A survey of business valuation firms asked about research tools used for industry analysis, transactions, premiums and discounts, cost of capital, guideline public company analyses, compensation, valuation-related case law, and more.
Compensation survey data do not provide a complete and precise depiction of the physician marketplace for any physician deal. The authors debunk the current “survey says” paradigm and provide the foundation for a completely new standard for the fair market value of physician clinical compensation.
The authors provide a formal model of lost profits with a special focus on measurement of expenses, how “time” is a factor, and special efforts the expert needs to make to reduce the chances of failing a Daubert challenge.
Senior members of Valuation Research Corp. (VRC) give an update on the firm’s work in M&A advisory, transactions, portfolio valuations, and more, but they also talked about the role the firm plays in the development of the valuation profession itself.
A monthly roundup of key developments of interest to business valuation experts.
Business valuation news from a global perspective.
Some techniques to help prevent experts from imploding during fierce cross-examination.
As several recent court decisions show, different judges interpret the gatekeeping role, which they assume under Rule 702 and Daubert, very differently. Some courts take a liberal approach while others favor close scrutiny of the expert’s qualifications and proposed opinion.
A focus on quality control, the improvement of work product output, as well as the support of staff are among the most successful new management practices or policies business valuation, forensic, and litigation support (BVFLS) firms used over the past year, according to a BVR survey.
A series of recent Daubert cases illustrate how different courts may interpret the role of “gatekeeper,” which they perform under Rule 702 and Daubert.
Regulatory as well as financial concerns are driving the need to address the issue of health systems losing money on acquired physician practices.
In divorce cases, it may be necessary to carve up goodwill because, in many jurisdictions, enterprise goodwill is marital property, but personal goodwill is not.
For International Women’s Day, The Appraisal Foundation (TAF) celebrated the women who are advancing the appraisal profession by serving the organization in various ways.
After an exhaustive search, the American Society of Appraisers has named Johnnie White, CAE, CMP, as its new CEO effective April 15.
Bob Duffy was a friend, colleague, and mentor to many in the BV profession who battled ALS (Lou Gehrig’s disease).
A paper examines the choices of valuation methods and their association with redemption prices in disputes concerning private-company squeezeouts.
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San Francisco-based Valuation Research Corp. (VRC) has added five financial reporting professionals.
Valuing Closely Held Farms and Ranches with Economic Reality (March 21), with Ericka Heiser (Ketel Thorstenson).
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BVR recently surveyed more than 160 business valuation, forensic, and litigation support (BVFLS) firms on best practices in financial management, marketing, human resources, compensation, and professional ownership and standards. The wealth of information that comprises our new guide makes it the largest and most thorough analysis of BVFLS firms.
The author's research shows that only current assets, non-competes, and customer relationships have any predictability to WACC in limited industries. In general, when intangibles have significance, their coefficients are negative, which reduces WACC and implied risk. This finding supports the claim by Lev and Gu (2008) that intangibles are important assets, which reduce, not increase risk. The concept that intangible always should have a premium above WACC is unfounded, and the premise of ARM 34 that intangibles are ancillary assets is outdated. The author suggests and alternative method to use purchase price allocation data to support the selection of premiums above WACC.
Part Two On Business Succession Planning--How the Advantage May Be Given to the Child Keeping the Business
Part two of an article, which describes how a parent may transfer a business over to a child in a succession plan while trying to minimize the financial burden to that child.
How a parent may transfer a business over to a child in a succession plan while trying to minimize the financial burden to that child.
3-Ring Demographic Profile (2016) 2601 Market Street, 17011 (3, 5, 10 miles) Developed By: Foundation Consulting Developed For: Main Street Coffee 1 Population and Demographics Primary Radius (3 miles) Second Radius (5 miles) Third Radius (10 miles) Total population 75,183 100% 197,979 100% 377,916 100% Male 37,986 50.52% 96,048 48.51% 183,841 48.65% Female 37,197 49.48% 101,931 51.49% 194,075 51.35% Primary Radius (3 miles) Second Radius (5 miles) Third Radius (10 miles) 5-9 Years 3,879 5.16% 12,505 6.32% 22,925 6.07% 10-14 Years 4,105 5.46% 12,542 6.07% 22,932 6.07% 15-19 Years 3,480 4.63% 11,020 5.57% 23,482 6.21% 20-24 Years 4,664 6.20% 11,267 ...