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Journal of Business Valuation and Economic Loss Analysis

Editor-in-Chief: Ewing, Bradley T. / Hoffman, Jim

1 Issue per year


CiteScore 2016: 0.32

SCImago Journal Rank (SJR) 2016: 0.143
Source Normalized Impact per Paper (SNIP) 2016: 0.623

Online
ISSN
1932-9156
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Are The Courts Unintentionally Promoting Unethical Behavior In Business Valuators?

Richard R. Conn
Published Online: 2015-07-30 | DOI: https://doi.org/10.1515/jbvela-2015-0001

Abstract

The expert business valuator’s primary responsibility is to assist the Court in the understanding of complex financial and economic issues impacting the valuation of an asset or damages claim. The Courts expect valuation opinions that are unbiased and impartial. But empowering the advocate-lawyers to select and engage those valuators misaligns the reward system. The reward the expert valuator seeks is the engagement itself – being appointed to the case. The current system of lawyer-engaged experts acts as an impediment towards absolute impartiality. Court-appointed experts may be the easiest means of eliminating role-conflict and realigning the reward system so that the expert valuator is focused upon the primary goal of serving the Court’s needs.

Keywords: business valuation; ethics; valuator independence; duty of expert witness; limited bias; court-appointed experts

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About the article

Published Online: 2015-07-30

Published in Print: 2017-05-24


Citation Information: Journal of Business Valuation and Economic Loss Analysis, ISSN (Online) 1932-9156, ISSN (Print) 2194-5861, DOI: https://doi.org/10.1515/jbvela-2015-0001.

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