Business Valuation LLC

               Phone: 304 692 1385     Fax :304 599 7250   Email: bizvaluer@valuellc.com

Appraiser Qualifications

Divorce  Valuation

Marital and Separate Property

Active and Passive Appreciation

Estate  Planning

Valuation Approaches

Valuation Discounts

Revenue Rulings

Practice Aids

Appraiser Qualifications

        Ashok B. Abbott, our senior appraiser, is Associate professor of Finance at West Virginia University, Morgantown, West Virginia. He has also taught at the Graduate school of Credit and Financial Management held at Dartmouth and Stanford University.

Professor Abbott received his M.B.A. (Finance) at Virginia Polytechnic Institute and State University (VPI), Blacksburg, VA, in 1984, followed by a Ph.D. in finance, also at VPI, in 1987.  His Ph.D. dissertation title was "The valuation effects of tax legislation in corporate sell-offs". 

Professor Abbott has over thirty years of experience in evaluation of businesses as a senior bank lender and as a business appraiser. His areas of focus are blockage discount, discount for lack of marketability/liquidity, control premiums, Securities, and  event studies.

He has served as an expert witness in business valuation arena for ten years. He has also served as a consultant to  valuation divisions of Standard & Poor's, Duff & Phelps, Willamette Management Associates, Houlihan Valuation Advisors, and BGBC partners.

His business valuation reports have been accepted by family law master courts in West Virginia, North Carolina and Florida. His analysis and valuation reports have been accepted by the IRS in estate settlements.

Professor Abbott has published extensively in scholarly research journals and made presentations at national and international conferences, some of his recent work pertaining to business valuation  discipline includes:
 

Liquidity and asset pricing, 5TH ANNUAL VALUATION OF HARD-TO-VALUE SECURITIES AND PORTFOLIOS December  2006, New York (forthcoming)

The Abbott Index on Discount for Lack of Marketability , presented at the NACVA conference, San Francisco, June 2006

Revisiting IPO Underperformance: An Excess Liquidity Effect, presented at the Eastern Finance Association, Philadelphia, April 2006
 

Revisiting Liquidity Underperformance: Excess liquidity Effect, presented at the Southern Finance Association, Key West , November 2005 2006
 

Identifying Active and Passive Appreciation using Econometric Analysis, Business Valuation Update, December 2005

Measuring Discounts for lack of Liquidity, presented at the NACVA conference, Philadelphia, June 2005

Quantifying Marketability Discounts: New Research and Its Practical Application Presented with Dan Van Vleet at ASA CURRENT TOPICS IN BUSINESS VALUATIONS - 2005, May 2005, New York

Role of liquidity in Asset Pricing, proceedings of International Conference on Business and Finance, December 2004, Hyderabad, India

Estimated holding period for listed securities, by Ashok Abbott, 8 Valuation Strategies 4 (Sept/Oct 2004)

“Valuing Businesses in Divorce:  Emphasis on Passive and Active Appreciation”, co-authored with Tim Voit, published in Vol. 5, Issue 3 CCH Business Valuation Alert, April 2004,(reprinted with permission in the Journal of Tax Practice Management, March-April 2004.  Published simultaneously in the CPA-Law Forum Newsletter, and the Florida Bar Family Law Commentator, Vol. XXI, No. 1, Fall 2004)

 Untangling the Web of Discounts: Marketability, Liquidity, and Control Issues in Valuation, proceedings of Institute of Business Appraisers Meeting, Las Vegas, June 2004; 

Re-examining the Risk and Return effects of Joint Ventures, proceedings of Hawaii International Conference on Business” Honolulu, June 2004, with Tuncer Gocman
 

Strategic Flexibility and Firm Performance: The Case of US Based Transnational corporations, Global Journal of Flexible Systems Management, 2003 Vol4, Nos. 1&2, pp1-8 (lead article)

Discount for lack of marketability: evidence from NASDAQ delistings; Business Valuation Review, December 2003

New Flexible Paradigms in Equity Valuation: Knowledge Based Enterprises; Global Journal of Flexible Systems Management- 2001 Vol 2. No.1