Valuation: Understanding, Assessing, and Documenting

Marc C. Hübscher () and Björn Heidecke ()
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Marc C. Hübscher: Deloitte GmbH
Björn Heidecke: Deloitte GmbH

A chapter in Intangibles in the World of Transfer Pricing, 2021, pp 163-178 from Springer

Abstract: Abstract Valuation is a measuring process because in so doing an empirical relation (e.g., an intangible value) is assigned a numerical relation (e.g., a monetary unit). The question arises about what a good valuation or measuring process is. This chapter outlines the concept of narratives and numbers. It shows that a good valuation requires both an accurate numerical process, i.e., the calculation part, as well as a convincing narrative that puts the calculation into context. A good valuation defined by numbers and narrative also needs to be documented. This chapter shows the link between narratives, numbers, and notes with typical assessment criteria for a measuring process: validity, reliability, and objectivity. This chapter concludes with a description of the documentation requirements of a valuation for transfer pricing purposes according to OECD principles.

Keywords: Valuation; Assessment criteria; Validity; Reliability; Objectivity; Good valuation; Documentation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-73332-6_9

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DOI: 10.1007/978-3-319-73332-6_9

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