Damodaran posts 2023 edition of ERP paper
The “dean of valuation,” Professor Aswath Damodaran (New York University Stern School of Business) has posted “Equity Risk Premiums (ERP): Determinants, Estimation and Implications—The 2023 Edition.”
Global BV News: Early bird ends April 30 for CBV Connect 2023
The early bird discount deadline is April 30 for the two-day CBV Connect 2023 conference in Toronto, hosted by the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter.
Global BV News: Spring 2023 issue of EBVM released
The latest issue (Spring 2023) of the new European Valuation Business Valuation Magazine (EBVM) is now available if you click here.
Schedule available for the ASA Conference in New Orleans October 1-3
The American Society of Appraisers (ASA) has posted the schedule for this year’s International Appraisers Conference to be held October 1-3 in New Orleans.
Fernandez releases survey of 2023 risk premiums and risk-free rates
The results of Professor Pablo Fernandez’s latest survey of the market risk premiums and risk-free rates used in 80 countries in 2023 are now available.
New case involves dispute over company-specific risk
In a Minnesota shareholder buyout matter, the two opposing valuation experts disagreed over the risk associated with customer concentration.
Celebrity poses and gestures as protected trademarks
Celebrities are famous for being poseurs, but can their body movements be protected as a trademark, subject to damages for infringement?
Webinar tomorrow on USPAP fifth exposure draft
The Appraisal Foundation’s Appraisal Standards Board (ASB) will host a free webinar to discuss the fifth exposure draft of USPAP tomorrow, April 13, at 1:00 p.m. ET.
Global BV News: New pecking order in celebrity brand value in India
Ranveer Singh has leapfrogged over Virat Kohli to sit at the top of list of most powerful celebrity brands in India, according to Kroll’s “Celebrity Brand Valuation Study 2022: ‘Beyond the Mainstream.’”
In re Marriage of Bainbridge
In this Iowa appellate case regarding a marital dissolution, the appellate court affirmed the decision of the trial court judge as to the value of the husband’s construction company. The wife’s expert used a valuation date of Dec. 31, 2020, versus trial date of December 2021 because of availability of information on the business.
Value of Husband’s Business Affirmed Based on Trial Judge’s Reasonable Discretion
In this Iowa appellate case regarding a marital dissolution, the appellate court affirmed the decision of the trial court judge as to the value of the husband’s construction company. The wife’s expert used a valuation date of Dec. 31, 2020, versus trial date of December 2021 because of availability of information on the business.
Fifth exposure draft of USPAP released
Based on feedback to the fourth exposure draft of USPAP, a fifth exposure draft has been issued and is available if you click here.
Global BV News: Emerging markets ramping up ESG efforts, per BCG
Although they had a slow start getting on the ESG bandwagon, emerging markets are catching up big time.
IVSC has a striking new logo
The first thing to notice about the new logo of the International Valuation Standards Council (IVSC) is the letter “V” and its distinctive design (see below).
Global BV News: 2022 industry multiples down in Latin America
In terms of EV/EBITDA, multiples in Latin America have generally decreased in 2022 due to a pessimistic outlook and deteriorating market conditions, according to the third edition of Kroll’s “Industry Multiples in Latin America” (LATAM) quarterly report.
Lieberman-Massoni v. Massoni
The trial court in this New York divorce awarded the value of the husband’s class B units in lieu of awarding a portion of the actual units to the wife and also barred the wife from any distributions on those units occurring after the valuation date.
New York Appellate Court Affirms Award of Value of Husband’s Class B Units in Lieu of Actual Distribution of Share of Units
The trial court in this New York divorce awarded the value of the husband’s class B units in lieu of awarding a portion of the actual units to the wife and also barred the wife from any distributions on those units occurring after the valuation date.
Determining Reasonable Compensation + an RCReports Case Study
This session explains the accepted methodologies for normalizing owner compensation in business valuations. The cost, market, and income approaches will be explained with examples. Demonstrations of RCReports software will show how to obtain compensation data for each approach. Practical tips and recommendations for improving efficiencies, documenting analyses, and avoiding common mistakes will also be provided.
More Insights From Young BVers About the Profession
The second of two panel discussions with young valuation and forensics experts reveal additional insights on their perspectives on the profession, including what attracted them to the profession and why they stay in it.
Considerations When Adding Litigation Services to a Valuation Practice
The 2022 AAML/BVR National Divorce Conference sparked some advice for moving your practice into litigation support services for marital dissolution or any other matters that are headed to court.
Valuation Expert Gets Caught Up in a Plagiarism Nightmare
A valuation expert in a divorce case was discredited over some material in his report that was copied from outside sources without attribution. With the proliferation of data and research on the web, it is easy to inadvertently use something and then forget to add the attribution.
BV News and Trends March 2023
A monthly roundup of key developments of interest to business valuation experts.
Global BV News and Trends March 2023
Business valuation news from a global perspective.
Artificial Intelligence and the Future of Valuation
Artificial Intelligence (AI) and its progeny (such as machine learning [ML] and robotics) are increasingly becoming reality. The AI explosion is underway. Where and when it comes to the neighborhood of Business Valuation is a subject that we as Valuation Analysts should be informed about. In this webinar, Jim Alerding will explore the new frontier of Artificial Intelligence and discuss how it might impact the valuation of a business. Alerding’s s advice is that AI ...
Tax Court accepts tax affecting—grudgingly
In an important case litigated seven years ago, the Tax Court has issued a memo decision that accepts tax affecting—but noted that it did so because of the “unique setting at hand” in the case.