Follow-up paper to IVSC paper on challenges to market value
02 Dec 2021
In February 2021, the International Valuation Standards Council (IVSC) published a perspectives paper 'Challenges to Market Value' 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 utilise assumptions and special assumptions with market value?
Please click to access the perspectives paper through the press release on the IVSC website.
