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Valuation: Understanding, Assessing, and Documenting

In: Intangibles in the World of Transfer Pricing

Author

Listed:
  • Marc C. Hübscher

    (Deloitte GmbH)

  • Björn Heidecke

    (Deloitte GmbH)

Abstract

Valuation is a measuring process because in so doing an empirical relation (e.g., an intangible value) is assigned a numerical relation (e.g., a monetary unit). The question arises about what a good valuation or measuring process is. This chapter outlines the concept of narratives and numbers. It shows that a good valuation requires both an accurate numerical process, i.e., the calculation part, as well as a convincing narrative that puts the calculation into context. A good valuation defined by numbers and narrative also needs to be documented. This chapter shows the link between narratives, numbers, and notes with typical assessment criteria for a measuring process: validity, reliability, and objectivity. This chapter concludes with a description of the documentation requirements of a valuation for transfer pricing purposes according to OECD principles.

Suggested Citation

  • Marc C. Hübscher & Björn Heidecke, 2021. "Valuation: Understanding, Assessing, and Documenting," Springer Books, in: Björn Heidecke & Marc C. Hübscher & Richard Schmidtke & Martin Schmitt (ed.), Intangibles in the World of Transfer Pricing, edition 1, pages 163-178, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-73332-6_9
    DOI: 10.1007/978-3-319-73332-6_9
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