BVR's Guide to Discounts for Lack of Marketability

In the fifth edition of BVR's Guide to Discounts for Lack of Marketability, John Stockdale, Sr. offers the newest treatise on the theories, evidence, and techniques for determining discounts for lack of marketability (DLOM). DLOM is one of the most discussed topics in the business valuation profession with a historically wide divergence in how valuators approach it. This valuable, two-volume resource offers practical guidance for determining the DLOM and includes a compendium with analysis of over 100 of the most important cases that have made it into the courts. Case reviews shed light on how judges have viewed experts' use of the relevant facts and economic principles to determine a DLOM.

Highlights of this new edition include:

Insight into the IRS view on DLOM
Expanded commentary on the liquidity premium
Increased coverage of restricted stock studies, now including 32 studies
Additional insight on the factors related to restricted stock discounts
Expanded discussion of pre-IPO studies, and minority public stock evidence
Additional studies on the matched pairs approach and discounts in private companies
Expanded section on volatility models, including the Sigma-DLOM Curve
Computational methods and models including the revised Finnerty and the Ghaidarov Average Strike Put Option
Comprehensive and easy-to-read court case summary table