Article Per Year (5 Year)
p-Index From 2021 - 2026
0
P-Index
This Author published in this journals
All Journal JABM JOURNAL of ACCOUNTING - BUSINESS & MANAGEMENT
Merrill, Gregory B.
JABM
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Other

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Inflation and Fair Market Value: An Empirical Analysis of Sales Transactions of U.S. Closely-Held Companies Merrill, Gregory B.; Galbraith, Craig S.; Stiles, Curt H.
JABM JOURNAL of ACCOUNTING - BUSINESS & MANAGEMENT Vol 18 No 1 (2011): April
Publisher : JABM

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

In this paper we examine the relationship between inflation regimes, inflation volatility and the valuation of closely-held firms. Using sales transaction data we found that the relationship between valuation and inflation for closely-held firms appears similar to that found in prior research from publicly traded firms. Using four different measures of valuation, there appears to be a bimodal relationship where very low inflation and very high inflation is associated with lower valuations, while a sweet spot' between two percent and four percent inflation is associated with the highest valuations. Valuations also appear negatively correlated with inflation volatility.
Co-Authors Galbraith, Craig S. Stiles, Curt H.