Here are some findings from a U.S. membership survey recently conducted by TEC Worldwide Inc., an international CEO-education and -development organization based in San Diego. The 258 respondents are chief executives of small to large companies.
Q: Have you ever hired an independent appraiser to conduct a valuation of your company?
Q: If you have hired an outside appraiser, please list all reasons that apply:
|Company merger or sale||41.3%|
|Curiosity about the value of the business||21.9%|
|Bank or investor financing||15.5%|
|Growth management strategies||12.3%|
|Planning to go public||4.5%|
Q: If you haven't hired an outside appraiser, why not?
|Trust your own judgment||17.5%|