Follow-up paper to IVSC paper on challenges to market value
Dec 01, 2021
The International Valuation Standards Council (IVSC) published a perspectives paper "Challenges to Market Value" in February 2021 that looked at the challenges in relation to the availability of market information in a pandemic world. A broad range of feedback was received in relation to the paper that has prompted the IVSC to publish a second paper in the series.
This second paper, Market Value: An Established Basis of Value, includes discussions on:
- Price, cost, value and worth
- How do we define what the ‘market’ is and how does this impact on market value?
- What is the market value conceptual framework?
- Is market value backward looking?
- Are the ‘peaks’ and ‘troughs’ truly captured when using a market value premise?
- How does the valuer utilize assumptions and special assumptions with market value?
Review the press release and perspectives paper on the IVSC's website.