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Relevance, Reliability, and the Company-Specific Risk Premium

Business Valuation

 Relevance, Reliability, and the Company-Specific Risk Premium
CPE Credit

Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Intermediate
Prerequisites: Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Finance
Item Number: 13PBV0621
Shipping Weight: 0lbs. 0oz.
Price: $110.00
Program Description

Dr. Walker's webinar compares the Butler-Pinkerton Model (BPM), the Build-Up Method, and the Adjusted Capital Asset Pricing Model (A-CAPM). He evaluates the reliability of each model by considering the four desirable properties of estimators: unbiased, efficiency, minimum mean-square error, and consistency. Dr. Walker illustrates a procedure for testing whether historical beta is a good estimator of future beta. He concludes that the Build-Up and A-CAPM models are likely to have a lower potential error than the BPM.

Learning Objectives

After completing this webinar, attendees will be able to:

- Discuss the main differences between different models
- Compare the reliability of each model based on four desirable properties of estimators

Who Should Attend

All Business Valuation practitioners and attorneys who deal with valuation


M. Mark Walker, CPA, ABV, ASA
Dr. Mark Walker is an Associate Professor of Finance at the University of Mississippi. His teaching and research interests include corporate finance, investments, and business valuation. He has written over 25 articles on various financial topics, including analysts' recommendations, mergers and acquisitions, bondholder wealth, and business valuation. Dr. Walker serves as a member of the Board of Trustees for the Financial Executives Research Foundation.