What Problems Does Business Valuation Practice Encounter—Survey

Abstract The paper presents a part of results of a survey on business valuation carried out in October 2011. The survey involved 182 experts in business valuation from twelve countries worldwide. The article attempts to answer the following questions: Has progress been made in business valuation practice in recent years? Can business valuation experts estimate value better than ever before? Is the process of business valuation becoming more and more complicated and to what extent? What problems do experts face in business valuation? Are there differences in the perception of the phenomena connected with valuation between experts working on the U.S. market, where the business valuation standards are well established, and experts from other countries such as Poland and Romania, where these standards have a shorter history?