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examples. The proper application of valuation theory in practice depends on the specific facts and
circumstances of the business or business interest being valued.
Internet Links
Notes
1 International Glossary of Business Valuation Terms, jointly published by the American Institute of
Certified Public Accountants, American Society of Appraisers, Canadian Institute of Chartered
Business Valuators, Institute of Business Appraisers, and National Association of Certified Valuation
Analysts. Further terminology from this jointly published glossary is included in the Glossary at the
end of this book.
2 American Society of Appraisers, Statements on ASA Business Valuation Standards, SBVS-1
Guideline Public Company Method, revised July 2008.
For Further Reading
Damodaran, Aswath. Investment Valuation, 2nd ed. (New York: John Wiley & Sons, 2002).
Hitchner, James R., ed., Financial Valuation: Applications and Models, 2nd ed. (Hoboken, NJ: John
Wiley & Sons, 2006).
Koller, Tim, Marc Goedhart, and David Wessels, Valuation: Measuring and Managing the Value of
Companies, 4th ed. (Hoboken, NJ: John Wiley & Sons, 2005).
Morningstar, Ibbotson Stocks, Bonds, Bills, and Inflation Valuation Yearbook (Chicago: Morningstar,
published annually).
Pratt, Shannon P., and Roger J. Grabowski, Cost of Capital: Applications and Examples (Hoboken,
NJ: John Wiley & Sons, 2008).