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Blockage: Valuation of Large Blocks of Publicly Traded Stocks for Tax Purposes.

Sandra S. Kramer
The Accounting Review 1982 57(1), 70-87
Abstract ABSTRACT: Publicly traded stock is normally valued in tax settings by multiplying the mean between the highest and lowest sales price on the valuation date by the number of shares of stock. However, when a large block of publicly traded stock must be valued, the valuation process is more complex. This study identifies the variables cited by the courts and the tax literature in these valuation cases. Multiple regression analysis is then used to develop mathematical models of the courts' decision results. The model developed using Tax Court cases is compared to a model developed using cases from the Tax Court, the Court of Claims, and the district courts.

Technological Routineness and Intra-Unit Structure in CPA Firms.

Van Ballew
The Accounting Review 1982 57(1), 88-104
Abstract ABSTRACT: Mainstream contingency views of intra-organizational structure predict that work-units within complex organizations with more routine work processes will tend to be structured more bureaucratically. This field study tests this view in the context of the major work units found in CPA firms. Data supplied by 20 firms cast doubt on the supposition that audit, tax, or management advisory service personnel perceive significant differences either in terms of technological routineness or bureaucratic structuring.