Online Conference Program 2022

EACVA's 15th International Business Valuation Conference

3 – 4 November 2022 I Live Online

Time Zone: Central European Time (CET) I Language: all sessions will be delivered in English language

Click on the links in the speakers' names to learn more about the speakers and presentations' content.

09:00 – 09:15 am

Welcome Address EACVA: WP StB Andreas Creutzmann, CVA / Wolfgang Kniest, CVA / WP StB Univ.-Prof. Dr. Klaus Rabel, CVA

09:15 – 10:30 am

Opening Keynote: Outright Economic Warfare – Can It Be Contained?

  • What is economic warfare
  • The role of risk assessment of decision makers vis-à-vis long-term developments
  • The geotectonic default lines and their impact on economic value
  • Potentials for robust states and enterprises

SpeakerProf. Dr. Dr. h.c. Ulrich Blum, University of Halle I Institute for Technologies and Economics of Lithium

10:30 – 11:00 am

Virtual Coffee Break

11:00 am – 12:00 pm

Session A: Accounting Insights for Valuation Professionals – Red Flags & More

  • Recent academic work on accounting red flags
  • Examples of factors across accounting and auditing
  • Developing and testing a red flags framework
  • Improving value investing techniques through the use of accounting information
  • Other accounting related insights of interest

Speaker: Dr. Kenneth Lee, CFA, The London School of Economics and Political Science

12:00 – 1:15 pm

Virtual Lunch Break

1:15 – 2:15 pm   

Session B: Betanomics 2022: Some Dos and Don’ts of Dealing with Capital Market Data

  • Unlevered Beta: Are you ready for some statistics?
  • Adjusted Betas: Can you manage the model consistencies?
  • Maximum Vasiceking: Its economics – not mechanics
  • Attenuation bias: First, do no harm

SpeakerProf. Dr. Matthias Meitner, CFAInternational School of Management / VALUESQUE

2:15 – 2:30 pm

Virtual Coffee Break

2:30 – 3:30 pm

Session C: Challenges to Market Value

  • 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?

SpeakerAlexander Aronsohn, FRICSIVSC

3:30 – 4:00 pm

Virtual Coffee Break

4:00 – 5:00 pm

Session D: Time to Get Tangible About Intangible Assets

  • Intangible assets are playing a more important role in company’s abilities / attempts to create value than ever before
  • Hence, there is a need for companies to become more ‘tangible’ (read: transparent, informative) about these intangibles
  • Ways to do so are: read more...

SpeakerHenk Oosterhout, Ph.D., MBAKroll

Agenda and speakers are subject to change
9:00 – 10:00 am

Session E: Special Cases in the Valuation of Venture Capital Investments

  • Introduction to the OPM-based valuation of preferred shares
  • Distributing vs. non-distributing preferred shares
  • Using the back-solve method when primary and secondary transactions are present
  • Dilutive effects of stock options

SpeakerDr. Christoph Engel, CFA, CVA, Accuracy

10:00 – 10:30 am

Virtual Coffee Break

10:30 – 11:30 am

Session F: Peer Group Selection Using Artificial Intelligence Technology

  • Peer Selection for Transaction Multiplier Valuation – Strategies & Selection Criteria
  • Peer Group Size & Composition
  • Application of Artificial Intelligence Technology in Business Valuation
  • Maschine Learning Algorithms – Types, Characteristics and Application Power
  • Can Machines Learn better Peer Groups?

Speakers: StB Prof. PD MMag. Dr. Stefan O. Grbenic, CVA, Graz University of Technology
Prof. ddr. Timotej Jagrič, University of Maribor

11:30 – 11:45 am

Virtual Coffee Break

11:45 am  − 12:45 pm

Session G: Leasing & Valuation – Common Pitfalls and How to Avoid Them

SpeakerDr. Timo Willershausen, PwC

12:45 − 2:00 pm

Virtual Lunch Break

2:00 − 3:00 pm

Session H: Diving into Deals: Gain a Deeper Understanding of SME Transaction Databases and How to Use Them Effectively

SpeakerLari Masten, MSA, CPA, ABV, CFF, CVA, CPVA, ABAR, MAFF, Masten Valuation

3:00 − 3:30 pm

Virtual Coffee Break

3:30 − 4:45 pm

Closing Keynote: ESG and Valuation

  • ESG and Shareholder Wealth Maximization
  • ESG, the Cost of Capital, and Investor Returns
  • ESG and Agency: The Standing Issue
  • ESG and Corporate Decision Making: The Information Problem
  • ESG and Valuation in a Global Context

SpeakerProf. Bradford Cornell, Ph.D., University of California, Los Angeles

4:45 − 5:00 pm Closing Remarks EACVA: WP StB Andreas Creutzmann, CVA / Wolfgang Kniest, CVA / WP StB Univ.-Prof. Dr. Klaus Rabel, CVA
5:00 pm

End of the Conference

Agenda and speakers are subject to change

Sponsors:

Many thanks to our sponsors for your kind support!


Exhibitors:

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