Incentives and business in Collier County

Naples Daily News,

Financial Evaluation and Market Value Analysis: Williams v. Anheuser-Busch

 

AEG Experts Gain $16 M Jury Verdict in Hotly Contested Commercial Damages Case

 

Patrick L. Anderson awarded Abramson Scroll for his paper “The Value of Private Businesses in the United States”

 

The Value of Private Businesses in the United States

The vast majority of businesses in the United States are privately held, and approximately 99 percent meet a common government definition of “small.” However, we know surprisingly little about the market values of these organizations. In this paper, we estimate the market value of privately held firms in the United States from sources on earnings, assets, and reported market value of multiple forms of business entities, including corporations, partnerships, LLCs, and sole proprietorships. We discuss various theoretical and practical methods of valuing assets, including those arising from economics, neoclassical finance, portfolio theory, and tradition. Concluding that most of them are not appropriate for valuing private firms, we use insights from dynamic programming and ratio analyses from traditional technique to produce a new estimate based on reported taxable earnings, net worth, and tax filing status. Using this approach, we estimate that privately held U.S. firms had earnings that exceeded those of publicly held firms in two recent years by a significant margin. Moreover, the market value of these firms exceeded that of publicly traded firms. We also conclude that policymakers, perhaps grossly, underestimate the true scale of “small” and privately held firms in the economy.

 

Information on Business Economics as well as this article can be found on NABE’s website (Vol. 44 No. 2). Or you can contact us if you are interested in viewing an author copy.

Applied Game Theory and Strategic Behavior, 2009

Ilhan K. Geckil and Patrick L. Anderson

This book demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. 

When going gets tough, the tough turn to research

Michigan Retailer,

Cabinet officials head hard-hit to auto states

Associated Press,

Study: Michigan's business tax breaks may be losers

Detroit Fress Press 

Business owners told to fight for their rights

Daily Inter Lake