Author: Dawson, Peter C. Publication Date: September 10, 2010. Title: The Economics of Business Valuation Discounts and the Competitive Risk-Return Paradigm. Publisher: Peter C Dawson Publishing, Dallas, TX. Binding: Hardcover, 450 pages. ISBN: 978-0-9844919-0-2. This text should be read and understood by practicing appraisers. Don't let yourself be blind-sided by its insightful, yet straightforward, positions when you are confronted with them in court. Your business valuation education would not be complete should you not become keenly aware of important critiques, and alternative analyses, that are presented in substantive detail in this book. Economists and Financial Economists in academia may wish to begin their reading with Chapters 14, 15 and 16. Although this is a business valuation text, the foundation for the discount for lack of a market (or marketability)--i.e., a "DLOM"--is Finance's Traditional CAPM, and therefore the author's analysis is ultimately led to ask, and answer, important questions of the CAPM. Its most important contribution for academics in Economics and Finance may be its extension of the Traditional CAPM in Chapters 14 through 16. This is a high-quality text. Readers will find that it provides significant contributions to the fields of Business Valuation and Financial Economics. Second printing. Please let the author know should you experience any manufacturing quality issues. -------------------------------------------------------- Cover photos: Copyright 2007 Peter C. Dawson. It is not about the girl. It is about the footprints she creates in the sand. Similarly, this book is not about the author; it is about its content. Will the establishment in Business Valuation and Financial Economics wash away its contributions, like ocean waves over the sand? Will its contributions endure man’s natural inclination to uphold the status quo? -------------------------------------------------------- [updated February 20, 2012] |
