Academic literature on the topic 'Discount for lack of marketability'

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Journal articles on the topic "Discount for lack of marketability"

1

Sansing, Richard C. "Economic Foundations of Valuation Discounts." Journal of the American Taxation Association 21, s-1 (1999): 28–38. http://dx.doi.org/10.2308/jata.1999.21.s-1.28.

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This paper develops and analyzes two models of asset valuation from which the appropriate discounts for lack of marketability, blockage, and minority ownership are derived. The analysis of the first model shows that a lack of prospective buyers is a necessary but not sufficient condition for a discount for lack of marketability. Heterogeneous beliefs among prospective buyers regarding the value of the asset are also required. A consequence of this result is that the proper marketability discount for an interest in a partnership that holds easily valued investment assets is zero. Analysis of the second model shows that a discount for owning a minority interest reflects the ability of a majority owner to indirectly transfer wealth to himself at the expense of the minority owner. If a discount exists, it is decreasing in the cost of the transfer to the corporation and decreasing in the ownership interest of the majority shareholder.
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2

Rýdlová, Barbora. "Lack of Marketability Discount - Analysis of Empirical Studies." Český finanční a účetní časopis 2006, no. 1 (2006): 118–34. http://dx.doi.org/10.18267/j.cfuc.132.

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3

TAUB, MAXWELL J. "Some Thoughts on the Lack of Marketability Discount." Business Valuation Review 13, no. 3 (1994): 113–14. http://dx.doi.org/10.5791/0882-2875-13.3.113.

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4

ABRAMS, JAY B. "Discount For Lack of Marketability: A Theoretical Model." Business Valuation Review 13, no. 3 (1994): 132–39. http://dx.doi.org/10.5791/0882-2875-13.3.132.

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5

LERCH, MARY ANN. "Yet Another Discount for Lack of Marketability Study." Business Valuation Review 16, no. 2 (1997): 70–106. http://dx.doi.org/10.5791/0882-2875-16.2.70.

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6

Kania, John J. "Evolution of the Discount for Lack of Marketability." Business Valuation Review 20, no. 1 (2001): 11–17. http://dx.doi.org/10.5791/0882-2875-20.1.11.

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7

Abbott, Ashok B. "Discount for Lack of Marketability: An Empirical Analysis." Business Valuation Review 22, no. 4 (2003): 172–79. http://dx.doi.org/10.5791/0882-2875-22.4.172.

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8

Hatch, John. "Discount for Lack of Marketability: Do IPO Studies Tell Us Anything?" Business Valuation Review 23, no. 1 (2004): 10–13. http://dx.doi.org/10.5791/0882-2875-23.1.10.

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9

Brooks, Robert. "A General Option Valuation Approach to Discount for Lack of Marketability." Business Valuation Review 35, no. 4 (2016): 135–48. http://dx.doi.org/10.5791/bvr-d-16-00008.1.

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10

Chipalkatti, Niranjan. "Estimating the Discount For Lack of Marketability-Using Proportional Bid-Ask Spreads." Business Valuation Review 20, no. 1 (2001): 3–10. http://dx.doi.org/10.5791/0882-2875-20.1.3.

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