Handbook of Advanced Business Valuation

Robert F. Reilly and Robert P. Schweihs, eds.

Published by McGraw-Hill (currently out of print)

This book begins where Valuing a Business leaves off. The Handbook of Advanced Business Valuation brings together the nation's most respected valuation, accounting, economic, and legal practitioners to discuss complex topics such as blockage discounts, discounts for lack of marketability, international cost of capital, fairness and solvency opinions, and in-process research and development, to name a few. The book also tackles how to value companies in several specialized industries, such as sports teams, emerging growth companies, government contractors, and radio stations. Both seasoned valuation professionals and beginners, as well as lawyers, accountants, and other advisors, should find this book extremely useful.

Published by McGraw-Hill in 1999 (copyright 2000)

Table of Contents

Part I Technical Topics

1.       The Income Approach-Estimating the Cost of Capital

Shannon P. Pratt

2.       International Cost of Capital

James T. Budyak and Lee P. Hackett

3.       Equity Risk Premiums

David W. King and Roger J. Grabowski

4.       Discounts for Lack of Marketability-Empirical Evidence Related to Pre-IPO Pricing

Steven D. Garber and Jeffrey A. Herbst, Esq.

5.       Discounts Seen in Private Placements of Restricted Stock: The Management Planning, Inc., Long-Term Study (1980-1996)

Robert P. Oliver and Roy H. Meyers

Part II Special Applications

6.       S Corporations-Premium or Discount?

Gary R. Trugman

7.       Blockage Discounts

Joseph S. Estabrook

8.       The Valuation of Family Limited Partnerships

Charles L. Elliott

9.       In-Process R&D

Lawrence B. (Larry) Gooch

Part III Special Issues Related to Specific-Purpose Valuations

10.   The Business Appraiser's Role in Estate Planning

S. Stacy Eastland and John W. Porter

11.   Valuation Issues Unique to ESOPs

Gregory K. Brown

12.   Use of Alternative Equity Securities in the Capital Structure of ESOP Companies

Chester A. Gougis

13.   Valuation for Ad Valorem Taxation

Claire H. Donias

14.   Economic Damages: Use and Abuse of Business Valuation Concepts

John R. Phillips and Michael Joseph Wagner, Esq.

15.   Fair Value for Oppressed and Dissenting Shareholders

Anne C. Singer and Jay E. Fishman

16.   Fairness Opinions

M. Mark Lee and Gilbert E. Matthews

17.   Solvency Opinions

David Light, Richard May, John Miscione, and John O'Brien

18.   How Valuations Affect Transactions: Psychological Powers of Financial Numbers

Robert S. Socol and Robert Lawrence Kuhn

Part IV Special Issues Related to Valuations in Specific Industries

19.   Sports Team Valuation and Venue Feasibility

John E. (Jack) Kane

20.   Valuing Automobile Dealerships

James L. (Butch) Williams

21.   Valuing Radio Broadcasting Companies

Richard M. Wise and Drew S. Dorweiler

22.   Physician Practice Valuation in an Ever-Changing Health Care Market

Charles A. Wilhoite

23.   Valuation of Emerging Growth Companies

James G. Rabe and Tracy Lefteroff

24.   Special Considerations in the Valuation of Closely Held Government Technology Service Firms

Thomas J. Millon Jr. and Michael Mendelevitz