Chapter 8 :: Restricted Stock Discounts and Pre-IPO Studies
Chapter 9 :: Introduction to the QMDM
Chapter 10 :: The QMDM Assumptions in Detail
Chapter 11 :: Applying the QMDM
Chapter 12 :: Applying the Integrated Theory to Tax Pass-Through Entities
About the Authors
Index
A guide that demystifies modern valuation theory and shows how to apply fundamental valuation concepts
The revised and updated third edition of Business Valuation: An Integrated Theory explores the core concepts of the integrated theory of business valuation and adapts the theory to reflect how the market for private business actually works.
In this third edition of their book, the authors--two experts on the topic of business valuation--help readers translate valuation theory into everyday valuation practice. This important updated book:
Includes an extended review of the core concepts of the integrated theory of business valuation and applies the theory on a total capital basis
Explains "typical" valuation discounts (marketability and minority interest) and premiums (control premiums) in the context of financial theory, institutional reality and the behavior of market participants
Explores evolving valuation perspectives in the context of the integrated theory
Written by two experts on valuation theory from Mercer Capital
The third edition of Business Valuation is the only book available regarding an integrated theory of business valuation--offering an essential, unprecedented resource for business professionals.
Z. Christopher Mercer, ASA, CFA, (Memphis, TN) is the founder and chief executive officer of Mercer Capital. He has prepared, overseen, or contributed to hundreds of valuations for purposes related to tax, ESOPs, buy-sell agreements, and litigation, among others. He has extensive experience in litigation engagements including statutory fair value cases, divorce, and numerous other matters where valuation issues are in question. He is also an expert in buy-sell agreement disputes. Mercer is a prolific author on valuation-related topics and a frequent speaker on business valuation issues for national professional associations and other business and professional groups.
TRAVIS W. HARMS, CFA, CPA/ABV, is the leader of Mercer Capital's Family Business Advisory Services Group. He focuses primarily on providing financial, strategic, and valuation consulting to multi-generational family businesses. Mr. Harms regularly speaks and writes on valuation and related topics for family business owners and their advisors.
