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Professional Accountant News Blog

Brian A Sullivan
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Latest Paper on the Vanishing Size Effect

A new academic paper, “Why Has the Size Effect Disappeared?,” explores the disappearance of the small-firm effect after the early 1980s. The authors conclude that the reason is a combination of three empirical facts: (1) the size effect is significantly positive only...

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Acquisitions of Private Firms Up 12% in 2018

The number of announced acquisitions of privately owned companies increased from 7,793 in 2017 to 8,761 in 2018 (a 12% increase), reveals the soon-to-be-released 2019 Mergerstat Review. The purchase of privately held companies is a significant component of merger and...

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Newest Survey on Private Rates of Return

Some appraisers are not comfortable using public market data when estimating the cost of capital for a private company. While this method is justified by valuation standards and IRS Revenue Ruling 59-60, many assumptions and adjustments need to be made to convert data...

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