M. Mark
Walker, PhD, CFA, CBA
Selected
publications and speaking engagements
Journal
Publications
Walker,
M. Mark, “The Process Does Work,” Business
Appraisal Practice, Third Quarter 2014, 3.
Walker,
M. Mark, “Theory and Application of the Private Cost of Capital Model,” The Value Examiner,
January / February 2013, 12-17.
Walker,
M. Mark, “Relevance, Reliability and the Butler-Pinkerton Model,” Valuation Strategies,
Vol. 15, No. 2, November / December 2011,
16-25.
Walker,
M. Mark, “Examining the Court’s Rationale for Allowing Company-Specific Risk
Premiums in
Dissenter’s Rights Cases,” National Litigation Consultants’ Review,
Vol. 10, No. 2, October /
November 2010, 7-8.
Walker,
M. Mark, “Evaluating the Butler-Pinkerton Model: Is It Better than the Buildup
Method?,”
Business
Appraisal Practice, Third Quarter 2010, 22-31.
Walker,
M. Mark, “The Comparable Transaction Method, Fair Market Value, and Financial
Theory,”
Valuation
Strategies, Vol. 12, No. 4, March / April 2009, 4-11.
Walker,
M. Mark, “Are the Public and Private Capital Markets Worlds Apart?” Business Appraisal
Practice, Winter 2007 / 2008, 8-20.
Walker, M. Mark and Chi-Sheng Hsu, “Strategic Objectives,
Industry Structure, and the Long-Term
Stock Price
Performance of Acquiring and Rival Firms.” Applied
Financial Economics, Vol. 17,
No. 15,
October 2007, 1233-1244.
Walker, M. Mark, “Studying Value / Valuing Study: Key
Lessons from the Business Valuation
Literature.” Business Appraisal Practice, Winter 2006 / 2007, 31-39.
Walker,
M. Mark and Bjoern A. Claassen, “What Drives Sell-Side Recommendation Announcement
Returns?”, Financial Services Review, Vol. 15, No.
4, Winter 2006, 315-333.
Walker, M. Mark, “Using Acquisition Premiums to
Estimate the Value of Control: What is
the
Importance of Synergy and Relative Firm
Size?” Business Appraisal Practice,
Summer / Fall 2005,
5-14.
Walker, M. Mark, “Explaining the Single-Period
Capitalization Model: A Special Case of the Discounted
Cash Flow
Model.” Business Appraisal Practice, Winter 2004 / 2005, 35-41.
Walker, M. Mark, "Corporate Takeovers, Strategic
Objectives and Acquiring-Firm Shareholder Wealth."
Financial
Management, Vol. 29, No. 1, Spring
2000, 53-66.
Walker, M. Mark, "Leveraged Recapitalizations,
Operating Efficiency and Stockholder Wealth."
Financial
Review, Vol. 33, No. 3, August 1998,
99-114.
Walker, M. Mark and Bryn R. Vaaler, "Negotiating
Value / Valuing Negotiation: A Joint
Case Study for
Business
and Law Students." Journal of
Financial Education, Vol. 22, Spring 1996, 101-107.
Walker, M. Mark, "On the Shareholder Wealth
Maximization Objective of Corporate Governance:
The
Case of
Leveraged Recapitalizations." Managerial Finance, Vol. 22, No. 4,
1996, 53-70.
Other
Publications
Thompson, Thomas, and M. Mark Walker, “M&A Deal
Flow in the Post-Recessionary Period.”
Executive report published by the
Financial Executives Research Foundation, Inc., 2010, 1-16.
Webcast sponsored by Merrill DataSite and
the FERF, June 24, 2010.
Thompson, Thomas, and M. Mark Walker, “M&A Plans
and Other Strategic Growth Initiatives: Business
Management
Reality for the New Economic Reality.” Executive report published by the
Financial
Executives
Research Foundation, Inc., 2009, 1-34.
Webcast sponsored by Merrill DataSite and FERF,
May 27,
2009.
Business
Valuation Speaking Engagements
“Corporate Income Taxes: Fact or Fiction?”, presented
at the SECBA Business Valuation Conference,
Atlanta, GA, September 25, 2015.
“Linking the Market Approach to the Income Approach,”
presented at the National Association of Certified
Valuators and Analysts (NACVA)
Business Valuation Conference, Pittsburgh, PA, September 15, 2015.
Also served on a discussion panel, “Conversations with the Masters,”
with Dr. Ashok Abbott, Robert
Grossman, Jim Hitchner, and Robert Reilly.
“Linking the Market Approach to the Income Approach,”
presented at the 2015 Annual Consultants’
Conference, New Orleans, LA, June 26, 2015. Also served on a discussion panel, “Conversations
with
the Masters,” with Frank Rosillo, Kevin Zanni, and Sean Saari.
“Cost of Capital: How has it Changed?” Panel
discussion with Ronald D. Rudich and Barry A.
Baker
(Moderator: Brandi Ruffalo) at the SECBA Business Valuation Conference,
Atlanta, GA,
September
20, 2014.
“Relevance, Reliability and the Company-Specific Risk
Premium,” presented at the 2012 Annual
Consultants’ Conference,
Dallas, TX, June 21, 2012. Dr. Walker
received the Dr. Rosemarie
O. “RO” Smith Academic Research Grant
Award.
“Evaluating the
Butler-Pinkerton Model: Is It Better than the Buildup Method?”, presented at
the
SECIBA Business Valuation Conference,
Atlanta, GA, October 2, 2010.
“Estimating Value
with the Comparable Transaction Method: A Simulation Study,” presented at the
SECIBA Business Valuation Conference,
Atlanta, GA, September 26, 2008.
“An Overview of
Financial Contracting in the Public and Private Capital Markets,” presented at
the
SECIBA Business Valuation Conference,
Atlanta, GA, September 28, 2007.
“Buying, Selling, or
Expanding a Business,” presented at the Association of Consulting Foresters
Conference, Biloxi, MS, February 22, 2007.
“Studying Value /
Valuing Study: Key Lessons from the Business Valuation Literature,” presented
at the
SECIBA Business Valuation Conference,
Atlanta, GA, September 16, 2006.
“Using Acquisition
Premiums to Estimate the Value of Control:
What is the Importance of Synergy and
Relative Firm Size?,” presented at the SECIBA Business Valuation Conference, Atlanta,
GA,
September 18, 2004.