agreed that it is appropriate ...
CEFs not comparable with LPs
The article begins by observing that a Limited Partnership (LP) that owns securities, real estate, and/or other assets differs from individual ownership of such assets. In recognizing this difference, the article addresses the closed-end fund (CEF) disco ...
Valuation issues in marital dissolutions
Major Issues Associated with the Valuation of a Business in Divorce, Dennis Bingham and William C. Herber, American Journal of Family Law, Fall 2004, pp. 143-148.
Key Caveats to Consider Before Applying Valuation Adjustments In Marital Dissolution Cases
Reilly offers several key caveats to check against before incorporating valuation discounts/premiums: (1) comparative empirical or income data regarding the subject company; (2) published empirical data regarding valuation benchmarks; and (3) judicial or ...
Advanced business valution treatise Extended Review
Quantitative Business Valuation: A Mathematical Approach for Today's Professionals , Jay B. Abrams , McGraw-Hill Professional Publishing, 2001. 2 Penn Plaza, New York, NY 10121-2298, 1-800 2MCGRAW ...
Advanced business valuation treatise
Quantitative Business Valuation: A Mathematical Approach for Today's Professionals , Jay B. Abrams , McGraw-Hill Professional Publishing 2001. 2 Penn Plaza, New York, NY 10121-2298, (800) 2MC-GRAW ...
Moneysoft issues valuation software
Corporate Valuation Professional has the authority to support a diverse range of business decisions; from selling, merging, purchasing or divesting a business, taking a ...
Bullet-proofing Your Business Valuation Report Against Today’s Stronger, Smarter Attorneys
The ‘Dirty Dozen’ Mistakes When Using a Valuation Expert, Richard Ferguson, CPA, CVA, American Journal of Family Law (Summer, 2005, pp. 266-275 ...
The most noteworthy articles on ESOP valuation
ESOP Valuation , The National Center for Employee Ownership. 1736 Franklin St., 8 th Floor, Oakland, CA 94612 , www.nceo.org . $25 for NCEO members, $35 for non-members, 208 pp., 6" by 9", sof ...
Other Articles March 2002
Business Appraisal Dilemmas and Controversies: Selecting and Interpreting Definitions of Value , Raymond C. Miles, Business Appraisal Practice , Fall 2001, pp. 54-63. In this article, Miles con ...
Empirical data primer
"The Empirical Foundation for Business Valuations," Robert M. Power, Jr., and Robert B. McMunigle, The Valuation Examiner , January/February 2000, pp. 19-24. This article focuses on incorporating ...