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provide a service to the firm (e.g., employees). Therefore, a portion of the adjustment n Based on various articles and court cases, including: (I) John J. ICania, "Evolution of the Discount for lack of Marketability," Business Valuation Review, March 200!, (ii) Hall, Lance S., "The Search for the Holy Grail,
o Companies with lower price stability exhibited higher discounts. o Companies with higher earnings stability exhibited lower discounts. IS From Milton Gelman, "An Economist-Financial Analyst's Approach to Valuing Stock of a Closely Held Company," Journal of Taxation, June 1972, pp. 353-54. gcb From Rober
provide a service to the firm (e.g., employees). Therefore, a portion of the adjustment n Based on various articles and court cases, including: (I) John J. ICania, "Evolution of the Discount for lack of Marketability," Business Valuation Review, March 200!, (ii) Hall, Lance S., "The Search for the Holy Grail,
o Companies with lower price stability exhibited higher discounts. o Companies with higher earnings stability exhibited lower discounts. IS From Milton Gelman, "An Economist-Financial Analyst's Approach to Valuing Stock of a Closely Held Company," Journal of Taxation, June 1972, pp. 353-54. gcb From Rober
provide a service to the firm (e.g., employees). Therefore, a portion of the adjustment n Based on various articles and court cases, including: (I) John J. ICania, "Evolution of the Discount for lack of Marketability," Business Valuation Review, March 200!, (ii) Hall, Lance S., "The Search for the Holy Grail,
o Companies with lower price stability exhibited higher discounts. o Companies with higher earnings stability exhibited lower discounts. IS From Milton Gelman, "An Economist-Financial Analyst's Approach to Valuing Stock of a Closely Held Company," Journal of Taxation, June 1972, pp. 353-54. gcb From Rober
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