The Business Valuation Journal has been created by IVSC sponsor organisation, OIV - Organismo Italiano di Valutazione, the Italian Valuation Standard Setter - to provide a forum for discussion and to foster progress in the field of business valuation.  The Journal can be downloaded free of charge from the OIV website ( and the IVSC website (

The Journal intends to share ideas and solutions to advanced valuation problems common to different geographical areas and broader sectors by publishing high-quality, practitioner-relevant articles. The journal’s objective is to stimulate the exchange of the best practice, practical solutions, evidence and, more generally, experiences developed in academia and international professional practice for the cultural and professional advancement of the Business Valuer community.

Volume 1 (issue 1) of the Journal is available to download here and includes the following articles:

  1. Company valuation as a result of risk analysis: replication approach as an alternative to the CAPM [Werner Gleißner, Dietmar Ernst]
  2. Residual Income Model and abnormal returns: a comparison to factor styles and sell-side analysts [Marco Pinochi, Fabio Fais, Marco Corsiglia]
  3. Critical issues when valuing small businesses [Raffaele Marcello, Matteo Pozzoli]


Click to download: Business Valuation Journal Vol.1 issue 1 Spring 2019.pdf