Case Studies

• How to Use The FMV Restricted Stock Study™: A Case Study

• Inflation Adjustment Tool

• A Companion Guide to The FMV Restricted Stock Study - 2007
  A 2010 update to the Companion Guide is in process and will be posted as soon as it's available. Thanks for your patience.

• Looking at the New Data in The FMV Restricted Stock Study™ and How to Use it!
  Presented by Lance Hall at the November 2009 BVR Teleconference on using The FMV Restricted Stock Study™

• The Better Method: A Comparative Analysis with Restricted Stock
  Presented by Lance Hall at the September 2008 Summit on Discount for Lack of Marketability (DLOM), co-sponsored by BVResources and the University of San Diego School of Law

• Value of Restricted Stock
  Presented by Lance Hall at the August 2002 ASA International Appraisal Conference in San Diego, CA

Articles

• Is There a Best Discount Model?
  2008 Summit on Discount for Lack of Marketability (DLOM), co-sponsored by BVResources and the University of San Diego School of Law



• Do not be Afraid to Take Much Higher Discounts During the Recession
  August 2009 Business Valuation Update™



• “Levels of value” chart to be updated to reflect difference in restricted stock versus private
  October 2004 Business Valuation Update™



• Liquidity and levels of value: A new theoretical framework
  October 2004 Business Valuation Update™



• The discount for lack of marketability: an examination of Dr. Bajaj's approach
  February 2004 Business Valuation Update™



• Why are restricted stock discounts actually larger for one-year holding periods?
  September 2003 Business Valuation Update™



• The 2002 AICPA National BV Conference brings lively debates
  March 2003 Business Valuation Update™



• Marketability discounts: using four measures of risk and adjusting for relative liquidity
  August 2002 Business Valuation Update™



• FMV introduces detailed Restricted Stock Study
  November 2001 Business Valuation Update™