Measuring Commercial Damages
Accountants who are entering
the high-growth area of measuring commercial damages for litigation support will find
Measuring ^ Commercial Damages a comprehensive and easy-to-understand guide, covering
everything from business valuation, cost analysis, and loss projection techniques to
intellectual property, securities, and ; antitrust losses. This book provides I
accountants, economists, and lawyers with the methodological framework vital to an expert
valuation, report preparation, and testimony in the broad field of commercial damages.
Despite its obvious
importance and the recent boom in litigation support, valuation of commercial damages for
litigation purposes has, until now, lacked a complete methodological framework for
accountants, economists, and attorneys. Measuring Commercial Damages explains how
commercial damages in litigation should be measured and provides an integrated accounting
and economics approach that explains exactly what accountants need to know about economics
to measure commercial damages.
Valuing the damages of a
company in litigation requires not only a far-reaching knowledge of the research and
practices of accounting, but also a working knowledge of macroeconomics, microeconomics,
econometrics, and finance, including investment analysis, capital market theory, and
corporate finance. While few experts possess strengths in all of the required areas, this
book's easy-to-understand methods offer an integrated approach so that practitioners in
the fields of accounting, economics, and law can clearly understand and effectively
utilize material presented from other fields.
Measuring Commercial Damages
is the first book to put forth a standard methodology for the most common
types of commercial damages,
from basic lost profits to losses that occur in business valuation, intellectual property,
securities, and antitrust litigation. Drawing from a wide range of published articles,
case studies, and treatises from legal, economic, accounting, and financial literature,
this book provides practitioners with the knowledge to more confidently write an expert
report and even testify as an expert witness in commercial damage litigation.
PATRICK A. GAUGHAN, PhD, is
President of Economatrix
Research Associates, Inc., and Professor of Economics and Finance at Fairleigh Dickinson
University. He is the author of Mergers, Acquisitions, and Corporate Restructurings, also
published by Wiley.
401 pages