Analysis of Option Models in Liquidity Discount Application
In September 2017, the China Asset Appraisal Association revised and issued new appraisal standards in accordance with the spirit and requirements of appraisal methods. Among them, Article 32 of the “Asset Appraisal Practice Standards – Enterprise Value” explicitly states that “where feasible, the differences in control and liquidity between the appraisal object and transaction cases, … Read more