For more than 40 years, Shannon Pratt's Valuing a Business has been guiding professionals and students through the complex process of business valuation. Providing clear, concise descriptions of valuation principles and methods, its unsurpassed explanations of valuation issues have made Valuing a Business the gold standard of business valuation resources. You'll find everything you need to know to properly valve a business, stay abreast of the latest changes in valuation and reporting standards, and discover how compliance affects valuation. Over 60 contributing authors have updated and revised his definitive guide to address the issues that have arisen since it was last published nearly 15 years ago. This new edition includes: Summaries and commentary on hundreds of new court decisions, including details of court-provided guidance on aspects of valuation; Checklists for reviewing reports, useful for practitioners and attorneys; Updated discussion on measuring risk and data sources used to estimate cost of capital; New coverage of data sources for estimating discounts for lack of control, lack of liquidity and lack of marketability; New chapters on fairness and solvency opinions and valuation of REITs. Valuing a Business presents detailed answers to virtually all valuation questions you can ask, from executive compensation and lost profits analysis to ESOP issues and valuation discounts. Trust this authoritative resource to ensure accurate, efficient business valuation processes. Preface by Ken Pia.