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cessful execution of a business plan or the reduction in risk associated with achieving projected results." The framework of our analysis addresses Hardiman's concerns. The following section describes references to specific studies incorporating comparisons of Company-specific factors (e.g., revenues, ea
olding period was negative 29.6% (a premium) to 71.0%, with an overall mean and median of 22.3% and 20.1%, respectively. • Hertzel — Smith Studya6. Hertzel and Smith conducted a study on discounts associated with restricted stocks. The study was based on approximately 106 restricted stock transactions t
cessful execution of a business plan or the reduction in risk associated with achieving projected results." The framework of our analysis addresses Hardiman's concerns. The following section describes references to specific studies incorporating comparisons of Company-specific factors (e.g., revenues, ea
olding period was negative 29.6% (a premium) to 71.0%, with an overall mean and median of 22.3% and 20.1%, respectively. • Hertzel — Smith Studya6. Hertzel and Smith conducted a study on discounts associated with restricted stocks. The study was based on approximately 106 restricted stock transactions t
cessful execution of a business plan or the reduction in risk associated with achieving projected results." The framework of our analysis addresses Hardiman's concerns. The following section describes references to specific studies incorporating comparisons of Company-specific factors (e.g., revenues, ea
olding period was negative 29.6% (a premium) to 71.0%, with an overall mean and median of 22.3% and 20.1%, respectively. • Hertzel — Smith Studya6. Hertzel and Smith conducted a study on discounts associated with restricted stocks. The study was based on approximately 106 restricted stock transactions t
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