Business Valuation Resources, LLC

Liquidity Crisis & The Impact on Valuation Practices
Recast from the 11th Annual FAE/BVR Business Valuation Conference

Date: Thursday, May 21, 2009
10:00am-11:40am PT / 1:00pm-2:40pm ET

Earn 2 CPE credits
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Featuring (click image for more information):

Ashok Abbott
West Virginia University

Register for Teleconference - $249.00

Register for Teleconference and On Demand Pack- $339.00

Unlimited listeners can earn CPE credit at no additional charge (Click for More Information)

CPE credit is available for an unlimited number of listeners to any registered line.

To add listeners for CPE credit, contact customer service ( or (503) 291-7963) with main registrant's name, the names of the persons to receive credit, and their email addresses.

Conference On Demand Packs (Click for More Information on Teleconference Transcripts & Recordings)

BVR's On Demand Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

Each On Demand Packs includes:

  • Recordings and transcripts of the presentation
  • All presentation visual aides and handouts
  • All ancillary reading materials suggested by our presenters

Why you should attend:

"Credit Crunches," "Toxic Debt," and now "Stress Tests." Problems in capital markets in the current economy should by now be well known. While traditional valuation theory assumes liquidity, recent events in capital markets have demonstrated that DCF values based on public market transactions may be significantly overstated when the impact of liquidity is ignored. And while Blockage - the incremental cost of liquidating a large position in a publicly traded company - is generally acknowledged, we need to be able to quantify its impact on the realizable value of the assets being valued.

In "Liquidity Crisis and Valuation Practices - Estimating the Cost of Liquidity" at the 11th Annual FAE/BVR Business Valuation Conference, Dr. Ashok Abbott will use capital markets data from this turbulent period to illustrate option method techniques that can be used to develop theoretically valid and empirically defensible discounts for lack of liquidity.

On May 21, BVR will replay Dr. Abbott's presentation in a special teleconference, "Liquidity Crises & the Impact on Valuation Practices". Following "Liquidity Crisis and Valuation Practices," Dr. Abbott will join us for live audience Q&A. Given Dr. Abbott's expertise, the current state of credit markets, and the necessity of this consideration in the business valuation process, this teleconference is not to be missed.


  • "Liquidity Crisis and Valuation Practices - Estimating the Cost of Liquidity"
    • Dynamics of current capital markets and their effect on liquidity
    • Developing DCF values in the current environment - overstatement when lack of liquidity is ignored
    • Quantifying the impact of blockage on the realizable the value of assets
    • Option method techniques that can develop discounts for lack of liquidity
  • Live Q&A with Dr. Ashok Abbott

Learning Objectives:

  • Understand how tight credit markets lead to distortions in valuation methods
  • Learn how to properly account for a lack of liquidity
  • Quantify the effect of blockage on a target asset
  • Use market data to your advantage by developing theoretically valid and empirically defensible discounts for lack of liquidity


CPE Credit Information

Earn 2 Interactive CPE Credits (Consulting Services)

Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.
NASBA Sponsor

Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group-Live
Recommended CPE: 2 Credit Hours

BVR's Satisfaction Guarantee:
Business Valuation Resources offers a complaint resolution and refund policy with a 100% money-back guarantee. If you are not completely satisfied with your conference experience, or have any concerns or complaints, you may contact Business Valuation Resources at (503) 291-7963 ext. 102 for a satisfactory resolution of your concern or you may submit a written request for a full refund of this program to Stephanie Crader at: or mail to BVR, LLC, 1000 SW Broadway, Suite 1200, Portland, OR 97205.