Estimating the Discount For Lack of Marketability-Using Proportional Bid-Ask Spreads

Niranjan H. Chipalkatti, Ph.D., AIBA, ACA is an Associate Professor of Accounting at Ohio Northern University. As a valuation consultant, he conducts continuing education workshops on valuation for accountants and lawyers. Dr. Chipalkatti's research is in the area of market microstructure and equity valuation. His e-mail address is: nchipalk@po.onu.edu