We survey 356 valuation experts across 10 European countries with CFA or equivalent designation to gain some insights into their valuation practices. We find that while most experts use both Discounted Cash Flow (DCF) and Relative Valuation (RV) models, their assumptions and estimation methods...

In 2004, the IASB adopted the mandatory annual impairment-test-only of goodwill (IAS 36) instead of amortization of goodwill. We present and discuss the academic literature regarding the association between the goodwill impairment, under this new standard, and the revision of investors'...

Since 2000, technology companies have experienced dramatic losses in public market valuation. The question is whether this decline in prices opened the door for a concept hardly yet applied to this sector: leveraged and management buyouts. Tilman E. Pohlhausen explains why buyouts of companies...