| Size Premium: Seductive Siren or DOA
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Overview
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Specialized Knowledge & Applications; Finance
Shipping Weight: 0lbs. 0oz.
Size premium has become an ingrained part of valuation lore. However, a closer look indicates that it may be based on a few historical outliers, may not exist for a vast majority of time periods, is negative for a significant part of market history, and may in reality be simply a masquerade for the liquidity premium. This webinar dissects the components of size premium and presents empirical evidence challenging commonly accepted notions.
After completing this webinar, attendees will be able to:
- Identify components of cost of capital
- Differentiate between size premium and liquidity premium
- Apply well-reasoned cost of capital estimates in valuation
Who Should Attend
CPAs, attorneys, valuation practitioners providing expert witness testimony
Ashok Abbott, PhD
Dr. Ashok Abbott is a tenured associate professor of finance at West Virginia University in Morgantown, West Virginia. Ashok received his MBA and PhD in finance from Virginia Tech, Blacksburg, Virginia. His PhD dissertation was entitled "The Valuation Effects of Tax Legislation in Corporate Sell-Offs."
Dr. Abbott provides analytical and research support to members of the legal and valuation community. He has served as an expert witness in state and federal court for depositions, hearings, and trials. His recent assignments include working with S&P, Duff & Phelps, and Willamette Management Associates.
Dr. Abbott's 25 years of experience in academia, 16 years of industry experience, and 20 years of litigation consulting experience uniquely qualify him to analyze complex economic issues and develop reasoned opinions to meet the needs of dispute and valuation engagements.
In addition to publishing extensively in scholarly finance research journals, he has presented at national and international finance and valuation conferences. Dr. Abbott's classroom experience allows him to present complex ideas to non-experts in a manner that is both educational and engaging.
Dr. Abbott supports valuation practitioners and litigators with quantitative research, statistical analysis, and economic modeling. His statistical capabilities include sampling and research design, testing for statistical significance, modeling and estimation, and regression and time-series analysis. He works closely with litigation teams, presenting them with his independent analysis of financial and economic data. Dr. Abbott also provides a professional critique of the opposing party expert's analysis.