Are The Courts Unintentionally Promoting Unethical Behavior In Business Valuators?

Conn Richard R. ()
Additional contact information
Conn Richard R.: Conn Valuation Services Ltd.500–540, 5th Ave. S.W.Calgary, AB, T2P 0M2, Canada

Journal of Business Valuation and Economic Loss Analysis, 2017, vol. 12, issue 1, 145-182

Abstract: The expert business valuator’s primary responsibility is to assist the Court in the understanding of complex financial and economic issues impacting the valuation of an asset or damages claim. The Courts expect valuation opinions that are unbiased and impartial. But empowering the advocate-lawyers to select and engage those valuators misaligns the reward system. The reward the expert valuator seeks is the engagement itself – being appointed to the case. The current system of lawyer-engaged experts acts as an impediment towards absolute impartiality. Court-appointed experts may be the easiest means of eliminating role-conflict and realigning the reward system so that the expert valuator is focused upon the primary goal of serving the Court’s needs.

Keywords: business valuation; ethics; valuator independence; duty of expert witness; limited bias; court-appointed experts (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jbvela-2015-0001 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:jbvela:v:12:y:2017:i:1:p:145-182:n:1

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/jbvela/html

DOI: 10.1515/jbvela-2015-0001

Access Statistics for this article

Journal of Business Valuation and Economic Loss Analysis is currently edited by Bradley T. Ewing and James J. Hoffman

More articles in Journal of Business Valuation and Economic Loss Analysis from De Gruyter
Bibliographic data for series maintained by Peter Golla ().