“Key Person Discount in Small Firms: Fact or Fiction?”

James Larson is an ASA candidate and Associate Professor of Business and Finance at Embry-Riddle Aeronautical University in Prescott, Arizona. He also performs business appraisals for Brown-Wright and Associates, Scottsdale, Arizona.

Jeffrey P. Wright is co-founder of Brown-Wright and Associates, Scottsdale, Arizona. He is a current member of the Business Valuation Committee of the American Society of Appraisers and a past ASA Regional Governor.