Rodríguez López, Ángel; Rubio Martín, Gracia - In: Journal of business economics and management 20 (2019) 1, pp. 107-130
The aim of this paper is to assess the fair marketability discount (MD) in the Spanish market for valuation multiples comparing public versus private transactions. The study finds that to obtain MD it is necessary previously to control by a battery of factors that affects ratios' prices such as...